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LG Energy Solution posts KRW 25.6 trillion in consolidated revenue and KRW 575.4 billion in operating profit in 2024 Company to focus on proactively responding to market volatilities in the short term and securing fundamental competitiveness in the mid-to-long term This year's guidance forecasts a 5-10 percent year-on-year increase in annual revenue, with capital expenditure expected to be reduced by 20-30 percent compared to last year SEOUL, South Korea, Jan. 24, 2025 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced its fourth-quarter and full-year earnings for 2024, along with its key business initiatives for 2025. For the full year, the company reported KRW 25.6 trillion in consolidated revenue and KRW 575.4 billion in operating profit, a year-on-year decrease of 24.1 percent and 73.4 percent, respectively. The operating profit margin was 2.2 percent, including the IRA tax credit effect. "Last year, we actively responded to EV demand in North America," said Chang Sil Lee, CFO of LG Energy Solution. "At the same time, sales in Europe decreased due to slow EV market growth, while average selling price (ASP) also declined because of continued metal price impact, leading to a decrease in our full-year revenue." "Although a lower utilization rate led to increased fixed costs and lower profitability, we saw continued improvements in material cost ratio last year," Lee said. In 2024, LG Energy Solution initiated the stable mass production its new joint venture plants in the U.S., Canada, and Indonesia, and achieved the record-high yield, securing capabilities for a stable global operation. In terms of the EV business, the company successfully expanded its product lineup with new chemistries and form factors, and also expanded its ESS business by accelerating its intake of large-scale power grid projects in North America. Last year marked a year of technological advancement for LG Energy Solution, as it prepared for the mass production of its 46-Series cylindrical batteries and pilot production line for dry electrodes in Ochang, Korea. In addition, the company secured high-quality, IRA-compliant critical minerals and LFP[1] cathode materials by taking various proactive measures, such as investing in a lithium mining company. In the fourth quarter, the company posted consolidated revenue of KRW 6.4512 trillion, a 6.2 percent decrease quarter-on-quarter. Its quarterly operating loss was KRW 225.5 billion, including the estimated IRA tax credit amount of KRW 377.3 billion. 2025 Market Forecast The global battery market, encompassing the EV, ESS, and IT sectors, is expected to grow by over 20 percent[2] annually starting in 2025. For the EV market, the company expects its first-mover advantages in the North American battery market to continue to expand, driven by the growing trend of protectionism. At the same time, the increasing volatility of green policies in major countries is expected to decelerate the growth of EV demand in the short term. Regarding the ESS market, LG Energy Solution foresees an increasing need for regional renewable energy infrastructure thanks to the emerging importance of energy security. The company also expects power demand to surge on the back of the expansion of AI-driven data centers and predicts securing local battery supplies will become ever more critical in response to the higher tariffs on batteries from China set to take effect in 2026. 2025 Key Business Initiatives In the short term, LG Energy Solution will focus on proactively responding to market volatilities. The company will enhance its financial stability by adjusting the timeline of investment for the construction of new facilities and prioritizing the execution of critical investments. At the same time, it will maximize the utilization of its existing capacity by processing new orders for LFP and high-voltage mid-nickel batteries on idle production lines within existing facilities. The company will also enhance its operational compatibility across production facilities, namely by diversifying form factors within each facility and converting production lines between EV and ESS batteries to proactively respond to local customer needs. In the mid-to-long term, LG Energy Solution will continue its efforts to reinforce its fundamental competitiveness. It will secure a competitive edge in products by offering optimized solutions for each EV segment and further differentiating its high-capacity LFP batteries for ESS systems. The company will also focus on enhancing product quality by advancing its BMS[3] diagnostic technologies and AI-based quality management system. Securing structural cost competitiveness is another long-term initiative. As part of this, the company will expand the use of cost-effective materials, promote investment in upstream companies, and reduce processing costs by expanding production automation. To prepare for the future, it will expedite the commercialization of dry electrodes and lithium-sulfur all-solid-state batteries by setting up their pilot lines, while also expanding the business from hardware to software by fostering its BaaS[4] and EaaS[5] businesses. Based on its key business initiatives for this year, LG Energy Solution announced its goal to achieve a 5-10 percent year-on-year increase in annual consolidated revenue in 2025. Although it predicts unfavorable ASP due to the continued trend of low metal prices, the company expects that the initiation of mass production at its new plants in North America and the increase in new product shipments will positively contribute to this year's revenue growth. The company also aims to reduce this year's capex by 20-30 percent compare to last year, by adjusting the pace of investment and maximizing the utilization of existing sites. In addition, the estimated capacity eligible for the IRA tax credits this year is expected to be around 45-50GWh, as the company is well positioned to realize its first-mover advantages in the region by starting operations at its new facilities and expediting the mass production of its ESS batteries. [1] LFP: lithium, iron, phosphate [2] GWh basis [3] BMS: battery management system [4] BaaS: battery-as-a-service [5] EaaS: energy-as-a-service 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.
