LG releases preliminary earnings for third-quarter 2024
LG Electronics Inc. (LG) announced its preliminary earnings results for the third quarter of 2024, reporting a consolidated revenue of KRW 22.17 trillion and an operating profit of KRW 751.1 billion. The company achieved record-high quarterly revenue, marking its fourth consecutive
LG shares strategic vision and future initiatives for ‘AI webOS’ ecosystem expansion
LG Electronics (LG) last week held webOS Summit 2024 in Incheon, South Korea, sharing its strategic vision and future initiatives for expanding the AI webOS ecosystem and growing its platform business. Themed “Empowering webOS with AI,” the second webOS Summit
LG Energy Solution slashes earnings guidance on weak EV demand; shares drop
By Heekyong Yang and Jihoon Lee SEOUL (Reuters) - South Korean battery firm LG Energy Solution (LGES) warned on Thursday its revenue would plunge more than 20% this year and it would ease capacity expansion due to a sharper than expected
LG Energy Solution to minimise capex this year due to slow EV demand
By Heekyong Yang and Ju-min Park SEOUL (Reuters) - South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to slowing global electric vehicle (EV) demand, after reporting a 75% plunge
LG Chem partners with Huayou Group to build joint LFP cathode plant in Morocco
By Heekyong Yang SEOUL (Reuters) - South Korea's LG Chem Ltd said on Sunday it has entered into partnership with China's Huayou Group's subsidiary Youshan to build a joint electric vehicle (EV) battery material plant in Morocco in an effort to
LG’s evolution into a smart life solutions company
Subscription services, advertising, and free TV content are two pivots for increasing turnover. LG is changing and abandoning its tech footprint to become a smart life solutions company. The announcement came from William Cho, CEO of the South Korean company, who outlined the
LG Display to supply OLED TV panels to Samsung Elec
A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak By Heekyong Yang SEOUL (Reuters) - South Korea's LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as
LG Energy Solution Q1 profit more than doubles on U.S. gains
Electric power transmission pylon miniatures and LG Energy Solution logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Heekyong Yang and Hyunsu Yim SEOUL (Reuters) - South Korea's LG Energy Solution said on Wednesday quarterly profit more
LG says it’s in talks with Tesla to supply batteries from Arizona factory
An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021. REUTERS/Kim Hong-Ji By Hyunjoo Jin and Heekyong Yang SAN FRANCISCO/SEOUL (Reuters) - LG