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
-
On the occasion of the 39th SAARC Charter Day, Caretaker Prime Minister Anwaar-ul-Haq Kakar conveyed his optimism for the resolution of issues hindering the revival of the South Asian Association for Regional Cooperation (SAARC). In a greetings message, PM Kakar reiterated Pak...
-
The Organization of Islamic Cooperation (OIC) issued a strong condemnation of the Israeli occupation forces for deliberately targeting press and media workers, along with their families, in the occupied Palestinian territories. The most recent incident involved the assassinati...
Facebook Comments