China Southern Power Grid Accelerates Energy Projects During Labour Day Holiday

South Korea’s LS Group recently saw its market value rise to around KRW 64 trillion, driven by growing demand for AI-related power infrastructure. Its subsidiary LS Cable & System, a major global high-voltage cable supplier, continues to benefit from investment in AI data centres, grid upgrades, and energy infrastructure. Public information shows orders for high-voltage transformers, cables, and ESS continue to grow across North America and Asia, with particularly strong expansion in Southeast Asia. Sales from subsidiaries in Vietnam and Indonesia have also accelerated. As AI data centre construction expands, market attention remains on copper demand linked to cables, power equipment, and grid upgrades.

Since the beginning of this year, China's energy storage product exports have been impressive in both scale and growth rate. According to customs data, in Q1 this year, the export value of lithium-ion batteries — one of the most core and critical components of energy storage equipment — increased by over 50% compared to the same period last year.