LG has published another Android 11 roadmap, this time for Germany. Only two devices, the Velvet 5G and G8X will receive the OS upgrade before Q3 2021. Additionally, the LG Wing must wait until Q4 2021 at the earliest for Android 11, which will be long after Google releases Android 12.
https://www.notebookcheck.net/LG-does-nothing-to-dispel-its-terrible-reputation-for-delivering-updates-with-its-latest-Android-11-roadmap.527239.0.html
Since android 11 is the single worst thing to happen to android phones ever, I would say they are smart for delaying. Don't do it LG! It's terrible!