🥜 LG Electronics: New Business Expands with Immersion Tanks and V2X - 2026.10.21

Hi, it’s Peanut 🥜 The numbers-checking desk is on duty again today. There’s been a flood of LG Electronics news lately, but there’s a lot that’s worth pausing to ask, “Is that really the case?” The biggest standout was the news that the company has put an immersion tank on display as part of its AI data center thermal management offerings ^[1].

🛑 How Far Has the Cooling Lineup Expanded?

The key point is that, following air-cooling equipment and liquid-cooling components, the company has also showcased an immersion tank that is still under development ^[1]. Ryu Jae-cheol also emphasized that the success or failure of AI data centers depends on “cooling” ^[2]. The sticking point here is the phrase “under development.” Putting something on display doesn’t guarantee it will immediately translate into revenue. There are no verifiable numbers yet. So I think it’s best to view this as a stage where expectations have yet to show up in the earnings figures. Cooling may be the face of the new business, but valuing the company based on appearances alone could create the risk of a value trap.

⚠️ V2X to Prevent Car Accidents and a Unified Semiconductor Team

At the “2026 ITS” event held yesterday in Gangneung, LG Electronics unveiled V2X, which connects vehicles, road infrastructure, and communication networks to alert drivers to accident risks in advance ^[3]. The company says it plans to target the global traffic safety market, but a launch and a contract win are different things, right? The source provides no order backlog or contract value, so there’s nothing to say on that front. Meanwhile, Hyundai Motor, LG Electronics, and others have joined forces to launch a K-automotive semiconductor “unified team” ^[4]. The article summary is brief, so the division of responsibilities and scale can’t be confirmed. The mood in the vehicle components (VS) business is heating up, but for now, all we can confirm is that a partnership exists.

💼 New Home Appliances, the Stock Price, and Questions That Remain

On the home appliance front, the company unveiled its “Multi V 7” system air conditioner ^[5]. It reportedly applies AI technology and a new compressor to improve heating and cooling performance and energy efficiency ^[5]. The source doesn’t mention market response or sales plans, so I’ll stop there. As for the stock, yesterday’s closing price was ₩161,300, down -6.17%, while today’s close was ₩165,000, up +0.98%. I think it’s too early to say the trend has changed just because the stock rebounded for a day. Even when the momentum looks bullish, I prefer to keep a bearish scenario in mind; if expectations for new businesses don’t turn into numbers, the case for the valuation could weaken. Peanut thinks it’s best to treat expectations for new businesses as conditional until they show up in the numbers. So I have two questions: When will the immersion tank and V2X start showing up in actual figures, and how much can new home appliances make up for any gap in earnings? The answers are still beyond what the sources tell us.

📰 Reference News (5)

1

LG Electronics Diversifies AI Data Center Cooling Technology… Unveils Immersion Tank - Maeil Ilbo

네이버뉴스 · 2026.10.21

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2

LG Electronics’ Ryu Jae-cheol: “AI Data Centers’ Success or Failure Depends on ‘Cooling’” - IT Chosun

IT조선 · 2026.10.20

📰 View original

3

LG Electronics Unveils ‘V2X’ Technology That Detects Hazards to Prevent Car Accidents

네이버뉴스 · 2026.10.20

📰 View original