Economy
Business·Industry
“Long-Cycle Sodium Battery Technology for ESS Verified… Discussions on Commercialization Underway”—LG Energy Solution Conference Call
“Sodium-ion batteries, which are well-suited for the long-duration energy storage system (ESS) market, have completed technical validation with our clients on a scale of hundreds of megawatt-hours (MW…
Business·Industry
“Chinese ESS Companies Face Limited Expansion in U.S. Market… Strengthening Local Production and SI Capabilities”—LG Energy Solution Conference Call
“Due to U.S. regulations regarding Foreign Entities of Concern (FEOC), it is difficult for Chinese companies to secure benefits such as the Advanced Manufacturing Production Credit (AMPC) or the Inves…
Business·Industry
“AI Data Center Power Grid Bottleneck… Discussions with Big Tech on BTM Business”—LG Energy Solution Conference Call
“As investment in AI data centers expands, reliance on aging transmission and distribution networks and delays in grid connections are emerging as major risks. Options currently under discussion inclu…
Business·Industry
“Q3 Revenue Grows Over 20%… ESS to Achieve Self-Sustaining Profitability in Q4”—LG Energy Solution Conference Call
“Third-quarter revenue is expected to grow by more than 20% compared to the previous quarter, driven by expanded ESS production in North America and increased shipments of cylindrical and pouch batter…
Business·Industry
“Ultium Cells Plant 1 to Resume Operations in Q3… Production to Expand in Q4”—LG Energy Solution Conference Call
“Although we suspended production at Ultrium Cells’ Plant 1 this year, we are currently preparing to resume operations on a shift basis. We plan to restart operations at the plant during the third qua…
Business·Industry
“Demand for the 46 Series Continues to Grow… North American Production to Expand Starting in Q3”—LG Energy Solution Conference Call
“Cylindrical battery shipments are increasing quarter by quarter, driven by a recovery in European EV demand and expanding sales of long-range models in Asia. Clients are also planning to expand produ…
Business·Industry
“Electric Vehicle Demand Recovery Slower Than Expected… New Orders to Be Concentrated in the Second Half”—LG Energy Solution Conference Call
“The pace of demand recovery in the electric vehicle market is slower than initially expected. Factors such as the timing of environmental regulations in various countries and policy changes are affec…
Business·Industry
LG Corp. Returns to Profit After Three Quarters, Driven by ESS… Accelerates Production Expansion in North America (Comprehensive)
LG Energy Solution returned to profitability after three quarters, driven by growth in its energy storage system (ESS) business. As idle production capacity increased due to slowing demand for electri…
Business·Industry
LGELECTRONICS Creates Large Curved Screen Using 72 OLED Panels… Exhibition at the National Museum of Modern and Contemporary Art
LGELECTRONICS is creating a large-scale curved display using 72 55-inch organic light-emitting diode (OLED) screens to bring an installation art piece at the National Museum of Modern and Contemporary…
Business·Industry
L&K BIOMED CO., LTD.: “Amended Global Distribution Agreement for Spinal Implants… Simultaneously in Discussions with Other Global Companies”
“There have been changes to the distribution agreement with a global company that we have been pursuing. While discussions regarding a distribution agreement in the U.S. have been suspended due to a s…