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LG Energy Solution Releases 2024 Second-Quarter Results

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LG Energy Solution posts KRW 6.1619 trillion in consolidated revenue and KRW 195.3 billion in operating profitDespite continued EV demand slowdown, the company makes meaningful progress in EV and ESS battery businesses, and enhances its fundamental competitiveness in supply chain and R&DIn response to slower-than-expected EV market growth, LG Energy Solution to focus on optimizing operation and improving profitability, while continuing to pursue technological and cost competitiveness

SEOUL, South Korea, July 24, 2024 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced its second quarter earnings, along with its business achievements and key action plans to counter slower-than-expected EV market growth.

The company posted consolidated revenue of KRW 6.1619 trillion, a 0.5 percent increase quarter-on-quarter and 29.8 percent decrease year-on-year. The operating profit was KRW 195.3 billion, a 24.2 percent increase quarter-on-quarter and 57.6 percent decrease year-on-year, with operating profit margin of 3.2 percent.

“EV demand slowdown and the impact of declining metal prices on average selling price (ASP) continued through this quarter,” said Chang Sil Lee, CFO of LG Energy Solution. “However, the revenue slightly increased quarter-on-quarter, thanks to increased shipments in response to new EV model launch by customers and revenue growth from ESS batteries for power grids.”

“The operating profit was affected by fixed cost burden due to utilization rate adjustment,” Lee said. “However, the IRA tax credit effect more than doubled from the previous quarter thanks to increased volume in North America, driving a 24.2 percent quarter-on-quarter increase in operating profit.”

The operating profit includes the estimated IRA tax credit amount of KRW 447.8 billion. Excluding the IRA tax credit, the company would have recorded quarterly operating loss of KRW 252.5 billion.

2Q Progress: Business achievements and enhanced fundamental strengths

Despite ongoing global EV demand slowdown and subsequent market uncertainties, LG Energy Solution continued its venture into more diverse product lineup, successfully landing new supply agreements in both EV and ESS battery businesses.

The company signed off its first large-scale (39GWh) supply agreement for LFP[1] batteries with Renault Group’s Ampere, a meaningful achievement in the LFP segment that is currently dominated by Chinese battery manufacturers. LG Energy Solution also reaffirmed its technological leadership through this agreement, as it became first in the world to apply cell-to-pack (CTP) technology to a pouch form factor.

The company also started successful mass production and shipment from its joint venture plant with Hyundai Motor Group in Indonesia, adding another EV battery production hub in Asia for a proactive response to rapidly-growing EV demands in the region.

The company also made significant progress in its ESS battery business, as it secured a large-scale supply agreement for power grids in Arizona (4.8GWh). Capitalizing on its expertise as a comprehensive solution provider, LG Energy Solution will deliver a total ESS solution including system integration (SI) from LG Energy Solution Vertech, Inc., offering differentiated customer value.

Along with business achievements, the company also concentrated on heightening its fundamental competitiveness. LG Energy Solution further reinforced its raw material supply chain by successfully securing lithium spodumene through offtake and investment agreements with a lithium producer with mines in Australia.

The company also drew achievements in battery-related technologies, including developing AI algorithms for cell designs that are optimized to customer needs. It also signed an MoU with Analog Devices, Inc. on advancing cell temperature measurement technology.

Key action plans to counter slower EV market growth

In response to slow EV market growth, LG Energy Solution revised down its annual guidance, with its annual consolidated revenue now expected to decrease by more than 20 percent from last year. The company also lowered this year’s expected capacity eligible for the IRA tax credit from 45~50GWh to 30~35 GWh, due to adjustments in ramp-up speed in response to changing customer demands.

Despite unfavorable market environment expected in the second-half of the year, the company is looking forward to a meaningful increase in shipments, in line with the rising demand in North America and Europe thanks to new EV model launches. It also expects increased revenue from pouch-type mobility & IT batteries due to customers’ demands for premium batteries. ESS battery business is expected to benefit from increased sales from power grid projects.

At the same time, to counter continued market uncertainties, LG Energy Solution will prioritize optimizing operation and improving profitability. The company will maximize the utilization rate at each site by adjusting ramp-up speed, scaling down investment, and converting existing lines for other applications. Moreover, it will execute capex based on strategic priorities.

Also, the company will secure competitive edges in both products and future technologies. It will first establish differentiated product portfolio by launching 4680 cells and expanding the production of ESS LFP batteries. At the same time, the company will accelerate the development of future battery technologies by setting up pilot lines for dry electrode production in its facility in Ochang, Korea.

Lastly, the company will stay committed to improving cost competitiveness by expanding the scope of direct sourcing from critical minerals to precursors and increasing investment in upstream suppliers. It will also continue to enhance production efficiency by simplifying production processes and advancing smart factory technologies.

“Despite experiencing more headwinds than previously expected, we will remain agile through transitions and establish strong fundamental competitiveness, delivering differentiated values to our customers,” said David Kim, CEO of LG Energy Solution. “With these efforts, we aim to solidify our position as a front-runner leading the future of battery industry.”

