EV battery giant LG Energy Solution sees sales up 8 per cent in 2022

SEOUL: Battery maker LG Energy Solution Ltd said on Tuesday it aims to boost sales by about 8 per cent in 2022, seeing a pick-up in market conditions for electric vehicle batteries as a global chip shortage likely eases later in the year.

That compares with a ₩150 billion won profit estimate by two analysts polled by Refinitiv and a loss of ₩479 billion in the same period a year earlier. "LGES will continue to move forward with bold investment plans needed in the long run. We are confident our business model of preparing for the future will definitely help us lead the industry," LGES chief executive officer Youngsoo Kwon said in a statement.

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EV battery giant LG Energy Solution sees sales up 8per cent in 2022SEOUL : Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8per cent in 2022, seeing a pick-up in market conditions for electric vehicle (EV) batteries as a global chip shortage likely eases later in the year.The newly listed South Korean firm, which accounts for a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

EV battery giant LG Energy Solution sees sales up 8per cent in 2022SEOUL : Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8per cent in 2022, seeing a pick-up in market conditions for electric vehicle (EV) batteries as a global chip shortage likely eases later in the year.The newly listed South Korean firm, which accounts for a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »