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Industry

LG Energy Solution posts 113.3 billion won Q2 operating profit, down 77 percent year on year

LG Energy Solution posted a second-quarter operating profit of 113.3 billion won, returning to the black on higher ESS shipments and increased cylindrical battery sales. Revenue rose 24.8 percent from a year earlier to 7.56 trillion won, while operating profit fell 77.0 percent. The company recorded 241.0 billion won in North America production tax credits reflected in the quarter. First-half operating loss totaled 94.5 billion won and net loss 1.27 trillion won.

Mobility

EU mandates driver face-monitoring cameras in new cars, raising privacy concerns

The European Union has made it mandatory for all new cars sold in the bloc to carry cameras that monitor a driver\'s face direction in real time to reduce drowsy driving and distraction-related crashes. The Advanced Driver Distraction Warning system tracks a driver’s gaze and triggers alerts when eyes leave the road for set periods. Critics cite frequent warnings in normal driving and say how video and gaze data are analysed, stored and deleted remains unclear, raising privacy concerns under EU rules.

Industry

Automakers shift from batteries to drones and robots in AI era

Global automakers are accelerating moves into new businesses that draw on advanced manufacturing as they seek to offset weak demand. Tesla has positioned itself as an AI company focused on robotaxis and its Optimus humanoid robot, while Hyundai Motor acquired Boston Dynamics. GM plans sodium-ion batteries for grid and data-center storage with Peak Energy. Ford is building U.S. plants for large stationary storage systems. Renault is making drones, and BYD and other Chinese EV makers are developing humanoid robots.