[Concall] LG Energy Solution "Hybrid Sales Continue... No Change in OEM Electrification Strategy"

On the 25th, LG Energy Solution stated during its Q2 earnings conference call, "There are many uncertainties in the global situation, and the US presidential election is quite unclear, so OEMs are also adjusting their pace," adding, "In the short term, hybrid sales are expected to continue."

They continued, "It is true that the recovery in front-end market demand has slowed significantly compared to what we anticipated at the beginning of the year, but in the long run, we believe that the global eco-friendly trend and OEM electrification strategy direction remain unchanged from a mid- to long-term perspective."

LG Energy Solution said, "Nevertheless, we are closely monitoring the changing market and customer shifts, and we are flexibly preparing a response system that can improve performance even in crisis situations," adding, "It is time to calmly and systematically carry out fundamental preparations for the future. We will steadily proceed and respond to the future with differentiated strategies."

LG Energy Solution Headquarters, Yeoui-daero, Yeongdeungpo-gu, Seoul. Photo by Jinhyung Kang aymsdream@

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