LG ES Ramps US BESS Cell Production, Expects Boost From Non-China ITC Eligibility Rules

LG ES ramps US BESS cell production, expects boost from non-China ITC eligibility rules

LG Energy Solution (LG ES) will nearly double the production capacity of battery cells for energy storage systems (ESS) at its Michigan, US, factory by the end of 2026.

Trump tariff to dampen EV demand- LG Energy Solution – Telematics Wire

Press Release LG Energy Solution unveiled its Q2 2025 results, delivering an operating profit even before accounting for North American production incentives, thanks to a more profitable product mix and ongoing cost‐efficiency initiatives. Consolidated revenue totaled KRW 5.6 trillion, down 11.2% from the prior quarter, while operating profit rose 31.4% to KRW 492.2 billion, representing an 8.8% margin. Included in that figure is an estimated KR…