LG Magna e-Powertrain is building its first European manufacturing facilities in Hungary as a response to the growing need for electric vehicles in the region.
Electronics and display companies are eyeing opportunities in the auto sector as the increased adoption of electric and autonomous vehicles creates new demand for chips and displays.
Samsung Electronics and LG Electronics will replace Hyundai Motor at the upcoming IAA Mobility in Munich, Germany as the two companies bank on their auto businesses to lead future growth.
Korea JoongAng Daily Sitemap