LG Energy Solution Reports ESS-Driven Profit Rebound

LG Energy Solution reported a 134% year-on-year rise in operating profit to 1.35 trillion won last year, despite a 7.6% decline in sales to 23.7 trillion won. The company credited early North American ESS mass production and conversion of idle EV battery lines for improved efficiency, and plans to double ESS capacity to 60 GWh in 2026 while cutting new-facility investment by over 40%.