Exhibition booth attracts 65,000 cumulative visitors, showcasing innovative mobility components Innovative technologies presented through a 'User-Centric storytelling' approach elicit strong acclaim, inquiries from visiting customers ensue SEOUL, South Korea, Jan. 13, 2025 /PRNewswire/ -- On the 13th, LG Innotek (CEO Moon Hyuksoo) announced that it successfully staged its exhibition at CES 2025 held in Las Vegas, USA. Visitors at LG Innotek's CES 2025 Exhibition Booth Situated at the entrance of the West Hall of the Las Vegas Convention Center (LVCC), LG Innotek's exhibition booth attracted a steady stream of visitors from its opening on the first day of the CES event, on January 7th (local time). Visitors at LG Innotek's CES 2025 Exhibition Booth During the four-day exhibition period that lasted until the 10th, more than 65,000 visitors were recorded at the LG Innotek booth. Many visitors showed great interest, leading to product inquiries and on-the-spot meeting requests. A company representative said, "This year, we prominently displayed a 1,800-inch large-scale video advertisement in the Main Hall of the West Hall and a 9-meter-tall banner at the booth entrance, effectively enhancing brand awareness and exhibition promotion." At CES 2025, LG Innotek focused its exhibition on the theme of mobility to solidify its position as a 'Total Solution Provider' in the global market for future mobility. In particular, LG Innotek designed its open booth with a sleek, futuristic black aesthetic, showcasing not only a future vehicle mockup but also its new brand identity, 'ENABLE THE NEXT', and the slogan, 'YOUR ASPIRATION, OUR INNOVATION.' At the center of the exhibition booth, the future vehicle mockup displayed 15 key components for sensing, communication, and lighting. Additionally, the high-value vehicle lighting module, Nexlide A+, which won the CES 2025 Innovation Award, garnered significant attention. LG Innotek Nexlide showcased at CES 2025 In the expanded private booth, which was 30% larger than the previous year, various innovative and integrated solutions combining optical, communication, and automotive technologies were presented through an immersive User-Centric storytelling approach, receiving positive feedback. Among these, the RGB-IR In-Cabin Camera Module, unveiled for the first time at CES 2025, stood out. This camera can monitor driver conditions, such as detecting drowsiness, and alert the driver immediately. An LG Innotek employee demonstrating the In-Cabin Camera Module at CES 2025 Unlike conventional models, this new module features a 150-degree field of view, enabling simultaneous monitoring of the driver, front passenger, and rear passengers. It integrates a 5-megapixel RGB camera, an IR camera for low-light environments, and a 3D camera that supports facial recognition for functions like login and payment. When a driver logs in using facial recognition, settings such as radio channels and air conditioning levels, adjusted by previous drivers, are automatically switched to the new driver's preferences. A North American customer said, "It's impressive how such advanced features, which enhance convenience for drivers, are incorporated into a single small camera module." The innovation of 'Nexlide Vision,' developed with LG Innotek's proprietary vehicle lighting technology, also drew attention. Combining pixel lighting and smart film technology, this product can implement pixels, surfaces, and lines simultaneously. For instance, by writing a desired message on the adjacent pad, the text instantly appears on the vehicle's lighting grill. This innovative application demonstrated how advanced communication capabilities can be integrated into vehicle lighting. A customer who experienced Nexlide Vision's lettering feature said, "If an emergency stop is required while driving, it's possible to use Nexlide Vision to communicate specific reasons to following vehicles, potentially preventing accidents. LG Innotek's technology is truly remarkable." Furthermore, LG Innotek's comprehensive lineup of mobility solutions, including the Next-Generation Digital Key Solution, Vehicle AP Module, All-Weather Camera Solution, and the groundbreaking B-Link, which combines a wireless Battery Management System (BMS) with a Battery Junction Box (BJB), were prominently showcased at CES 2025. CEO Moon Hyuksoo stated, "Through CES 2025, LG Innotek has further strengthened its position as a leader in future mobility components. We will continue to deliver innovative solutions that provide differentiated value to customers and grow as the reliable technology partner enabling our customer's aspiration." LG Innotek CEO Moon Hyuksoo
