LG新能源利润连续三季度增长！

Core Viewpoint - The article discusses the recent performance and strategic shifts of LG Energy Solution, highlighting its reliance on government subsidies and the growth of its energy storage business, particularly in lithium iron phosphate batteries, as key factors for its financial recovery and future prospects [5][8][10]. Group 1: LG Energy Solution's Financial Performance - In Q3, LG Energy Solution reported revenue of approximately 5.7 trillion KRW, a 2.4% increase quarter-on-quarter, with an operating profit of 601.3 billion KRW, reflecting a 22.2% increase [5]. - The company's performance in the first three quarters of the year shows a trend of increasing operating profit, with Q1 at 375 billion KRW, Q2 at 492.2 billion KRW, and Q3 at 601.3 billion KRW, indicating a recovery trajectory [5][6]. - The operating profit in Q3 included 365.5 billion KRW from U.S. policy subsidies, suggesting that the company's profitability is significantly supported by external financial assistance [8][9]. Group 2: Energy Storage Business Growth - LG Energy Solution has secured approximately 120 GWh of battery orders for energy storage systems, indicating a strong demand and potential for growth in this sector [6][10]. - The company has made strategic decisions to focus on lithium iron phosphate batteries, which are more stable and cost-effective for large-scale energy storage applications, positioning itself advantageously in the North American market [10][12]. - A notable achievement includes a significant order for lithium iron phosphate batteries worth approximately 30.6 billion KRW from Tesla, highlighting the company's growing influence in the energy storage market [10][12]. Group 3: Strategic Adjustments and Market Position - LG Energy Solution's shift towards lithium iron phosphate batteries is a strategic response to market demands, as these batteries present lower risks and costs compared to traditional lithium-ion batteries [12]. - The company's partnerships and orders in the energy storage sector reflect a deepening integration with the North American market, which is experiencing rapid energy transition [12]. - The competitive landscape is evolving, with LG Energy Solution emerging as a strong contender against other Korean battery manufacturers like Samsung SDI and SK On, which are currently facing challenges [6][12].