Latest
LG Energy Solution Surges in North America with Expanding ESS Business
LG Energy Solution is rapidly expanding its North American footprint beyond electric vehicle (EV) batteries, focusing on the surging Energy Storage Systems (ESS) sector amid increasing renewable energy generation. In the first to third quarters of the previous year, LG Energy Solution Vertech, the company's ESS subsidiary, reported a staggering 289.0% increase in sales, reaching 1.097 trillion won (US$833.5 million). Notably, the third quarter marked a significant turnaround, with the company achieving a net income of 81 billion won, a remarkable shift from the previous year's net loss of 93 billion won.
About The Author
Zabitah is a digital space dedicated to fostering open dialogue, understanding, and progress in our ever-evolving society. Zabitah believes in the power of unbiased information, constructive conversations, and diverse perspectives to shape a better tomorrow.
You Might Also Like
-
Nestled in Southeast Asia, Vietnam is a captivating country that seamlessly weaves together a rich tapestry of culture, history, and natural beauty. From bustling cities to serene landscapes, Vietnam has emerged from a turbulent past to become a vibrant and resilient nation th...
-
Nestled in Southeast Asia, Cambodia unfolds as a captivating blend of history, culture, and natural beauty. The Angkor Wat complex, a UNESCO World Heritage site, showcases the grandeur of the Khmer Empire, while Phnom Penh, the capital, harmonizes tradition with modernity th...
Facebook Comments