The company, which supplies Tesla, General Motors and Volkswagen among other automakers, reported an operating profit of 492 billion won ($358.73 million) for the April-June period, versus a 195 billion won profit a year earlier.

SEOUL (Reuters) -South Korean battery firm LG Energy Solution (LGES) on Friday posted a 152% rise in quarterly profit, driven by front-loaded demand as some customers stockpiled batteries ahead of potential U.

South Koreas LG Energy Solution (LGES) reported a sharp rise in quarterly profit but cautioned about slowing electric vehicle (EV) battery demand due to U.S. tariffs and policy uncertainty. The Tesla,

Ultium Cells, a joint venture (JV) between General Motors (GM) and South Korea’s LG Energy Solution, is set to commence the production of low-cost lithium iron phosphate (LFP) battery cells at its Spring Hill facility in Tennessee,

LG Energy Solution posted a strong Q2 2025 operating profit despite lower revenue and the absence of U.S. production incentives.