{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/lg-electronics-establishes-automotive-r-d-subsidiary-in-vietnam/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"LG Electronics establishes automotive R&D subsidiary in Vietnam","slug":"lg-electronics-establishes-automotive-r-d-subsidiary-in-vietnam","createdLocal":"2023-03-10 14:31:00.713795","publishDate":"2023-03-09 10:36:26+00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://www.just-auto.com/news/lg-electronics-establishes-automotive-rd-subsidiary-in-vietnam/"},"postSummary":{"childMarkdownRemark":{"html":"<p>South Korea’s LG Electronics has established a research and development (R&#x26;D) subsidiary in Vietnam to help it respond to rapidly growing demand for electric vehicle (EV) components.\nLG said the operations at its existing R&#x26;D centre in Hanoi would be incorporated into the new subsidiary, called LG Electronics Development Vietnam.\nUS market research firm Strategic Analytics regards LG as a global market leader for IVI systems with a 23% market share.\nLG said the new R&#x26;D subsidiary was part of its strategy to strengthen its position in the global auto parts market and lead the fast approaching autonomous driving era.\nThe company has three key automotive systems businesses – IVI systems, lighting and headlight systems through its ZKW Group subsidiary, and e-powertrains through its joint venture with Magna International.</p>"}}}},"pageContext":{"slug":"lg-electronics-establishes-automotive-r-d-subsidiary-in-vietnam"}}}