LG Energy Solution reports operating loss
The battery maker saw its global electric vehicle battery market share fall to 8.6%.
The battery manufacturer LG Energy Solution recorded a consolidated operating loss for the first half of 2026. This result follows a period of profitability in the previous two fiscal years.
Market positioning for the company shifted during this period. The global market share for its electric vehicle batteries reached 8.6% for the first half of 2026, down from 9.2% in the previous year and 10.8% in the year prior.
Revenue streams for the energy solution segment were split between domestic and export sales. The company produces batteries for electric vehicles, energy storage systems, and small applications.
To diversify its business, the company is pursuing new ventures. These include battery-as-a-service, energy-as-a-service, and battery recycling and reuse projects. The company also entered the energy storage system integration field to provide full-scale construction and system integration services.
The company expects the electric vehicle battery market to maintain growth momentum as vehicle prices stabilize and concerns regarding safety and range are resolved. It also forecasts stable growth for the energy storage system market due to the expansion of renewable energy and power demand from artificial intelligence and big tech firms.
Operational efforts now focus on research and development to improve product safety and quality. The company intends to secure global operation competitiveness to ensure stable supply volumes to its customers.