One of the world’s leading home-appliance makers is looking to electric vehicles to help boost its growth, specifically infotainment systems and components that are used in cars.

South Korea’s LG Electronics Inc. aims to generate $17 billion in annual sales from its so-called vehicle solutions business by 2030, accounting for about 20% of total revenue, up from 14% in the first half of 2023, according to Chief Executive Officer William Cho. That will make it the company’s main growth engine, he said in his first media interview since taking the helm in 2021.