South Korea’s largest electric vehicle (EV) battery manufacturer, LG Energy Solution (LGES), reported a net loss of KRW 944 billion (US$ 636 million) in the first quarter of 2026, compared with a net profit of KRW 227 billion a year earlier, which the company attributed to the ramp-up of costs relating to its expansion into the energy storage systems (ESS) business, as well as a weaker product mix, including lower sales of pouch-type EV batteries in North America. Global revenues fell by 2.5% to KRW 6.55 ...