Friday, 24 March, 2023

LG decides to exit solar panel industry due to rising material costs, supply constraints

<p>Due to growing material costs, supply chain restrictions, and increased cost, LG Electronics has announced its retirement from the solar panel industry. The decision comes as concerns in the global solar panel sector continue to rise as a result of a variety of contributing factors, including increased price competition and rising raw material costs. LG&#39;s solar panel sales will begin to decline next month, with the company closing entirely at the end of June.</p>