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July 07,2025

LG Energy Solutions Surges 152% Driven by LFP Breakthrough in US

LG Energy Solution reported a 152% rise in Q2 2025 profit, reaching 492 billion won, signaling a strong recovery after past losses. Key to this turnaround were U.S. localization strategies, a new Michigan LFP battery plant, and a long-term supply deal with Chery Auto. Even without tax credits, LGES posted 142 billion won profit.

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