In today’s briefing:
- LG Energy IPO – The Financials
LG Energy IPO – The Financials
- LG Energy has demonstrated the ability to rapidly grow revenue and a $27.5bn revenue target for FY24 looks reasonable enough based on current conditions.
- However, that growth has come with numerous issues such as recalls due to battery fires and questionable strategic positioning for the future.
- In addition, overall profitability metrics look challenging relative to peers such as CATL.
Before it’s here, it’s on Smartkarma