[Concall] LG Energy Solution "Expanding North America and Europe LFP ESS Supply... Expected Increase in Sales Proportion"

On the 25th, LG Energy Solution stated during its Q2 earnings conference call, "Excluding China, LG Energy Solution is the only company providing ESS LFP batteries this year," adding, "We have converted some lines in Nanjing to LFP production since the end of last year."

They continued, "We plan to expand LFP supply mainly in North America and Europe this year," and "We expect the proportion of LFP sales to gradually increase in the future."

Furthermore, they said, "To prepare for the growing demand for LFP in the ESS market, we will produce LFP long-cell batteries in the first half of 2025," and "We will secure cost competitiveness through stable material competitiveness."

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

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