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LG Energy Solution Ltd. is pivoting towards energy storage systems (ESS) due to a decline in electric vehicle demand, particularly in the US. The company anticipates a 40% increase in global ESS demand this year and plans to boost its production capacity from 36 GWh to over 60 GWh, while also securing contracts with humanoid robot developers and exploring new battery applications. Amid these challenges, LG Energy reported a Q4 operating loss of 122 billion won and will reduce capital expenditure by 40% to optimize existing production capabilities.