Suitable for on-grid, off-grid and portable use 96.5% DC-AC conversion efficiency 1000W rated power AC charge/discharge 1600W high-power PV input 4ms on-grid/off-grid switch NINGBO, China, Jan. 13, 2025 /PRNewswire/ -- At Deye, we believe in redefining the way customers experience energy—whether customers are seeking reliable backup power for their home or exploring the great outdoors. Today, we're proud to introduce the Deye Micro Hybrid Energy Storage System, AE-F(S)2.0-2H2, a game-changing innovation that brings intelligent, flexible, and portable energy solutions to customers' fingertips. The Deye Micro Hybrid ESS is an all-in-one system that combines an energy storage micro-inverter, battery modules, and a Battery Management System (BMS) into one compact unit. Designed with the modern lifestyle in mind, this system offers seamless integration with customers' home and outdoor activities, offering intelligent monitoring and power management 24/7 via Lora smart communication and an easy-to-use APP monitoring interface. With 6,000 cycle life, the system is designed for a 10-year service life, and also comes with a 5-year warranty for added assurance. 1. Plug-and-Play Simplicity With its minimalist design, the Micro Hybrid ESS is a true plug-and-play solution. It offers multiple output ports, meeting the diverse energy needs of various devices simultaneously, whether at home or in the great outdoors. Equipped with two MPPTs and a high PV power input of 1600W, it can be paired with over 99% of photovoltaic panels on the market, offering maximum flexibility. 2. High-Performance, Low Noise The Micro Hybrid ESS is engineered for high performance. Featuring a 2kWh LFP battery, the system can expand up to 10kWh for extended power supply. Whether users need emergency backup at home or are camping off the grid, this system guarantees ultra-low noise during use thanks to its fanless design, making it the perfect companion for both residential and outdoor settings. 3. A Greener Future in Every Mode The Deye Micro Hybrid ESS is designed for smart energy management with three intuitive modes: Green Power Mode: Uses solar energy first to power your home, then charges the battery with any leftover. If more power is needed, the battery supplements the shortfall and sells excess power to the grid under the guarantee of the set SOC, thereby minimizing reliance on purchased electricity. TOU(Time-of-Use) Mode: Allows you to optimize energy consumption based on time-of-use pricing, buying electricity during off-peak hours and using or selling it back during peak hours. Full Charge Mode: Acts as a backup power source during emergencies, ensuring your home stays powered during outages or extreme weather events. 4. Empower Existing Systems to New Heights The Micro Hybrid ESS features a unique AC coupling function that easily upgrades existing balcony micro-inverter systems. It could ensure no energy waste from the exsiting systems while meeting power needs during nighttime or outages. It also supports Deye Smart loT System for further enhancement. When quipped with Deye Wireless Smart CT for Zero Export, this system could enhance its percentage of self-consumption. And if equipped with Deye Smart Plug, the system could realize 24-hour time-zone intelligent control of whole-house power equipment on and off. 5. Compact, Powerful, and Versatile: Ideal for Every Lifestyle The Deye Micro Hybrid ESS is designed with flexibility in mind. Whether you're someone seeking a reliable home backup power solution or simply an outdoor enthusiast, an RV traveler, this system is built to meet your needs. Its compact size—occupying less than 1/4 square meter—makes it an ideal solution for small apartments or spaces where every inch matters. With an IP65 rating and capable of operating in extreme temperatures from -10°C to 50°C, it's ready to perform in all weather conditions. The Deye Micro Hybrid Energy Storage System is not just about today; it's about tomorrow. Technology may not give meaning to people's life in a direct way, but this Deye new innovation could empower people to explore the distant places they long for. With green energy by customers' side and electricity at their command, let the Deye AE-FS2.0-2H2 Micro Hybrid Energy Storage System be customers' charging station for every step of their journey.
