LG Energy Solution (XKRX:373220) Inventories, Work In Process : ₩0 Mil (As of Dec. 2023)

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What is LG Energy Solution Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. LG Energy Solution's work in process for the quarter that ended in Dec. 2023 was ₩0 Mil.

LG Energy Solution Inventories, Work In Process Historical Data

The historical data trend for LG Energy Solution's Inventories, Work In Process can be seen below:

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LG Energy Solution Inventories, Work In Process Chart

LG Energy Solution Annual Data

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Inventories, Work In Process

LG Energy Solution Quarterly Data
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LG Energy Solution Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

LG Energy Solution (XKRX:373220) Business Description

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Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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