[Concall] LG Energy Solution "Order Backlog Exceeds 500 Trillion Won"

On the 10th, LG Energy Solution headquarters on Yeouidaero, Yeongdeungpo-gu, Seoul. Photo by Jinhyung Kang aymsdream@

A representative from LG Energy Solution stated during the Q3 earnings conference call on the 25th, "As of October, our order backlog exceeds 500 trillion won," adding, "We are discussing various collaborations with both new and existing customers. In particular, we are in contact with multiple customers regarding high-voltage mid-nickel products."

Regarding the impact of the United Auto Workers (UAW) strike in the United States, the representative said, "The union strike is mainly focused on internal combustion engines, and it appears to have little effect on the electric vehicle sales of our client companies."

However, they noted, "If the strike prolongs or wage increases expand, it could affect the profitability of OEMs (original equipment manufacturers), raising concerns about a potential domino effect."

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