LG Energy Solution Sees Q2 Operating Profits More Than Double on Robust U.S. Demand

LG Energy Solution, South Korea’s top battery manufacturer, announced on Monday that its second-quarter operating profit is expected to more than double compared to the same period last year, thanks to strong battery sales in the United States.

For the quarter ending in June 2025, the company estimates operating profits to have reached 492.2 billion won (approximately $361.2 million), a sharp increase from 195.3 billion won reported in Q2 2024, according to a regulatory filing.

“Increased shipments of battery products to key U.S. customers, including Hyundai Motor, Kia, and General Motors, significantly contributed to the improved earnings this quarter,” said an LG Energy Solution spokesperson.

Despite the rise in profit, total sales fell 9.7% year-on-year, dropping to 5.56 trillion won from 6.16 trillion won, reflecting a broader slowdown in electric vehicle (EV) sales globally.

The company noted that final earnings results for Q2 will be officially released later this month.