Latest Energy Storage System (ESS) News & Updates

Seoul, April 30 (IANS) LG Energy Solution said on Thursday it swung to a net loss in the first quarter from a year earlier, as weakening global demand for electric vehicle (EV) batteries weighed on earnings.For the first three months of this year, the company shifted to a net loss of 944 billion won ($635.8 million) from a net profit of 227 billion won a year ago, reports Yonhap news agency.”Lower sales of EV batteries to key customers and higher costs associated with the initial ramp-up of an e…