26
Oct
14:56
LGES posts record revenue in Q3 as it gears up for North America expansion
South Korean battery manufacturer LG Energy Solution (LGES) reported Wednesday a 90% growth in annual revenue in Q3 2022 boosted by improved EV battery demand in EU and North America.
Revenue rose to KRW 7.64 trillion ($5.38 billion) – a record-high quarterly figure – supported by the sale of energy storage systems (ESS) for power grids in North America and newly launched IT devices.
Net profit was down 8.73% y-o-y at KRW 188 billion, but the compan…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous