Get all your news in one place.
100's of premium titles.
One app.
Start reading
InsideEVs
InsideEVs
Technology
Suvrat Kothari

Tesla Supplier Reports Record Earnings From EV And Energy Storage Batteries

Tesla Inc. LG Energy Solution Europe LGES United States
  • LG Energy Solution slowed down its electric vehicle battery production in North America due to low demand.
  • Now losses related to that are being offset by strong growth in energy storage batteries for data centers and grid upgrades.
  • Production credits in the U.S. and Europe's record EV sales are also helping the battery maker's bottom line.

Battery giant LG Energy Solution posted record quarterly earnings Thursday thanks to its burgeoning energy storage business in the U.S. and growing electric vehicle sales in Europe, the company said in a regulatory filing in South Korea.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Woman finds a white purse at a thrift store. Then she unzips a small pocket and realizes it isn’t empty: ‘This is crazy’
That was a surprise!
We Got This Covered
We Got This Covered
Pop Star Britney Spears Reportedly Branded 'Clueless' by Critics Over Recent Dollywood Ride Video
Britney Spears shared footage from a family visit to Dollywood, praising the Tennessee attraction, while some online viewers criticised the language heard during a spinning-ride video.
International Business Times UK
International Business Times UK
What Happened to Travis Barker? Musician Shares Hospital Photos as Kourtney Kardashian Stays by His Side
Travis Barker says he underwent cubital tunnel release surgery after experiencing numbness in his arm, hand and fingers, adding that he hopes to resume drumming within weeks.
International Business Times UK
International Business Times UK
Woman orders a Whopper and a Whopper Jr. at a mall Burger King. Then she sees the $30 total and shows the camera the tray: ‘This is crazy’
She showed everything that came with it.
We Got This Covered
We Got This Covered
'I didn't know this place existed': Britney Spears enjoys family day at Dollywood
Britney Spears enjoyed a visit to Dollywood with her two sons - but admitted she hadn't been aware the theme park "existed" before their trip.
BANG Premier
BANG Premier
How Jim Bakker became the Johnny Carson of Christian TV
When I was researching my 2017 book, “PTL: The Rise and Fall of Jim and Tammy Faye Bakker’s Evangelical Empire,” I interviewed dozens of former staffers and supporters of PTL, the ministry, television and theme park empire that the Bakkers built starting in the 1970s.
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play