Electric vehicle battery company LG Energy Solution's profits surged in the second quarter.

South Korean battery company LG Energy Solution (373220.KS) reported on Friday that its quarterly profit increased by 152%, as some customers in the United States stockpiled batteries before possible tariffs, driving demand in the previous period. The company, which supplies to automakers such as Tesla, General Motors, and Volkswagen, reported an operating profit of 492 billion Korean won in the April to June period, compared to 195 billion Korean won in the same period last year. Analysts had predicted a profit of 298 billion Korean won.