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
-
In a striking display of skill, Spain secured a commanding 4-1 victory against the world number 3 team, India. The Spanish team made an impactful start, with Pol Cabre Verdiell scoring a sensational reverse shot just a minute into the game. Andreas Rafi extended Spain's...
-
In a move that sparked condemnation from rights and aid organizations, the United States vetoed a U.N. Security Council draft resolution on Friday. The resolution, which enjoyed nearly unanimous support from member states, called for an immediate cease-fire in Gaza and the ...
Facebook Comments