Pinwan, October 26, according to Techweb reports, LG New Energy’s financial report released on Wednesday showed that LG New Energy’s revenue in the third quarter was 7.648 trillion won, an increase of 89.9% year-on-year and a month-on-month increase of 50.8%.
The financial report shows that LG New Energy’s operating profit for the quarter was 522 billion won, an increase of 166.8% from the previous quarter. LG New Energy’s CFO said they increased shipments of electric vehicle batteries, which boosted their revenue, thanks to increased demand from North American and European markets, North American grid energy storage systems and newly launched IT equipment Rising demand for batteries also contributed to their strong third-quarter results.
media coverage
IT Home TechWeb Product Play
Related events
- LG New Energy’s third-quarter revenue exceeds $ 5.3 billion2022-10-26
- LG New Energy plans to have 6 factories in North America by 20252022-10-01
- LG New Energy has reached cooperation with three Canadian cobalt and lithium suppliers to strengthen the battery material supply chain in North America2022-09-23
- Hyundai Motor and LG New Energy Indonesia Joint Venture Battery Plant Receives US$710 Million Loan2022-08-22
- Samsung Electronics Q2 sales of 77.20 trillion won, a year-on-year increase of 21% 2022-07-28
This article is reprinted from: https://readhub.cn/topic/8kqxlk0QfGs
This site is for inclusion only, and the copyright belongs to the original author.