South Korean battery giant LG Energy Solution will accelerate its North American supply chain localization strategy to cope with the tariff impact.

Regulatory changes such as the U.S. tariff policy and the European Union’s industrial action plan for the automotive industry are expected to have a wide-ranging impact on the battery industry, LG Energy Solution disclosed Wednesday in its financial results report for the first quarter of 2025.

The company said it will focus on optimizing operations, reducing costs and actively expanding strategic business opportunities this year.

LG Energy Solution said that in response to the pressure from the tariff policy, the company will accelerate its strategy of localizing its North American supply chain, collaborate with material companies in the North American market, and respond to the impact together in cooperation.