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it house reported on october 7 that south korean battery manufacturer lg new energy company (lges) said today that it held a vision sharing meeting for all members at the lg science park in magok, seoul.

the new vision is "empower every possibility awakening the world with energy(note from it house: english means giving all possibilities, korean means awakening the world with energy)."

against the backdrop of a slowdown in electric vehicles,lg new energy aims to more than double sales by 2028, focusing on non-electric vehicle business.

lg new energy announced its business portfolio diversification plan to cope with the slowdown in sales caused by declining demand for electric vehicles: lg new energy will expand its involvement in energy storage systems (ess), urban air mobility (uam), and batteries as a service (baas) and energy-as-a-service (eaas) business, "aiming to transform into an energy solutions provider focused on the 'energy cycle' and not just as a battery manufacturer under the new vision."