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韩国电池巨头拿下120GWh订单！
鑫椤锂电·2025-11-03 07:24

Core Viewpoint - LG Energy Solution reported significant growth in operating profit for Q3 2025, driven by increased production in the ESS sector and new cylindrical battery launches, despite a decline in EV soft-pack battery demand due to the expiration of U.S. subsidies [1][2]. Revenue and Profit Growth - The company achieved a consolidated revenue of 5.7 trillion KRW, a quarter-on-quarter increase of 2.4%, with operating profit rising to 601.3 billion KRW, reflecting a 22.2% increase [1][2]. - The growth in operating profit was supported by three main initiatives: increased ESS battery production, the launch of new cylindrical batteries, and ongoing cost reduction efforts [2]. Order Backlog and Supply Chain - LG Energy Solution's ESS battery order backlog reached approximately 120 GWh by the end of Q3 2025, with new residential and grid-level ESS projects contributing to this growth [3]. - In the cylindrical battery sector, the company secured new orders totaling 107 GWh for the 46 series cylindrical batteries, leading to a backlog exceeding 300 GWh [4]. North American Production and Technological Advances - The company is enhancing its ESS battery production capacity at its Michigan facility to address the demand gap left by EV soft-pack batteries [5]. - A joint venture factory with Stellantis in Canada is being upgraded, focusing on battery module production and preparing for cell production, with discussions ongoing to expand capacity into non-EV applications [6]. Future Market Expectations - Short-term EV demand may face pressure due to the expiration of subsidies, leading manufacturers to adjust their electrification strategies, while ESS markets are expected to grow robustly driven by regulatory clarity and strong demand from AI data centers [8]. - The European EV market is anticipated to maintain stable growth, supported by purchase subsidies and stringent CO₂ regulations, with ESS demand also rising due to increased renewable energy integration and efforts to reduce reliance on Chinese supply chains [8].