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flag LG Energy Solution reports Q2 profit surge, plans U.S. energy storage expansion amid EV challenges.

flag LG Energy Solution, a South Korean battery maker, reported a significant increase in Q2 profits despite a decline in revenue, attributing the boost to improved product mix and cost efficiency. flag The company plans to expand its energy storage system (ESS) business in the US to offset a slowdown in electric vehicle (EV) demand and tariffs. flag LG Energy Solution aims to increase its ESS battery production capacity and explore technologies like dry electrode and ultra-fast charging EV batteries.

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