{"id":22158,"date":"2025-04-30T14:28:27","date_gmt":"2025-04-30T07:28:27","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=22158"},"modified":"2025-04-30T14:28:27","modified_gmt":"2025-04-30T07:28:27","slug":"lg-energy-solution-releases-2025-first-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=22158","title":{"rendered":"LG Energy Solution Releases 2025 First-Quarter Financial Results"},"content":{"rendered":"<ul type=\"disc\">\n<li>LG Energy Solution posts <span class=\"xn-money\">KRW 6.3 trillion<\/span> in consolidated revenue and <span class=\"xn-money\">KRW 375 billion<\/span> in operating profit in Q1 2025<\/li>\n<li>Company returns to profitability through rigorous cost-cutting efforts<\/li>\n<li>Company to focus on operational efficiency, cost reduction, and strategic business opportunities to cope with impacts from regulatory transitions this year<\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SEOUL, South Korea<\/span>, April 30, 2025 \/PRNewswire\/ &#8212;\u00a0LG Energy Solution (KRX: 373220) today announced its first-quarter earnings for 2025, turning a profit through rigorous cost-cutting efforts.<\/span><\/p>\n<p>The company posted consolidated revenue of <span class=\"xn-money\">KRW 6.3 trillion<\/span>, a 2.9 percent decrease quarter-on-quarter and 2.2 percent increase year-on-year. The operating profit was KRW<\/p>\n<p>375 billion with an EBITDA<sup>[1] <\/sup>margin of 20 percent, marking a turn around to profitability. The operating profit includes the IRA tax credit amount of <span class=\"xn-money\">KRW 458 billion<\/span>. \u00a0<\/p>\n<p>&#8220;In the first quarter, we demonstrated solid shipments to <span class=\"xn-location\">North America<\/span> and for newly launched EV models. However, as automakers continued their conservative approach to inventory management, our quarterly revenue declined compared to the last quarter,&#8221; said <span class=\"xn-person\">Chang Sil Lee<\/span>, CFO of LG Energy Solution. &#8220;Nevertheless, we successfully returned to profitability in the first quarter as our efforts to reduce material costs and enhance cost efficiency came to fruition, with one-off items reflected in the previous quarter no longer playing base effect into Q1 profit,&#8221; Lee added.\u00a0<\/p>\n<p>In the first quarter, LG Energy Solution has reallocated its production capacity in <span class=\"xn-location\">North America<\/span> to better respond to market demands and address ongoing uncertainties. Namely, the company put the construction of its ESS battery plant in <span class=\"xn-location\">Arizona<\/span> on hold and instead decided to first utilize the existing production capacity at its plant in <span class=\"xn-location\">Michigan<\/span>, aiming to start producing LFP (lithium, iron, phosphate) batteries for ESS this year, a year earlier than planned.<\/p>\n<p>Also, the company is in the process of acquiring the GM JV phase 3 in <span class=\"xn-location\">Michigan<\/span>, which would significantly expand its footprint in <span class=\"xn-location\">North America<\/span>. This move will also maximize the utilization of investments already undertaken by minimizing the facility&#8217;s downtime.<\/p>\n<p>Alongside this strategic adjustment, LG Energy Solution continued to make notable achievements in both the EV and ESS businesses based on its strong product competitiveness. The company successfully expanded its customer portfolio for 46-Series cylindrical batteries to legacy automakers by securing a new 10GWh (annual) order from an established automaker in <span class=\"xn-location\">North America<\/span>. It also won contracts from Polska Grupa Energetyczna (PGE) for grid-scale ESS batteries in <span class=\"xn-location\">Europe<\/span> and Delta Electronics for residential ESS batteries (4GWh) in the U.S. The company also ventured into new applications, including solar EVs and offshore wind farms, as well as establishing its first European battery recycling joint venture facility with Derichebourg in <span class=\"xn-location\">France<\/span>, which will establish 20,000 tons of annual preprocessing capacity to meet the EU&#8217;s battery recycling regulations and secure a metal supply chain.<\/p>\n<p>Moving forward, as regulatory transitions such as U.S. tariffs and the EU&#8217;s industrial action plan for the automotive sector are expected to affect the battery industry broadly, LG Energy Solution will concentrate on streamlining operations and reducing costs this year, while actively pursuing strategic business opportunities.<\/p>\n<p>It will focus on indispensable investments and proactively adjust the scale and speed of capacity expansion in response to changing market demands. It will also take a cautious approach to managing inventory for EV batteries, while accelerating the revenue expansion in its ESS business, which holds relatively higher growth potential.<\/p>\n<p>At the same time, LG Energy Solution will continue to cultivate strategic business opportunities by continuing to secure future demands from its key customers with new products, including 46-Series cylindrical batteries. Simultaneously, it will proactively discover new applications for its cylindrical batteries, such as humanoid robots and drones.<\/p>\n<p>To mitigate the impact of tariffs, the company will promote the local production of raw materials by collaborating with material companies entering <span class=\"xn-location\">North America<\/span>. It will also accelerate the development and adoption of new technologies, such as dry electrodes, to lower production costs.