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Battery maker LG Energy Solution Ltd said on Tuesday it aims to boost sales by about 8 percent in 2022, forecasting a pick-up in demand for electric vehicle (EV) batteries as a global chip shortage eases later this year. The newly listed South Korean firm, which accounts for a fifth of the global EV battery market, swung to profit in the October-December quarter, even as the
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LG Energy Solution debuts after $13 trillion frenzy in Korea's biggest IPO
Battery maker becomes South Korea’s third most-valuable company after Samsung Electronics and SK Hynix.
The listing debut will set the tone for upcoming IPOs in South Korea as retail investors flock to the market.