LG Energy Solution claims reduced operating profit due to slow EV sales

Teslarati
By Maria MeranoApr 10, 2024, 8:07 am75 pts
LG Energy Solution (LGES) recently reported a 75% drop in operating profit. The South Korean battery maker claimed slow EV sales impacted its operating profit. LGES shared that its operating profit fell to $116 million in the first quarter. In comparison, the Asian battery maker reported an operating profit…

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