LG Energy Solution, Samsung SDI See ESS Revenue Share Near 30% as EV Demand Slows
The share of energy storage systems, or ESS, in the total revenue of LG Energy Solution and Samsung SDI is expected to rise from the 20% range in the second quarter to the mid-30% range by the end of the year. Demand for ESS is growing as power consumption from artificial intelligence data centers s
LG Energy Solution and Samsung SDI are experiencing a shift in their revenue mix as the demand for energy storage systems (ESS) grows. The share of ESS in their total revenue is expected to rise from the 20% range in the second quarter to the mid-30% range by the end of the year. This growth is driven by the increasing power consumption from artificial intelligence data centers and the expansion of power grids in North America.
Both companies are accelerating the conversion of their production lines to ESS products to offset the slowdown in electric vehicle demand.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
