LG ES does not break out EV and ESS sales in its financial results release and presentation, but the company did say that increased orders for pouch cells from EV customers in Europe and “stable demand” for cylindrical cells from a strategic EV customer, as well as BESS sales in the US drove revenue growth overall.
The company also revealed its action plan for the second half of this year, which includes “stable expansion” of ESS operations in North America and growing its backlog with orders from renewable energy and data centre customers.
LG ES also aims to make its first sample shipments of sodium batteries for energy storage customers during 2027. It will accelerate product development and initial preparation of the production line in the second half of 2026. The company said it is also prepping a pilot line based on a dry-electrode process for all-solid-state batteries.
Earlier this month, LG ES said it expected to announce an operating profit of around KRW113 billion for Q2, which, as Reuters noted in a 7 July article, was a 77% year-over-year decline from the KRW492.2 billion operating profit posted in the same period of 2025.
LG ES confirmed this morning that operating profit for the quarter stood at KRW113.3 billion with an operating profit margin of 1.5%. Operating profit margin in Q2 2025 was 8.1%.
