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LG Energy Solution posts record Q3 sales on ESS demand
LG Energy Solution reported record quarterly sales and a 25.7 percent rise in operating profit for the third quarter, driven by growing North American energy storage system (ESS) shipments and stronger electric vehicle demand. The company posted revenue of 9 trillion 643.4 billion won ($7.11 billion) and operating profit of 756.0 billion won ($557.2 million), marking a 59 percent increase in sales and a 25.7 percent rise in operating profit year-on-year. Yonhap reports the operating profit was 7,560 billion won, up 25.7 percent from the same period last year. Maeil Business Newspaper notes that ESS business expansion pushed quarterly sales to near 10 trillion won, with production capacity fully booked through 2028 and a 40 percent surge in fourth-quarter shipments expected. Korean media highlight the strategic shift from electric vehicles to ESS as a successful bet, with North American demand growing rapidly and a 70GWh production base under construction.


















