Kim Dong-myung, CEO of LG Energy Solution, stated on the 3rd, "I am confident that the ruler of the supercycle will be LG Energy Solution."
On the same day, Kim sent a message to internal members, noting, "I would like to define this moment as 'the time of the strong.' True capabilities emerge during crises. When the supercycle of the future arrives, ultimately, it will be the corporations equipped with true capabilities that can dominate it."
He noted, "It is true that there are many voices of concern as various policy changes are anticipated in North America," adding, "We must prepare and execute thoroughly with a mindset of 호시우보 (tiger watching and cow walking)."
Kim emphasized, "It is time for us to act steadfastly and silently to maintain a competitive edge in product and price, while responding flexibly to market changes." He added, "We are already equipped with the requirements of the strong and are in the process of accumulating differentiated competitiveness."
Kim cited technological leadership as evidence for this. He stated, "The achievement of large-scale orders for the industry's first lithium iron phosphate (LFP) pouch cell-to-pack (CTP), high-voltage mid-nickel for European commercial vehicles, and the 46 series is a testament to our technological leadership," noting, "We are also preparing the dry electrode, which will be a game-changer, ahead of anyone else."
He also mentioned the global operational capabilities and the records of 'first' and 'best' achieved so far. Kim said, "Last year, we surpassed the all-time highest average yield of 95% in automotive batteries," adding, "Steady order achievements are continuing in each institutional sector, such as electric vehicles and energy storage systems (ESS), and soon, we will create significant synergies aligned with our operational capabilities."
Kim emphasized that LG Energy Solution was selected as one of the top 100 corporations for global sustainability management and recorded first place among battery companies worldwide, stating, "We have accumulated experience through countless successes and failures, which is an asset that cannot be exchanged for anything."
He stated, "This year will continue to be quite challenging, but we plan to wisely cope with it by increasing investment flexibility and through line conversion and efficiency improvements," adding, "Although limited, I expect this year's revenue will grow by 5% to 10%, and we aim to solidify the foundation for a turnaround in profitability by focusing on rebalance and fundamental activities."