...As for LG Electronics, in terms of 5G smartphone, we will launch both mass-premium and mass-tier products in order to secure the coming demand. From middle to low-end product, we will secure competitive edge by adopting key specification of the products based on consumer perspective and proactively utilize ODM products to expand sales in order to improve cost competitiveness. Next, VS, Vehicle Component Solutions division. Sales went down 3% year-on-year due to temporary sales decline from auto OEMs but revenue increased quarter-on-quarter driven by the EV component sales expansion, despite the sluggish demand of auto components in infotainment business. In terms of profit, operating loss continued due to depressed cost structure, mainly from stabilizing the new product mass production. This year, overall auto market is expected to be stagnant from the impact of low market demand in main areas such as North America and Europe. In terms of EV component market, volatility of demand is expected...
