Overview

• LG Energy Solution’s operating profit more than doubled to 492 billion won in Q2 while net profit swung to 90.6 billion won from a loss a year earlier.
• The battery division credited US Inflation Reduction Act tax credits and customer stockpiling ahead of tariffs for driving its profit surge.
• CFO Lee Chang-sil warned that looming US tariff increases and the scheduled end of federal EV subsidies on September 30, 2025, are likely to slow North American EV demand.
• To offset weaker EV sales, LG Energy Solution will boost production of batteries for energy storage systems and cut or delay certain investments.
• LG Electronics posted a 3.1 percent year-on-year net profit decline to 609.7 billion won as logistics and US tariff costs rose and will start washing machine output in Mexico in September.