SEOUL, March 8 (Yonhap) — LG Electronics Inc. has revamped its overseas auto parts production bases, industry insiders said Monday, in a move to beef up its automotive solutions business for future growth.
LG recently completed closure of its plant in Kunshan, southeastern China, which had been producing vehicle infotainment components, such as audio, video and navigation (AVN), according to industry sources.
The move was part of the company’s plan to enhance manufacturing efficiency in its automotive business, according to the sources. LG Electronics’ overseas vehicle infotainment parts production will now be handled at its plant in Haiphong, Vietnam.
With the latest decision, LG’s automotive electronics production in foreign countries will come down to two major sites, with its plant in Nanjing, China, responsible for manufacturing electric vehicle (EV) powertrain parts and the Vietnamese factory focusing on vehicle infotainment components.
On home turf, LG’s plant in Incheon, west of Seoul, has been rolling out EV powertrain parts, while its facility in Pyeongtaek, south of Seoul, has been producing components for infotainment systems.