Strategic Partnership Announcement

LS ELECTRIC, a leader in the North American power market, has embarked on a groundbreaking partnership with GE Vernova to localize next-generation HVDC conversion equipment. This collaboration marks a significant milestone in the power sector, aiming to revolutionize the transmission grid technology.

Expanding Market Presence

With an impressive order backlog of 1.8 trillion won for ultra-high voltage transformers, LS ELECTRIC is setting new benchmarks in the power business. The company's strategic focus on North America has paid off, with 33% of its total revenue now coming from this region.

Technological Advancements

The MOU with GE Vernova focuses on the localization of gigawatt-class voltage-source HVDC core equipment, leveraging LS ELECTRIC's production infrastructure. This initiative is a testament to LS ELECTRIC's commitment to leading the global market in HVDC technology.

Financial Performance

LS ELECTRIC reported a robust operating profit of 108.6 billion won in the second quarter, showcasing its financial resilience and growth trajectory in the competitive power sector.

Future Outlook

The company is poised for both quantitative and qualitative growth, with plans to expand its distribution volume in North America and secure large-scale customers. Investments in production capacity underscore LS ELECTRIC's ambition to dominate the ultra-high voltage transformer market.