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
-
Israel’s army has initiated a ground operation in southern Gaza’s Rafah, specifically targeting the Shaboura area. According to Gaza’s Health Ministry, 591 Palestinians, including 200 children, have been killed, and 1,042 others hav...
-
The martyrdom anniversary of the Fourth Caliph, Hazrat Ali Al-Murtaza, is being observed today with great devotion and respect across the country, including Lahore. On this occasion, mourning processions and gatherings will be held nationwide ...
Facebook Comments