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
-
Australian lawmakers have implemented landmark legislation that prohibits the performance of the Nazi salute in public and bans the display or sale of Nazi hate symbols, including the swastika. The new laws, effective from Monday, also criminalize the act of glorifying or prai...
-
Australia is now home to the largest male specimen of the world's most venomous spider, the Sydney funnel-web spider. Discovered on the Central Coast, approximately 50 miles north of Sydney, the spider was initially handed over to a local hospital but has since found a new res...
Facebook Comments