Overview

• The battery maker estimates third-quarter operating profit at 601.3 billion won, beating the 528 billion won LSEG SmartEstimate consensus.
• Company disclosures show Inflation Reduction Act manufacturing credits lifted reported results, with operating profit at 236 billion won without them.
• Revenue is projected at 5.69 trillion won, down 17.1% from a year earlier as automakers slowed EV purchases and kept inventories lean.
• LG Energy Solution is expanding in energy storage, securing a $4.3 billion Tesla ESS supply deal and targeting additional U.S. ESS contracts.
• Work at the Hyundai joint battery plant in Georgia remains paused after a September immigration raid, with a two to three month startup delay and limited site access restarting under temporary visa allowances.