LG Energy Solution sets sales record on EV, ESS growth

What happened: LG Energy Solution reported record quarterly revenue, driven by EV battery shipments in Europe and growing North American energy storage system demand. Key numbers: Revenue 9.64 trillion won ($7.21 billion), up 59 percent on-year and 27.6 percent on-quarter. Operating profit 756 billion won, up 25.7 percent on-year. Why it matters: Analysts see ESS as a key growth driver, with DB Financial Investment noting more direct competition with Tesla and Fluence Energy, and Shinyoung Securities citing US manufacturing credit benefits.

LG Energy Solution's record sales driven by EV and ESS growth signal strong demand.

LG Energy Solution's record sales driven by EV and ESS growth signal strong demand. — impact context not separately stored; see What changed.