LG Energy Solution's Q2 2024 consolidated revenue increased 0.5% QoQ to KRW 6.1619 trillion but decreased 29.8% YoY,

LG Energy Solution reported a 0.5% QoQ increase in Q2 2024 consolidated revenue at KRW 6.1619 trillion, but a 29.8% YoY decrease. The company's operating profit dropped 58% to KRW 195.3 billion, due to slower-than-expected EV market growth. In response, LG Energy Solution plans to optimize operations and improve profitability while continuing to pursue technological and cost competitiveness.

July 25, 2024
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