LG Energy Posts Bigger-Than-Expected Loss as EV Aid Fades


Faced with a murky EV outlook, LG Energy is aggressively pivoting production capacity toward energy storage systems (ESS), where AI-driven data centers have emerged as a fresh revenue stream. The company is converting multiple EV lines to ramp up ESS cell output to at least 60 gigawatt-hours from 36 GWh, targeting at least 90 Gwh in new orders this year.



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