LG Energy Solution says it records record third-quarter sales and higher operating profit, but it swings to a net loss as a prolonged EV market slowdown weighs on battery demand. The company reports Q3 consolidated revenue of 9.64 trillion won and operating profit of 756 billion won, alongside a net loss of 296.9 billion won, according to its regulatory filing.
Outlets link the mixed results to continued growth in energy storage system (ESS) shipments, especially to North America, and to resilience in parts of its EV battery lineup. Korea Times and Free Press Journal emphasize rising North American ESS volumes and tax credits under the U.S. Inflation Reduction Act, while Yonhap leads with the net-loss swing amid EV weakness. PR Newswire frames the same quarter around business momentum, pointing to new BTM BESS work and volume gains in certain high-voltage mid-nickel batteries.
Across reports, the company also credits better factory utilization and stabilizing North American ESS production for supporting earnings. The differences largely come from emphasis: some focus on record revenue and profit growth, while others foreground the net-loss outcome and the EV market slowdown.
