The demand for electric vehicles is increasing with the improvement of automobile intelligence and development and manufacturers like Samsung and LG is taking innovation to a very high level with their new offerings and technologies.
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As of now, there are various companies that are developing automotive electronics and the competition is becoming more and more assertive. So to uphold its existence in the market Samsung Electronics reportedly increased its electric vehicle business.
According to the latest report, Samsung Electronics and LG Electronics, two manufacturers that have been competing in the field of electronic products for a long time, will now compete in the field of automotive electronics with all their measures.
LG Electronics and its subsidiaries will reflect their emphasis on the automotive electronics business at CES 2023 and it has also planned to showcase components for autonomous driving and electric vehicles. On the other side, Samsung Electronics is also advancing its business of electric vehicles to compete nicely with LG Electronics.
Moving on, Samsung Electronics has shifted its growth axis from mobile device parts to auto parts and now they are also focusing on strengthening automotive electronics to improve its business competitiveness currently the Korean tech firm has a number of companies involved in automotive electronics-related businesses.
