Battery maker LG Energy profit declines
Battery maker LG Energy profit declines as global EV sales slump
To reduce its reliance on EVs, LG Energy said it plans to more than double sales by 2028 by expanding businesses such as energy storage systems.
(2nd LD) LG Energy Q3 operating profit falls 39 pct amid EV slowdown
Operating profit for the three months ended in September is estimated to have plunged to 448.3 billion won (US$332 million) from 731.2 billion won in the same period of last year, LGES said in a statement. LEGS sees the global EV markets are in a stagnation phase, known as the "chasm," which is occurring before the widespread adoption of EVs.
LG Energy Solution to supply EV batteries to Mercedes-Benz affiliate in North America
South Korea's LG Energy Solution said on Tuesday it signed a deal to supply electric vehicle batteries to a Mercedes-Benz affiliate in North America and other regions. The battery maker said in a regulatory filing it would supply 50.
LG Energy Q3 operating profit falls 39% amid EV slowdown
Korea's leading battery maker, said Tuesday its third-quarter operating profit fell 39 percent from a year earlier amid slowing sales of electric vehicles.
LG Energy Solution inks battery deal with Mercedes amid profitability struggles
LG Energy Solution sealed a 10-year battery supply deal with Mercedes-Benz as the Korean battery maker struggles to defend its profitability amid faltering EV demand in global markets.
LG Energy Solution Secures 10-Year EV Battery Supply Deal with Mercedes-Benz
LG Energy Solution Signs Major EV Battery Deal with Mercedes-Benz South Koreas LG Energy Solution has signed a major agreement to supply electric vehicle (EV) batteries to a Mercedes-Benz affiliate in North America
(LEAD) LG Energy Q3 operating profit falls 39 pct amid EV slowdown
Q3 earnings guidance SEOUL, Oct. 8 (Yonhap) -- LG Energy Solution Ltd. (LGES), South Korea's leading battery maker, said Tuesday its third-quarter operating profit fell 39 percent from a year earlier amid slowing sales of electric vehicles.
LG Energy Solution to supply batteries to Mercedes-Benz affiliate in North America
South Korea's LG Energy Solution (LGES) said on Tuesday it signed a deal to supply electric vehicle (EV) batteries to a ...
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LG Energy Solution presents new comprehensive battery strategy
LG Energy Solution has presented its first official corporate strategy "Empower Every Possibility." LGES aims to expand its ...
LG Energy Solution wins 10-year battery supply deal from Mercedes
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LG Chem's Solution for Thermal Runaways Is a Palliative
Although the idea seems to prevent massive thermal runaway events, it does not attack the core issue of lithium-ion batteries ...
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Empower Every Possibility: LG Energy Solution Unveils Corporate Vision, Announces Mid-to-Long-Term Business Strategies
LG Energy Solution plans to stand at the center of the entire circular energy ecosystem, unlocking limitless business opportunities The company aims to lead market as a comprehensive energy ...
LG Energy Solution pledges to double sales by 2028
LG Energy Solution on Monday vowed to double its annual sales by 2028 based on expanding and diversifying battery businesses ...