LG Energy, KR7373220003

LG Energy Solution, behind LG Energy Solution stock, signs EV pact

Published on 10/01/2026 at 14:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LG Energy Solution, behind LG Energy Solution stock, reported KRW 7.56 trillion. Revenue rose 35.80 percent year over year in second-quarter 2026.

LG Energy, KR7373220003, Illustration mit AI erstellt.

LG Energy Solution (KR7373220003) signed a non-binding memorandum of understanding with indiGOtech on October 1, 2026, covering 46-series cylindrical battery cells for commercial electric vans from 2027 to 2030, according to LG Energy Solution. The agreement links the battery maker to indiGOtech vehicles named Flow Ride and Flow Cargo.

46-series supply targets commercial vans

The memorandum covers supply discussions and technical cooperation on vehicle-battery integration, driving range and charging times. The planned 2027-2030 period gives LG Energy Solution a defined customer-development window in North American commercial electric vehicles, while the memorandum remains non-binding.

The company said cylindrical battery shipments increased 1.50 times year over year as of the second quarter of 2026, supported by mass production and wider 46-series deliveries, according to LG Energy Solution. That figure makes the indiGOtech memorandum more relevant as a customer-expansion signal than as a confirmed revenue contract.

Revenue rises while losses remain

LG Energy Solution reported KRW 7.56 trillion in consolidated revenue for the second quarter of 2026, up 35.80 percent from the year-earlier quarter. Operating profit was KRW 113.3 billion, while consolidated net income was a loss of KRW 328.6 billion, according to ATS View. The mix of higher revenue, positive operating profit and negative net income shows why battery shipments and utilization remain central to the earnings story.

For the third quarter of 2026, iM Securities analyst Jeong Won-seok kept a Buy rating and a KRW 550,000 target on September 21, 2026, while forecasting KRW 8.8 trillion of revenue and KRW 369.0 billion of operating profit, as reported by Business Post. The forecast points to a possible sequential improvement from second-quarter operating profit of KRW 113.3 billion, but it remains an analyst estimate rather than reported performance.

KRW 84.4 trillion market value

LG Energy Solution was last at KRW 360,500 on KRX on October 1, 2026 at 3:30 p.m. KST, plus 0.98 percent versus the prior session close of KRW 357,000. The market capitalization was KRW 84.4 trillion, and the 52-week range was KRW 290,500.00 to KRW 527,000.00 on the same date.