{
  "id": 17933269,
  "title": "LG Energy Solution posts record Q3 sales on rising ESS shipments",
  "url": "https://urgent.news/2026/11/03/lg-energy-solution-posts-record-q3-sales-on-rising-ess-shipments-17933269",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T08:22:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/companies/20261103/lg-energy-solution-posts-record-q3-sales-on-rising-ess-shipments"
  },
  "original_language": "en",
  "account": "LG Energy Solution announced record third-quarter sales and a 25.7% increase in operating profit, fueled by surging demand for energy storage systems (ESS) in North America and robust sales of electric vehicle (EV) batteries. The company's sales surged 59% year-over-year to 9.64 trillion won ($7.2 billion), with operating profit hitting 756 billion won. Sales grew 27.6% from the prior quarter, with an operating profit margin of 7.8%. The boost in revenue included 417 billion won in North American production incentives, reflecting heightened shipments of ESS batteries in the region. Beyond ESS, sales benefited from increased production of high-voltage, mid-nickel pouch batteries for EVs and steady deliveries of 21- and 46-series cylindrical batteries. The company's improved operating profits were also attributed to enhanced factory utilization in Europe and reduced fixed cost burdens as North American ESS production stabilized. LG Energy Solution's third-quarter sales climbed 28% from the previous quarter, driven by a substantial rise in ESS shipments and a significant surge in EV battery sales.",
  "summary": "LG Energy Solution reported record quarterly sales and a 25.7 percent rise in operating profit for the third quarter, driven by growing North American energy storage system (ESS) shipments and stronger electric vehicle (EV) battery sales, the company said on Tuesday. Sales rose 59 percent from a year earlier to 9.64 trillion won ($7.2 billion), while operating profit reached 756 billion won.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}