HONG KONG, Jan. 8, 2025 /PRNewswire/ -- Gleesfun, a rising innovator in drone technology, has unveiled the G11PRO Drone, redefining the consumer drone market with a balance of cutting-edge features and affordability. The G11PRO boasts a sleek design, a 3-axis brushless gimbal for stable footage, and a GQ2.0 digital transmission system with a range of up to 10,000 feet. Dual batteries deliver an impressive total flight time of about 70 minutes. Equipped with a Sony camera, the drone captures 4K/30fps video and 6K photos with exceptional clarity, making it the perfect tool for precise and stunning aerial photography. G11PRO-Professional Drone with 6K Camera Advanced 3-Axis Brushless Gimbal for Stable FootageTo achieve exceptional stability and image clarity, Gleesfun developed a state-of-the-art three-axis brushless gimbal system, which is equipped on the G11PRO. This design ensures precise control of pitch, roll, and yaw, maintaining balance even in challenging wind conditions and dynamic flight postures. The brushless motors not only enhance durability and maneuverability but also ensure optimal portability for aerial photography. Powered by a high-performance control chip, the gimbal synchronizes seamlessly with the flight and imaging systems, ensuring smooth, professional-grade aerial footage. 6K Photos & 4K/30fps Video: Professional-Grade ClarityThe G11PRO is equipped with a Sony camera and advanced high-resolution technology, delivering unparalleled image quality. Its 1/3.2-inch CMOS sensor ensures rich details, accurate colors, and a wide dynamic range, allowing for clear footage in various lighting conditions. With 6K photo capabilities and smooth 4K/30fps video recording, this drone is perfect for creative professionals and hobbyists alike, enabling post-production flexibility and helping you bring your ideas to life. Cruise Control for Effortless Cinematic ShotsThe G11PRO introduces Cruise Control technology to simplify aerial photography. This innovative feature streamlines flight operations, allowing users to capture cinematic-quality footage with ease. With a single takeoff button and intuitive joystick control, the drone's flight control system and gimbal automatically stabilize for high-definition, lossless image quality. Additionally, multi-directional modes support 3D aerial photography, allowing users to create captivating videos effortlessly. GQ2.0 Digital Image Transmission SystemThe G11PRO features Gleesfun's proprietary GQ2.0 digital image transmission system, setting a new standard for reliability and performance. Equipped with a high-performance transmission chip and dual-antenna design, it guarantees smooth, stable, and lag-free video transmission over distances of up to 10,000 feet. The plug-and-play wired connection technology enhances user convenience, making it perfect for both beginners and professionals. The ergonomically designed remote control ensures a comfortable grip and intuitive button layout, delivering a seamless and enjoyable flying experience. GL2.0 Smart Battery Management SystemSay goodbye to short flight times and long charging hours with Gleesfun's own GL2.0 Smart Battery Management System. Each battery offers about 35 minutes of flight time, with two batteries included for a total of about 70 minutes. It supports fast charging in about 2.5 hours and provides over 300 charge cycles with 80% performance retention, ensuring long-term reliability. The breathing light alert helps prevent misuse, while the system adjusts charging currents for enhanced safety. Enjoy longer flights, faster recharges, and worry-free operation with this advanced system. G11PRO: An Exceptional Aerial Photography DroneThe Gleesfun technical team, with its expertise in product development, is dedicated to making the G11PRO an exceptional aerial photography drone, enabling users to capture stunning, high-quality footage from unique perspectives.To learn more about Gleesfun's innovative aerial photography solutions, visit https://www.gleesfun.com/. About GleesfunGleesfun is an emerging innovator in drone technology, focused on developing high-performance drones with advanced features. By combining cutting-edge technology with ease of use, Gleesfun aims to provide both professionals and enthusiasts with drones to capture incredible aerial footage. Media Contactpr@rukotoy.com
AD/ADAS Sensing components, including the RGB-IR In-Cabin Camera Module, in the limelight Unveiling of new products for automotive communication and lighting, from AP modules to Nexlide Vision LAS VEGAS and SEOUL, South Korea, Jan. 7, 2025 /PRNewswire/ -- LG Innotek (CEO Moon Hyuksoo) will participate in the Consumer Electronics Show (CES) 2025 in Las Vegas from January 7 to 10, where it will unveil its innovations in future mobility. LG Innotek unveiled its CES 2025 booth during a Pre-Booth tour for Korean journalists on January 6. The booth, spanning approximately 3,500 square meters, will be located at the entrance of the West Hall in the Las Vegas Convention Center (LVCC). This year, the company has planned an exclusive exhibition dedicated to the theme of mobility. A representative of LG Innotek stated, "We focused on showcasing innovative mobility solutions that deliver distinguished customer value," and added, "We adopted a storytelling approach to enable visitors to vividly experience the unique solutions provided by LG Innotek from an end-user perspective." At the center of the exhibition