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
-
Hamas has stated that a recent UN Security Council resolution endorsing President Donald Trump’s Gaza plan does not address the political and humanitarian needs of the Palestinian people. Earlier, the UN Security Council approved the US-pr...
-
Newly-elected Prime Minister of Azad Jammu and Kashmir, Faisal Mumtaz Rathore, has officially taken the oath of office. The oath-taking ceremony was held at the President House, where the Speaker of the AJK Assembly, Chaudhry Latif Akbar, adm...
Facebook Comments