LG Group has set up 365,438+0 research centers in six countries around the world, and R&D investment has accounted for 5% of the group's total revenue. Through overseas research institutions, we are further strengthening our technical strength. Its subsidiaries are: LG Electronics, LG Display, GS Caltex, LG Chemical, LG Life and Health, etc. , covering chemical energy, electronic appliances, communications and services.
The development of LG Group.
LG Chem, a subsidiary of LG Group, is also famous. With the rise of the new energy vehicle market, the power battery, the power source of electric vehicles, has also ushered in development opportunities.
Among the global power battery enterprises, the most influential ones are Panasonic of Japan, LG Chem of South Korea and SDI of Samsung. Due to excellent product quality, sufficient output and low price, South Korea's LG Chem has always had long-term cooperative relations with many automobile brands such as Hyundai, Renault and GM.
At first glance, the electronic business of LG electric vehicles is quite huge, but in fact it is a loss. Although the revenue in 20 17 was 3.4 trillion won (about 3.05 billion US dollars), there was also an operating loss of more than10 billion won, and the performance was even worse than that in 20 16 years. In the quarter of 20 18, there was also a loss of 1 700 million won.
In the panel business, LG Display(LG Display；; LGD) suffered its first loss in six years in 1 quarter of 20 18, and the situation in the second quarter is still not optimistic; The decrease in the profit of LCD business indirectly hinders the investment planning of organic light-emitting diode business, and the organic light-emitting diode business, as the main business of LGD, has not been profitable.
With the increasing demand for high-end consumer electronics products such as high-end TVs, smart wearable devices and smart phones, the market scale of organic light-emitting diode screens is also expanding. Some organizations predict that the global OLED panel market will reach about 4136 million USD in 2022. IHS predicts that the global organic light-emitting diode market will reach 25.2 billion US dollars this year, an increase of 63% over the previous year.
Baidu encyclopedia -LG group