On 26 April, as the demand for electric vehicles continued to increase significantly, there was also a substantial increase in the demand for the key components of batteries, and the performance of the cell manufacturers was significantly increased.
The global share of the former battery manufacturer, LG, is new energy, and the latest published financial accounts show that their harvests have increased significantly in the first quarter and business profits have improved.
According to the financial report, LG received 8.747 trillion won in the first quarter of the year, a 2.5 per cent increase in rings, a 10.4 per cent increase compared to a 10.4 per cent increase, and a new high harvest was created.
In financial terms, the increase in the share of the camp in the first quarter of this year is also a sign of a new revenue collection for LG, which has been maintained for five consecutive quarters since IPO.
CFO Chang Sil Lee, a new energy source in LG, has been able to respond positively to the increase in demand in North America, thanks to their timely operational strategic decisions, a quarterly increase in the steady operation of the joint venture in Ohio, and an improvement in the average prices of batteries over a quarter.
On the profit side, the financial statements show that the net profits of LG new energy in the first quarter increased from 2266 billion won in the same period last year to 562 billion won. This year 1-3, LG’s new energy business profits reached K$ 633.2 billion, an increase of 49.6 per cent over the same period, with a growth of 16.47 per cent over the ring; sales increased from R$4.3 trillion to K$ 8.74 trillion, more than double.