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TPC Mechatronics vs LG Energy Solution: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

TPC Mechatronics Corporation (048770.KQ)

LG Energy Solution Ltd (373220.KO)

Q3 2026
▲2▼2

LG Energy pivots to energy storage as EV demand slumps

  • Honda buys out Ohio JV stake Honda bought LG's stake in their Ohio joint venture for $2.5 billion, converting it to data-center batteries. This signals weaker EV demand and removes a major partnership.

    It shows a key negative event that hurt investor sentiment.

  • Q2 profit plunges 77% Q2 operating profit fell 77% to 113 billion won, with an operating loss excluding US tax credits. This highlighted weak core profitability amid the EV slowdown.

    It quantifies the financial impact of the EV slump.

  • ESS shipments surge 357% Energy storage system shipments jumped 357% as LG shifted focus from EVs. This pivot helped offset weak EV battery demand and drove growth.

    It shows the successful shift to a growing market.

  • Q3 profit beats estimates Q3 operating profit reached 756 billion won, more than doubling estimates, though boosted by tax credits. The strong result lifted investor confidence.

    It reflects a major positive earnings surprise.

September 2026
▲4

LGES pivots to storage, locks supply, and profit beats on US credits

  • Lansing plant starts production LG Energy Solution began production at its new Lansing, Michigan plant, adding 35GWh of capacity for EV and energy storage batteries. This expands its North American footprint and supports future revenue growth, though it also adds fixed costs.

    New plant start is a concrete capacity expansion that directly affects future supply and sales.

  • Shift to energy storage systems LGES is shifting focus from EV batteries to energy storage, with five of eight North American plants making ESS batteries by year-end. Surging demand from AI data centers is a new growth area, potentially boosting revenue and diversifying away from slower EV demand.

    This strategic pivot addresses a major new demand source and reduces reliance on EVs.

  • Secures local lithium supply LGES signed a 10-year deal for lithium carbonate from Smackover in the US, ensuring a local supply for its battery plants and helping meet rules that restrict foreign materials. This lowers supply risk and supports US tax credit eligibility.

    Securing raw materials locally is key to cost control and regulatory compliance.

  • Q3 profit more than doubles, beats estimates LGES reported preliminary Q3 operating profit of 756 billion won, more than double expectations, driven by US production tax credits and a joint-venture restart. Shares jumped 4%. Excluding credits, profit was 339 billion won, showing underlying improvement.

    Earnings beat is a direct positive for investor sentiment and shows financial strength.

Latest
▲4

LGES pivots to storage, locks supply, and profit beats on US credits

  • Lansing plant starts production LG Energy Solution began production at its new Lansing, Michigan plant, adding 35GWh of capacity for EV and energy storage batteries. This expands its North American footprint and supports future revenue growth, though it also adds fixed costs.

    New plant start is a concrete capacity expansion that directly affects future supply and sales.

  • Shift to energy storage systems LGES is shifting focus from EV batteries to energy storage, with five of eight North American plants making ESS batteries by year-end. Surging demand from AI data centers is a new growth area, potentially boosting revenue and diversifying away from slower EV demand.

    This strategic pivot addresses a major new demand source and reduces reliance on EVs.

  • Secures local lithium supply LGES signed a 10-year deal for lithium carbonate from Smackover in the US, ensuring a local supply for its battery plants and helping meet rules that restrict foreign materials. This lowers supply risk and supports US tax credit eligibility.

    Securing raw materials locally is key to cost control and regulatory compliance.

  • Q3 profit more than doubles, beats estimates LGES reported preliminary Q3 operating profit of 756 billion won, more than double expectations, driven by US production tax credits and a joint-venture restart. Shares jumped 4%. Excluding credits, profit was 339 billion won, showing underlying improvement.

    Earnings beat is a direct positive for investor sentiment and shows financial strength.

July 2026
▲2▼2

LG Energy pivots to energy storage as EV demand slumps

  • Honda JV shifts from EVs to data-center batteries Honda is converting its Ohio joint-venture plant with LG from EV batteries to energy storage for AI data centers, and will buy out LG's stake for $2.5 billion. This reduces LG's role in the facility and signals weaker EV demand, weighing on the stock.

    This is a major strategic shift that reduces LG's exposure to the growing ESS market at this plant and reflects broader EV weakness.

  • Q2 operating profit plunges 77% on weak EV demand LG reported a 77% year-on-year drop in second-quarter operating profit to 113 billion won, missing forecasts. Excluding US tax credits, it posted an operating loss. Sluggish EV battery sales and North American ESS assembly bottlenecks hurt results.

    This is the key financial result that directly shows the earnings pressure on the company.

  • Patent lawsuit against EVE Energy protects LG's technology LG filed a patent infringement lawsuit and a US ITC 337 investigation against EVE Energy. If successful, this could limit a competitor's access to the US market and defend LG's battery technology and pricing power.

    This legal action could strengthen LG's competitive position and is a new regulatory development.

  • ESS shipments surge and GM plant restarts LG's energy storage cell shipments jumped 357% year-on-year in the first half, nearing the global top ten. Meanwhile, its Ohio joint-venture plant with GM will resume production after a seven-month shutdown, easing supply constraints.

    These two positive operational updates show growing demand for LG's ESS products and a recovery in production capacity.

▲2▼2

LG Energy pivots to energy storage as EV demand slumps

  • Honda JV shifts from EVs to data-center batteries Honda is converting its Ohio joint-venture plant with LG from EV batteries to energy storage for AI data centers, and will buy out LG's stake for $2.5 billion. This reduces LG's role in the facility and signals weaker EV demand, weighing on the stock.

    This is a major strategic shift that reduces LG's exposure to the growing ESS market at this plant and reflects broader EV weakness.

  • Q2 operating profit plunges 77% on weak EV demand LG reported a 77% year-on-year drop in second-quarter operating profit to 113 billion won, missing forecasts. Excluding US tax credits, it posted an operating loss. Sluggish EV battery sales and North American ESS assembly bottlenecks hurt results.

    This is the key financial result that directly shows the earnings pressure on the company.

  • Patent lawsuit against EVE Energy protects LG's technology LG filed a patent infringement lawsuit and a US ITC 337 investigation against EVE Energy. If successful, this could limit a competitor's access to the US market and defend LG's battery technology and pricing power.

    This legal action could strengthen LG's competitive position and is a new regulatory development.

  • ESS shipments surge and GM plant restarts LG's energy storage cell shipments jumped 357% year-on-year in the first half, nearing the global top ten. Meanwhile, its Ohio joint-venture plant with GM will resume production after a seven-month shutdown, easing supply constraints.

    These two positive operational updates show growing demand for LG's ESS products and a recovery in production capacity.