LG Electronics is exiting the electric vehicle charger business. The company cites ongoing stagnation in global EV demand and ...

LG Electronics exits the EV charger business due to stagnant demand and competition, reallocating employees to focus on HVAC.

LG Electronics said on Tuesday it will exit the electric vehicle (EV) charger business, citing prolonged global demand ...

LG Electronics said Tuesday it will exit the electric vehicle charger business, three years after entering the market, due to ...

In short, LG is leaving the EV charger market because of weak global demand and tough competition. The company plans to invest in other businesses where it can grow faster and serve customers better.

The division members will be reassigned to other divisions within LG Electronics. HiEV Charger, the subsidiary that manufactured the chargers, will soon be liquidated, but all maintenance services for ...

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Just three years after entering the electric vehicle (EV) charging business, LG Electronics has announced its decision to ...