Reported about 22 hours ago
LG Energy Solution Ltd. reported a surprising operating loss of 225.5 billion won ($154 million) for the last quarter of 2024, attributing the downturn to a slowdown in electric vehicle (EV) demand which led to a 19% drop in sales. The company's shares fell by as much as 4% following the earnings announcement, amid broader market challenges and shifts in the EV industry, including major customer General Motors scaling back its EV production plans.
Source: YAHOO