SEOUL -- South Korea's three major battery makers greatly expanded their revenues last year on a heavy backlog of orders, the latest earnings reports show, though upfront investments and higher costs pushed SK Innovation's battery unit deeper into the red.
Electronics
South Korea's 3 battery giants supercharge revenue on order backlog
EV-related sales soar, but SK Innovation widens loss on capacity investment
LG Energy Solution realized huge increases in sales and profit thanks to a surge in orders for batteries. (Photo courtesy of LG Energy Solution)
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