LG Energy Solution closed 2025 facing a sharp divergence between its electric vehicle (EV) and energy storage system businesses, with slowing EV demand, particularly in North America, dragging on ...

LG Energy Solution posts KRW 23.7 trillion in consolidated revenue and KRW 1.3 trillion in operating profit in 2025 Company aims for a mid-teen to 20 percent year-on-year increase in annual revenue ...

The surge in demand for energy storage systems (ESS) in North America is fueling a competitive push among South Korea's three leading battery manufacturers—LG Energy Solution (LGES), Samsung SDI, and ...

NextStar Energy Inc, a Canadian battery manufacturing joint venture between Stellantis and South Korea’s LG Energy Solution, is switching some of its production capacity to lithium-iron-phosphate (LFP ...

LG Energy Solution is clearly positioning its energy storage system (ESS) business as a next-generation growth engine, simultaneously expanding both production and orders. As demand for ESS gradually ...

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (ESS) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today ...

Major battery maker LG Energy Solution reported a sharp rebound in operating profit last year, driven largely by the expansion of its energy storage system (ESS) business in North America, as it ...

SEOUL, South Korea, March 24, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery ...

Under consolidation, LG Energy Solution's sales last year came to 23.6718 trillion won, down 7.6% from a year earlier due to the end of U.S. electric vehicle subsidies and the resulting slowdown in EV ...

“Crackle, crackle.” On the 19th of last month in Bac Giang City, located 50 km northeast of Hanoi, the capital of Vietnam. At Seojin System’s Factory 4, two robotic arms continuously sparked welding ...

For its ESS batteries, the company started local production of its LFP [1] batteries in North America and plans to expand the form factors from pouch-type to prismatic batteries. It also enhanced its ...