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prnpr2 prnpl2 prnsbtb1 prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[1]\u00a0<\/sup>EBITDA: Earnings before interest and tax<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p class=\"prntac\">#\u00a0 #\u00a0 #<\/p>\n<p><b>About LG Energy Solution<br \/><\/b>LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&amp;D), the company is the top battery-related patent holder in the world with over 69,600 patents. Its robust global network, which spans North America,\u00a0Europe,\u00a0and <span class=\"xn-location\">Asia<\/span>, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution&#8217;s ideas and innovations, visit <a href=\"https:\/\/news.lgensol.com\/\" target=\"_blank\" rel=\"nofollow\">https:\/\/news.lgensol.com<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<ul type=\"disc\">\n<li>LG Energy Solution posts <span class=\"xn-money\">KRW 6.3 trillion<\/span> in consolidated revenue and <span class=\"xn-money\">KRW 375 billion<\/span> in operating profit in Q1 2025<\/li>\n<li>Company returns to profitability through rigorous cost-cutting efforts<\/li>\n<li>Company to focus on operational efficiency, cost reduction, and strategic business opportunities to cope with impacts from regulatory transitions this year<\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SEOUL, South Korea<\/span>, April 30, 2025 \/PRNewswire\/ &#8212;\u00a0LG Energy Solution (KRX: 373220) today announced its first-quarter earnings for 2025, turning a profit through rigorous cost-cutting efforts.<\/span><\/p>\n<p>The company posted consolidated revenue of <span class=\"xn-money\">KRW 6.3 trillion<\/span>, a 2.9 percent decrease quarter-on-quarter and 2.2 percent increase year-on-year. The operating profit was KRW<\/p>\n<p>375 billion with an EBITDA<sup>[1] <\/sup>margin of 20 percent, marking a turn around to profitability. The operating profit includes the IRA tax credit amount of <span class=\"xn-money\">KRW 458 billion<\/span>. \u00a0<\/p>\n<p>&#8220;In the first quarter, we demonstrated solid shipments to <span class=\"xn-location\">North America<\/span> and for newly launched EV models. However, as automakers continued their conservative approach to inventory management, our quarterly revenue declined compared to the last quarter,&#8221; said <span class=\"xn-person\">Chang Sil Lee<\/span>, CFO of LG Energy Solution. &#8220;Nevertheless, we successfully returned to profitability in the first quarter as our efforts to reduce material costs and enhance cost efficiency came to fruition, with one-off items reflected in the previous quarter no longer playing base effect into Q1 profit,&#8221; Lee added.\u00a0<\/p>\n<p>In the first quarter, LG Energy Solution has reallocated its production capacity in <span class=\"xn-location\">North America<\/span> to better respond to market demands and address ongoing uncertainties. Namely, the company put the construction of its ESS battery plant in <span class=\"xn-location\">Arizona<\/span> on hold and instead decided to first utilize the existing production capacity at its plant in <span class=\"xn-location\">Michigan<\/span>, aiming to start producing LFP (lithium, iron, phosphate) batteries for ESS this year, a year earlier than planned.<\/p>\n<p>Also, the company is in the process of acquiring the GM JV phase 3 in <span class=\"xn-location\">Michigan<\/span>, which would significantly expand its footprint in <span class=\"xn-location\">North America<\/span>. This move will also maximize the utilization of investments already undertaken by minimizing the facility&#8217;s downtime.<\/p>\n<p>Alongside this strategic adjustment, LG Energy Solution continued to make notable achievements in both the EV and ESS businesses based on its strong product competitiveness. The company successfully expanded its customer portfolio for 46-Series cylindrical batteries to legacy automakers by securing a new 10GWh (annual) order from an established automaker in <span class=\"xn-location\">North America<\/span>. It also won contracts from Polska Grupa Energetyczna (PGE) for grid-scale ESS batteries in <span class=\"xn-location\">Europe<\/span> and Delta Electronics for residential ESS batteries (4GWh) in the U.S. The company also ventured into new applications, including solar EVs and offshore wind farms, as well as establishing its first European battery recycling joint venture facility with Derichebourg in <span class=\"xn-location\">France<\/span>, which will establish 20,000 tons of annual preprocessing capacity to meet the EU&#8217;s battery recycling regulations and secure a metal supply chain.<\/p>\n<p>Moving forward, as regulatory transitions such as U.S. tariffs and the EU&#8217;s industrial action plan for the automotive sector are expected to affect the battery industry broadly, LG Energy Solution will concentrate on streamlining operations and reducing costs this year, while actively pursuing strategic business opportunities.<\/p>\n<p>It will focus on indispensable investments and proactively adjust the scale and speed of capacity expansion in response to changing market demands. It will also take a cautious approach to managing inventory for EV batteries, while accelerating the revenue expansion in its ESS business, which holds relatively higher growth potential.<\/p>\n<p>At the same time, LG Energy Solution will continue to cultivate strategic business opportunities by continuing to secure future demands from its key customers with new products, including 46-Series cylindrical batteries. Simultaneously, it will proactively discover new applications for its cylindrical batteries, such as humanoid robots and drones.<\/p>\n<p>To mitigate the impact of tariffs, the company will promote the local production of raw materials by collaborating with material companies entering <span class=\"xn-location\">North America<\/span>. It will also accelerate the development and adoption of new technologies, such as dry electrodes, to lower production costs.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prnpr2 prnpl2 prnsbtb1 prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><sup>[1]\u00a0<\/sup>EBITDA: Earnings before interest and tax<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p class=\"prntac\">#\u00a0 #\u00a0 #<\/p>\n<p><b>About LG Energy Solution<br \/><\/b>LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&amp;D), the company is the top battery-related patent holder in the world with over 69,600 patents. Its robust global network, which spans North America,\u00a0Europe,\u00a0and <span class=\"xn-location\">Asia<\/span>, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution&#8217;s ideas and innovations, visit <a href=\"https:\/\/news.lgensol.com\/\" target=\"_blank\" rel=\"nofollow\">https:\/\/news.lgensol.com<\/a>.<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-22158","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/22158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22158"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/22158\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}