Tag: LG

LG Electronics exits the global solar panel market  

LG Electronics, based in South Korea, has opted to exit the global solar panel market in order to focus on other energy-related industries. The decision was authorised by LG’s board of directors in South Korea, citing the effects of rising material and logistics costs, as well as supply restrictions. In the future, the company intends to concentrate on other high-growth areas, such as energy storage systems and home energy management. 

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