[Featured Stock] LG Electronics Rises 9% on News of Supplying Mercedes-Benz Electric Vehicle Parts

[Asia Economy Reporter Ji Yeon-jin] LG Electronics is showing strong performance on the 13th as it emerges as a beneficiary stock in the global electric vehicle parts market.

As of 10:11 AM on the day, LG Electronics is trading on the KOSPI market at 149,500 KRW, up 9.12% compared to the previous trading day.

The stock price surged following expectations of benefits from the Apple Car and news that it will supply parts for Mercedes-Benz’s electric vehicles.

LG Electronics announced the day before that it supplied a plastic OLED (P-OLED) based infotainment system for the 2022 model EQS, an electric sedan from Mercedes-Benz.

The infotainment system supplied this time integrates three screens into one: the instrument cluster, central information display, and passenger seat display. Additionally, it uses a flexible and bendable P-OLED display to create a panoramic screen with a curved dashboard design.

Expectations of benefits from the ‘Apple Car’ project, which Apple is pursuing, were also reflected. It is known that Apple executives visited Korea last month and held meetings with domestic parts companies, raising the possibility that LG Electronics’ automotive components division may participate in the Apple Car project.

This content was produced with the assistance of AI translation services.