LG TO SHARE FUTURE VISION FOR ON-THE-ROAD EXPERIENCES AT IAA MOBILITY 2023

Rhea-AI Summary

LG Electronics will unveil its vision for the future of mobility at IAA Mobility 2023 in Munich, Germany. The press conference will showcase LG's in-vehicle experiences and advanced mobility ecosystem. LG aims to boost sales and solidify its position as a top-tier global company in the mobility industry.

Positive

• LG Electronics will unveil its vision for the future of mobility at IAA Mobility 2023, which could generate excitement and attract potential investors. The press conference will showcase LG's advanced mobility ecosystem, highlighting its unique competitiveness in the industry. This could positively impact LG's stock price in the short term.

Negative

• None.

Company Aims to Outline Its Vision for Future Mobility at First-Ever Press Conference in Munich, Germany

SEOUL, South Korea, Aug. 1, 2023 /PRNewswire/ -- LG Electronics (LG) announced today that it will unveil its vision for the future of mobility at IAA Mobility 2023 in Munich, Germany.

On September 4, the day before IAA Mobility (September 5-10) opens its doors, the company will hold a press conference on the Main Stage (Hall A1) at the Messe München exhibition center during IAA Media Day, which will give the opportunity to learn how LG is "Taking Life's Good on the Road" in person.

Presenting at IAA Mobility for the first time, LG will provide its vision of the in-vehicle experiences of the future and illustrate the highly advanced mobility ecosystem the company proposes to its partners and customers.

This press conference holds great significance as the Vehicle component Solutions Company's business has emerged as LG's primary business and driving growth engine. LG has already been recognized for its unique competitiveness across various industries. The company leverages the customer insights and customer experience know-how it has accumulated through its home appliances and IT products to expand into the mobility sector.

During a press conference held in South Korea in July, the company declared its transition to a "Smart Life Solution Company" and emphasized its commitment to actively responding to ever-evolving automobile trends. With its customer-oriented DNA embodied from the B2C business, LG aims to boost sales and solidify its position as a top-tier global company in the mobility industry.

The IAA Mobility 2023 press conference will be livestreamed on the company's website and LG Global YouTube channel.

About LG Electronics, Inc.

LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG's four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global revenue of over KRW 80 trillion in 2022. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, service robots, automotive components and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.

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SOURCE LG Electronics

FAQ

What will LG unveil at IAA Mobility 2023?

LG Electronics will unveil its vision for the future of mobility.

Where will the press conference be held?

The press conference will be held at the Messe München exhibition center in Munich, Germany.

Will the press conference be livestreamed?

Yes, the press conference will be livestreamed on LG's website and YouTube channel.

What is LG's goal in the mobility industry?

LG aims to boost sales and solidify its position as a top-tier global company in the mobility industry.