LG Energy Solution said on Oct. 8 it posted third-quarter revenue of 9.64 trillion won and operating profit of 756.0 billion won, up 59 percent and 25.7 percent from a year earlier. Revenue rose 27.6 percent from the previous quarter, while operating profit jumped 567.3 percent. The quarter included 416.9 billion won in U.S. IRA tax credits. Excluding them, operating profit was 339.1 billion won.

Korean anode materials makers are accelerating plans to localise synthetic graphite as a U.S. route for Chinese graphite shifts from high tariffs to tax credit eligibility requirements. With capacity expansions and long-term supply contracts largely concentrated in 2027, domestic cell makers have limited options to replace Chinese materials before then. Import prices have fallen, but U.S. 45X rules on prohibited foreign entities tighten from 2026.