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LG Energy Solution reports Q2 profit surge, plans U.S. energy storage expansion amid EV challenges.
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.
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.
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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LG Energy Solution informa un aumento en las ganancias del segundo trimestre, planea la expansión del almacenamiento de energía en los Estados Unidos en medio de los desafíos de los EV.