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

[1] LFP: lithium, iron, phosphate

 

View original content:https://www.prnewswire.com/news-releases/lg-energy-solution-releases-2024-second-quarter-results-302206017.html

SOURCE LG Energy Solution

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Zifo Transforms Ontology Engineering with AI-Powered Intelligent Automation

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Advanced AI solution speeds up ontology creation by 80%, generating structured, interoperable knowledge models for science-driven organizations.

CAMBRIDGE, Mass. and CAMBRIDGE, England, April 30, 2026 /PRNewswire/ — Zifo, the leading global enabler of AI and data-driven enterprise informatics for science-driven organizations, has developed an Intelligent Automation solution for Ontology Engineering, which is designed to seamlessly generate structured, interoperable knowledge models while accelerating ontology creation by 80%.

Overcoming the Bottlenecks of Manual Ontology Creation

Manual ontology creation in the biopharma industry has traditionally been a time-consuming process that requires specialized expertise. Organizations frequently struggle with semantic ambiguity, complex integration challenges, and limited scalability, resulting in workflows that can take weeks to complete. Zifo’s AI-powered automation tackles these challenges head-on by eliminating 80% of the manual work through automated class generation, description creation, and precise IRI mapping.

Addressing the Complexities of Semantic Knowledge

Developing comprehensive knowledge models often demands deep domain expertise to define relationships and align terminology. Zifo’s intelligent solution overcomes this by providing an AI-guided workflow featuring an intuitive interface, meaning specialized ontology engineering knowledge is no longer required. By leveraging LLM-powered generation, the solution creates precise definitions with a deep understanding of domain-specific context, while generating standardized synonyms and establishing controlled vocabulary alignment to eliminate inconsistent terminology.

A Solution Designed for Scalable Scientific Data Modeling

The AI-powered solution addresses critical format compatibility and integration points in ontology management:

Seamless Integration: Automated mapping connects directly to established ontologies, including NCIT, CHEBI, OBI, and EFO, via BioPortal and OLS APIs.Massive Scalability: Parallel processing and batch operations empower teams to execute large-scale ontology projects without performance limitations.Automated Hierarchies: The AI autonomously generates semantic relationships and parent-child hierarchies based on domain context and predefined relation vocabularies.Format Compatibility: The solution produces direct OWL/RDF exports with proper URIs, ensuring seamless downstream integration.

Unique Features include:

Multi-Source Integration: The solution combines BioPortal, OLS, and EMBL-EBI APIs to guarantee comprehensive ontology coverage.Intelligent Ranking System: The system uses AI-powered relevance scoring and justification for precise ontology mappings.Precise IRI Mapping: It ensures that each generated class is linked to the correct IRI, directly promoting semantic web compatibility.Human-in-the-Loop Design: The solution automates repetitive tasks while maintaining vital expert oversight.End-to-End Workflow: Users are guided through a complete pipeline, from initial domain knowledge input straight to exportable OWL files.Visual Knowledge Graph: An interactive graph visualization allows for intuitive relationship exploration and validation.Multi-Format Exports: Provides seamless export options in CSV, OWL, or HTML Ontograph formats for downstream use, collaboration, and visualization.

Strategic Value Across the Scientific Chain

This solution breaks down the traditional barriers of data structuring. Built on a robust backend of Python, LangChain, and leading LLM models, alongside a frontend framework using Next.js 15 and Cytoscape.js for graph visualization, the solution is highly adaptable. Furthermore, future optimization enhancements will include provisions for uploading user-defined classes or semi-ready ontologies.

About Zifo

Zifo is the leading global enabler of AI and data-driven enterprise informatics for science-driven organizations. With expertise spanning research, development, manufacturing, and clinical domains, Zifo serves a diverse range of industries including Pharma, Biotech, Chemicals, Food and Beverage, and more. Trusted by over 190 organizations worldwide, Zifo is the partner of choice for advancing digital scientific innovation.

For more information, visit www.zifornd.comhttps://zifornd.com/practical-ai-blueprints/

Logo: https://mma.prnewswire.com/media/2731415/Zifo_Technologies_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/zifo-transforms-ontology-engineering-with-ai-powered-intelligent-automation-302758975.html

SOURCE Zifo Technologies

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UNC-Chapel Hill establishes ‘Carolina in the Capital’ with new Washington, D.C. office

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CHAPEL HILL, N.C., April 30, 2026 /PRNewswire/ — The University of North Carolina at Chapel Hill has opened a new office in Washington, D.C., establishing an expanded presence for the University in the nation’s capital and creating exciting opportunities for students, faculty, staff and alumni.

Located at 101 Constitution Avenue NW, the 10,861-square-foot space – coined “Carolina in the Capital” – will support a variety of functions, including educational programming for undergraduate and graduate students, alumni relations and engagement with government partners.

As a leading R1 university, UNC-Chapel Hill annually attracts more than $1.6 billion to the state’s economy to fund research that creates a better quality of life for all its citizens. More than 60% of UNC-Chapel Hill’s total research funding comes from federal sponsors with the majority of that federal funding coming from the National Institutes of Health (NIH), which is based in the Washington area.

