[Featured Stock] LG Electronics Hits Upper Limit on News of New Electric Vehicle Parts Company Establishment
[Asia Economy Reporter Kum Boryeong] LG Electronics recorded a limit-up on the 23rd following news of establishing a new company in the electric vehicle powertrain sector.
As of 1:57 PM that day, LG Electronics' stock price rose 29.61% (27,300 KRW) from the previous trading day to 119,500 KRW.
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LG Electronics announced on the same day that it will simply and physically split its electric vehicle parts business division, including motor·PE, battery heater, DC charging box, and battery·battery pack parts-related businesses. The newly established spin-off company will be tentatively named 'LG Magna ePowertrain' and plans to form a joint venture with Canada's Magna.
This content was produced with the assistance of AI translation services.
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