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Tesla Supplier LG Energy Solution Posts Record Q3 Sales

📍 InsideEVs Tesla

LG Energy Solution, a Tesla supplier, reported record sales in the third quarter (Q3). According to the report, the result is explained by two factors: the boom in electric vehicles in Europe and a bet on energy storage batteries in the United States. The text does not include revenue, profit or production volume figures, so it is not possible to quantify the weight of each factor in the result. The report also does not detail which specific products the company supplies to Tesla.

🔎 Why it matters: LG Energy Solution's record Q3 sales reflect two concrete fronts: the boom in electric vehicles in Europe and the bet on energy storage batteries in the U.S.
📈 Upside: LG Energy Solution, a Tesla supplier, posts record Q3 sales thanks to Europe and U.S. energy storage.
📉 Risk: Not applicable.
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