LG Chem's LG Energy Solution announced a 10% increase in revenues in Q4 2021, which allowed it to return to profitability after the negative Q3 result - affected by the costs of the Chevrolet Bolt EV/EUV battery recall.
The company explains that "the quarterly revenue growth was mainly driven by robust demand of pouch and cylindrical battery cells for electrical vehicles and small-sized pouch batteries for IT devices."
