LG Energy Solution Achieves Record Quarterly Sales of KRW 7.6482 Trillion

Operating Profit of 970 Billion Won by Q3... First 1 Trillion Won Operating Profit in Sight This Year

[Asia Economy Reporter Jeong Dong-hoon] LG Energy Solution, the largest electric vehicle battery company in Korea, achieved record-high sales thanks to the exchange rate effect and strong electric vehicle sales.

LG Energy Solution announced on the 26th that its consolidated sales for the third quarter of this year reached 7.6482 trillion KRW, an increase of 89.9% compared to the same period last year, and operating profit turned positive to 521.9 billion KRW compared to an operating loss of 372.8 billion KRW in the same period last year. Net profit also turned positive to 187.7 billion KRW.

The third-quarter sales represent the highest quarterly performance ever. Operating profit is also the best performance except for the second quarter of last year (724.3 billion KRW), which included one-time factors such as license fee settlements and provisions.

LG Energy Solution also announced that it will raise its annual sales target to 25 trillion KRW this year.

This content was produced with the assistance of AI translation services.