[Concall] LG Energy Solution "Battery Sales to Increase by 50% Year-on-Year This Year"
[Asia Economy Reporter Hwang Yoon-joo] LG Energy Solution, responsible for LG Chem's electric vehicle battery business, stated in its Q4 earnings conference call on the 27th that "this year's sales in the electric vehicle battery business will grow by more than 50% compared to the previous year."
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They added, "In the second half of last year, electric vehicle sales increased in the US and Europe, and with the diversification of the battery portfolio, last year's sales grew by 50%. Additionally, yield stabilization and productivity improvements led to enhanced profitability."
This content was produced with the assistance of AI translation services.
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