LG Exits EV Charger Business

This is a news story, published by Yahoo Finance, that relates primarily to EV news.

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exit EV charger business

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HiEV Charger subsidiary

GlobalData

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Technology

LG to shut exit EV charger business

Summary

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68% Informative

South Korean electronics giant LG Electronics announced last week that it will exit the electric vehicle ( EV ) charger business.

The company said it plans to “focus on other solutions that will provide new experiences and value to our customers” LG had previously identified EV chargers as a significant potential growth driver for the company.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful