[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."

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."