booth will be a mockup of a future vehicle, showcasing 15 types of components for vehicle sensing, communication, and lighting—key business areas of LG Innotek. ■ AD/ADAS sensing components, including the RGB-IR In-Cabin Camera Module, in the limelight In the exhibition, LG Innotek will display many innovative products that are poised to spearhead its sensing components business for Autonomous Driving (AD) and Advanced Driver Assistance Systems (ADAS). One such example is the RGB-IR In-Cabin Camera Module, which will be unveiled for the first time at CES 2025. Equipped with a 5-megapixel RGB (red, green, blue) and IR (infrared) sensor, it can detect the driver's condition in real time to combat drowsiness. With a single compact camera module, it also monitors the condition of passengers, such as whether their seat belts are fastened in both the front and rear rows, improving space efficiency and design flexibility. Additionally, LG Innotek will exhibit its All-Weather Camera Solution, which adds a dust-cleaning function to the existing High-Performance Heating Camera Module. ■ Unveiling of new products for automotive communication and lighting, from AP modules to Nexlide Vision Vehicle communication components developed by incorporating LG Innotek's unparalleled proprietary wireless communication technology are also worth seeing. These include the 5G-V2X Communication Module; Next-Generation Digital Key Solution, combining Ultra-Wideband (UWB) radar technology; and Automotive AP Module, a new addition to LG Innotek's business portfolio of electronic components. AP modules, which are seeing increasing demand in the era of Software-Defined Vehicles (SDVs), are automotive semiconductor components that integrate automotive electronic systems such as ADAS and Digital Cockpit. They serve as the "brain" of a vehicle, similar to a computer's CPU. In addition, Nexlide A+, a vehicle lighting module that won the CES 2025 Innovation Award, will be showcased alongside other innovations in the vehicle mockup and Nexlide Zone, which was designed specifically to highlight LG Innotek's unique automotive lighting technologies and innovations. Among them, Nexlide Vision stands out. It combines the existing Pixel Lighting, which enables the vehicle's lighting to produce various text and animation effects, with Smart Film technology. This combination allows the simultaneous creation of not only pixels but also faces and line shapes, enhancing customer flexibility in design. Other products that will be on display include B-Link (Battery Link), the world's first combination of a wireless Battery Management System (BMS) and Battery Junction Box (BJB). This product is becoming increasingly popular as an essential component of electric vehicles. It uses miniaturization design technology for the efficient use of battery pack space. Compatible with both 400V and 800V chargers, it maximizes customer convenience. LG Innotek CEO Moon Hyuksoo said, "We anticipate the acquisition of new clients and business opportunities at CES 2025," and added, "LG Innotek aims to solidify its position as a total solution provider for future mobility." LG Innotek will also launch an online exhibition center on its website (https://lginnotek-virtualshowroom.com/ces-2025/) that replicates its offline booth at CES 2025. This platform will provide a multitude of information, including detailed information on products to be exhibited and a field sketch of the exhibition. Online visitors will be able to gain an interactive experience that makes them feel as if they are actually visiting the offline booth in person. Journalists participating in LG Innotek's Pre-Booth Tour on January 6 (local time). Journalists participating in LG Innotek's Pre-Booth Tour on January 6 (local time). LG Innotek’s vehicle lighting module, ‘Nexlide,’ showcased at CES 2025. Overview of LG Innotek’s booth at CES 2025. [References] CES 2025 LG Innotek Booth by Zone <Open Booth> ① Mobility Zone: Fifteen types of LG Innotek's core mobility components, including those for vehicle sensing, communication, and lighting, will be applied to a future vehicle mock-up—the highlight of the booth—and showcased to visitors. ② Main Attractor Zone: This zone will feature a "User Scene"-based future mobility video that demonstrates how LG Innotek's various mobility components can transform drivers' daily lives. It will also include content introducing LG Innotek's new vision. ③ Nexlide Zone: This zone will display actual modules and exploded views of two of the latest Nexlide products. LG Innotek's patented technologies for automotive lighting, such as surface light source technology, will be presented in detail. The Nexlide-A+ product, which won the CES 2025 Innovation Award, will also be on display. <Private Booth> ① Smart and Safe Driving Zone: Essential sensing components for safe driving, such as LiDAR (light detection and ranging) and the All-Weather Camera Solution, will be exhibited with demonstration videos. ② Dynamic Space Zone: This zone will feature products that offer greater convenience for drivers and passengers inside vehicles, such as UWB digital keys and RGB-IR In-Cabin camera modules (5MP RGB-IR) designed for infotainment. ③ Sustainability Zone: This zone will display the wireless Battery Management System (BMS), which is becoming an essential part of electric vehicles, and B-Link (Battery Link), which combines BMS and Battery Junction Box (BJB) functions.
