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
-
The United Arab Emirates (UAE), positioned at the nexus of the Middle East, has undergone a remarkable transformation, owing much to the influence of the West. Over the past decades, this influence has permeated various facets of Emirati society, shaping its economic landscape...
-
In the throes of political fervor and amid calls for postponement, the Election Commission of Pakistan (ECP) stands resolute, affirming its commitment to the democratic process. The rejection of a Senate resolution seeking a delay in the upcoming February 8 polls echoes the co...
Facebook Comments