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 bid to bolster domestic demand and fortify its economic foundations, China's newly appointed Finance Minister, Lan Foan, has announced ambitious plans to expand government spending in 2024. The move comes as part of Beijing's proactive strategy to stimulate economic growt...
-
In a world grappling with escalating energy demands, climate change concerns, and the finite nature of traditional resources, the imperative for discovering and harnessing new sources of energy has never been more critical. This article explores the pressing need for diversify...
Facebook Comments