Overview

• LG Energy Solution's Q1 2025 operating profit rose 138% year-on-year to 375 billion won, supported by U.S. tax credits and a weaker won.
• The company received 457.7 billion won from the U.S. Inflation Reduction Act’s Advanced Manufacturing Production Credit, offsetting global EV demand stagnation.
• Excluding the U.S. tax credits, LG Energy Solution recorded an operating loss of 83 billion won, though this marked an improvement from the previous quarter's deeper losses.
• As part of its restructuring strategy, the company is repurposing its Michigan facility for energy storage systems production and targeting emerging markets like robotics and drones.
• Revenue grew 2.2% year-on-year to 6.3 trillion won, with stronger shipments to key clients and internal cost reductions contributing to performance gains.