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
-
Pakistan's Junior Hockey team has successfully qualified for the quarter-finals in the ongoing World Cup in Kuala Lumpur, Malaysia, following a 1-1 draw against Belgium. Arbaz Ahmad's penalty corner goal in the third quarter equalized the score after Belgium took th...
-
In a captivating showdown, India secured 9th place at the FIH Hockey Women’s Junior World Cup 2023 by defeating the USA in a thrilling contest. The game, which ended 2-2 after regulation time and extended into sudden death after five shootouts, showcased intense compe...
Facebook Comments