Organizing a Exhibition Booth for Future Mobility in the West Hall Showcasing 41 core components, including vehicle sensing, communication, and lighting technologies, using a user-centric storytelling technique SEOUL, South Korea, Dec. 13, 2024 /PRNewswire/ -- LG Innotek (CEO Moon Hyuksoo) announced on December 13 that it will be participating in the upcoming Consumer Electronics Show 2025 (CES 2025), where it will unveil innovative components and new technologies designed for future mobility. Teaser image of the “LG Innotek Virtual Showroom,” the company’s online exhibition pavilion for CES 2025 Organizing a Exhibition Booth for Future Mobility in the West Hall CES 2025, set to take place in Las Vegas from January 7 to 10, 2025, will bring together innovative global companies that are pioneering future industries to showcase a wide range of new products and technologies. Mobility is one of the most prominent sectors at CES, gaining importance each year. The West Hall of the Las Vegas Convention Center (LVCC) is expected to attract significant attention throughout the exhibition period, offering visitors the chance to experience first-hand the innovative technologies of global automotive and vehicle electronics companies aimed at ushering in a sustainable and connected future. LG Innotek will set up an open exhibition booth near the entrance of the West Hall, the same location as this year. Unlike previous years, however, CES 2025 will be focused on the theme of future mobility. An LG Innotek representative said, "We have designed our exhibition to reflect our focus on mobility solutions, leveraging CES as a platform for exploring new business opportunities in vehicle electronics and sensing components." Showcasing 41 core components, including vehicle sensing, communication, and lighting technologies, using a user-centric storytelling technique At CES 2025, LG Innotek will exhibit 41 future mobility components featuring its unique sensing, communication, lighting, and control technologies. A highlight of the booth will be the Future Vehicle Mockup, featuring 15 flagship products. Key products include sensing components for Autonomous Driving (AD) and Advanced Driver Assistance Systems (ADAS), such as a high-performance in-cabin camera module and high-performance Light Detection And Ranging (LiDAR) system, which will be unveiled for the first time at CES 2025. Also to be introduced are the 5G-V2X communication module, next-generation digital key solution, and vehicle connectivity products such as the Application Processor (AP) Module, the latest addition to LG Innotek's electronic components business portfolio. The booth will also feature a separate Nexlide Zone to display actual modules and exploded views of two of LG Innotek's latest Nexlide products equipped with the company's unique vehicle lighting technology, including the Nexlide A+, a vehicle lighting module that won the CES 2025 Innovation Award. Unique to this year's exhibition is the adoption of a user-centric storytelling technique, which highlights the company's differentiated services provided by LG Innotek's mobility components with a focus on the end user's perspective. In a private booth, open exclusively to invited customers, LG Innotek will unveil new products, such as a Battery Management System (Wireless BMS), which is essential for electric vehicles, and the Battery Link (B-Link), an integrated solution that combines BMS, and Battery Junction Box (BJB) functions. LG Innotek CEO Moon Hyuksoo stated, "CES 2025 will be a significant opportunity for LG Innotek to strengthen its position as a total solution provider in future mobility." He went on to say, "We remain committed to delivering innovative products and technologies that provide unique value to our customers while fostering the mobility components business as a key growth engine for the company." On December 9, LG Innotek will also launch an online exhibition center on its website (https://lginnotek-virtualshowroom.com/ces-2025-teaser/) that replicates its offline booth at CES 2025. This platform will provide detailed information on products that will be exhibited, a 3D virtual exhibition sketch, and other resources. Online visitors will be able to gain an interactive experience that replicates the excitement of the live event.
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battery management system
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