“Carolina in the Capital is a state-of-the-art facility that reflects our commitment to creating experiential learning opportunities for our students and faculty,” said Chancellor Lee H. Roberts. “The space is designed as an immersive learning environment where students can translate classroom knowledge into hands-on experience, which has never been more important. The facility also strengthens our ability to support engagement between our staff, alumni, policymakers and partners.”

Supporting students participating in Carolina’s Washington-based academic programs is a priority. For years, students and faculty have relied on temporary or borrowed spaces across the city. The new office provides a permanent home where students can gather, learn and build community while living and studying in Washington. A robust schedule of classes and events will fill the space throughout the year.

The Washington, D.C. region is home to the largest concentration of out-of-state Carolina alumni anywhere in the country. The new office creates a dedicated space to strengthen those connections and support networking, mentorship, professional development and community-building among D.C.-based Tar Heels.

The space will also serve as a platform to bring Carolina’s research and academic expertise into closer conversation with policymakers, industry leaders and member organizations. Carolina is the nation’s 11th largest university in the country based on research volume with primary federal funding coming from NIH and the National Science Foundation (NSF), both based in the D.C. area. Carolina is a proud member of the Association of American Universities (AAU) and the Association of Public & Land Grant Universities (APLU), which are both based in Washington.

The office is funded entirely through the UNC-Chapel Hill Foundation and does not use any state appropriations.

You can view additional photos of the space here.

Media Contact: UNC Media Relations, 919-445-8555, mediarelations@unc.edu

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SOURCE University of North Carolina at Chapel Hill Office of Communications

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Investing.com Acquires Stonki to Accelerate Its Entry into the Agentic AI Era

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The acquisition strengthens Investing.com’s AI capabilities, advancing a next-generation research assistant that can analyze markets, generate insights, and guide investors in real time

NEW YORK, April 30, 2026 /PRNewswire/ — Investing.com, one of the world’s largest financial platforms used by more than 60 million investors each month, today announced the acquisition of Stonki, an AI-powered investing assistant designed to help traders turn ideas into structured, actionable trading plans.

The move marks a major step in the company’s evolution toward agentic AI, strengthening its ability to deliver faster, deeper, and more actionable market insights to a growing base of more than 300,000 paying subscribers across its InvestingPro suite, the company’s premium subscription offering for advanced market data, tools, and AI-driven insights.

Over the past 12 months, nearly 3 million users have used WarrenAI, Investing.com’s AI-powered financial research assistant launched last year, to perform market analysis, making AI a central entry point into the platform’s ecosystem. With the addition of Stonki, the company is moving beyond traditional AI tools toward agentic systems that can proactively guide users through the investment process.

“We’re entering the age of agentic AI, where the technology moves beyond just answering questions to actively helping investors think, analyze, and act,” said Omer Shvili, CEO of Investing.com. “Bringing Stonki.ai into the fold accelerates our goal of building an agentic platform that will serve as a 24/7 analyst for our users. We are developing this to be more than just a tool; it will be a partner that identifies opportunities, tracks unfolding situations, and surfaces trade ideas even when the user isn’t active—giving our users the kind of edge that was previously only available to professional investors.”

Founded in 2025, Stonki is developing a new category of ‘agentic’ AI for investing, enabling users to turn investment ideas into fully defined strategies with entry and exit conditions, risk management rules, and continuous monitoring.

“We started Stonki because, as investors and traders ourselves, we knew how much time and focus it takes to stay on top of the market and properly manage a day trade, a swing trade, an investment idea, or a portfolio,” said Ulas Bilgenoglu and Itay Verkh, co-founders of Stonki. “We set out to build AI that could carry part of that load by continuously monitoring the market, turning ideas into structured strategies, and helping users make better decisions with clear entry and exit conditions, disciplined risk management, and ongoing tracking. Joining Investing.com gives us the scale, data, reach, and strong AI foundation to accelerate that vision. Together, we can create an experience where AI helps users stay ahead of the market, manage risk, and act with greater confidence.”

The acquisition expands Investing.com’s AI capabilities across both technical and fundamental investing workflows. Stonki’s technology is built around persistent, real-time intelligence, continuously monitoring markets, tracking user-defined strategies, and alerting investors when conditions align, rather than relying on one-off prompts or static analysis.

For active traders, the platform is evolving into a real-time analysis engine designed to support high-frequency decision-making with precision and speed. For long-term investors, it is becoming a central hub for research, enabling users to evaluate opportunities, set personalized alerts, and monitor portfolios based on their individual investment strategies.

Users will be able to define specific conditions, such as a stock crossing a long-term moving average, and have the AI continuously monitor the market, analyze relevant signals, and surface actionable insights in real time. The system will also review portfolios on an ongoing basis, helping investors avoid potential losses and uncover new opportunities aligned with their strategy.

This latest step builds on Investing.com’s broader strategy of expanding its AI-powered suite, including WarrenAI, ProPicks AI, and its recently launched AI Chart Analysis, all aimed at delivering faster, more accurate and more actionable insights to investors.

View original content:https://www.prnewswire.com/news-releases/investingcom-acquires-stonki-to-accelerate-its-entry-into-the-agentic-ai-era-302756588.html

SOURCE Investing.com

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