LG Energy Solution swings back to profit as storage batteries fill EV gap
- Source
- The Korea Herald - Business
- Source link
- https://www.koreaherald.com/article/10825703
- Published
- 2026-07-30 13:00:15
- Discovered by ProcIntel
- 2026-07-31 10:55:31
- Category
- Procurement & Supply Chain News
- Geography
- South Korea
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
LG Energy Solution returned to an operating profit in the second quarter, snapping two consecutive quarterly losses as the conversion of idle electric-vehicle lines to energy storage systems gained traction. The company said Thursday that April-June revenue rose 24.8 percent from a year earlier to 7.56 trillion won ($5.19 billion) and 15.3 percent from the previous quarter. Operating profit came to 113.3 billion won, down 77 percent on-year, but reversing a 207.8 billion won loss in January-Marc
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.