[Concall] LG Electronics "Magna JV Merger Sales Synergy Expected to Materialize After 2024"
[Asia Economy Reporter Suyeon Woo] On the 29th, LG Electronics stated in its Q1 earnings conference call that "the electric vehicle market, targeted by the merged company established with Magna, is expected to grow at an average annual rate of about 35% until 2025, and the JV's sales growth rate is also expected to be 50% annually."
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
They added, "Although the JV will launch in the second half of the year, due to the nature of the automotive parts business, sales synergies are expected to fully materialize after 2024."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
