LG Chem forecasts strong performance in EV batteries in Q3 2020

By Dalila Ouerghi
Published: Tuesday, 04 August 2020

South Korean battery maker LG Chem, one of the leading suppliers of electric vehicle (EV) batteries, expects strong sales and improved profitability in the third quarter of this year because shipments of EV batteries to Europe are likely to increase, it said.

"Stable profitability will be maintained in the petrochemical sector, and large growth in the energy solutions sector is also expected," Cha Dong-Seok, LG Chem’s chief financial officer and executive vice president, said on Friday July 31 while the company presented its second-quarter financial results.

LG Chem Energy Solutions manufactures...

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