[Concall] LG Energy Solution "Order backlog of 370 trillion KRW as of end of last month... North America accounts for 70%"

Regarding Arizona Factory Investment Review, "No Decision Made"

[Asia Economy Reporter Donghoon Jeong] LG Energy Solution announced that its value increased by 110 trillion KRW from 260 trillion KRW at the end of last year to 370 trillion KRW as of the end of last month, stating that "the North American share accounts for 70%."

Lee Chang-sil, Executive Vice President and CFO of LG Energy Solution, revealed this during the LG Energy Solution Q3 earnings conference call on the 26th, adding, "Both sales and profits next year will be significantly better than this year."

He continued, "In Q3 this year, profitability across all product lines improved due to economies of scale from sales growth, price increases reflecting the rise in key raw material costs such as metals, and productivity improvements," and added, "Additionally, the favorable exchange rate environment due to the strong dollar also contributed significantly to the performance improvement."

Regarding the full review of investment in the Arizona plant in the United States, he stated, "We are carefully reviewing it, but no decisions have been made yet," and disclosed that LG Energy Solution plans to re-announce related details either when they are finalized or within six months. Due to the surge in investment costs caused by the deteriorating business environment, LG Energy Solution is reconsidering its investment plan to build a standalone battery factory in the U.S. with an investment of 1.7 trillion KRW.

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