LG Display said that the company's automotive organic light-emitting diode business is facing difficulties due to weak electric vehicle sales and delays in mass production plans for some new models by European car companies. However, the company anticipates that this business will gradually stabilize as the scale of mass production of the winning projects gradually expands. On October 22, Son Gihwan, head of automotive marketing and product planning at LG Display, stated in the company's third quarter earnings conference call: “The market environment in which the automotive display business is located is still full of challenges, both from the demand side and from the perspective of industry competition.” LG Display is still optimistic about the strong medium- to long-term growth potential brought about by the increased penetration rate of in-vehicle displays and the increase in screen size.

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