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LG Energy Solution Cuts 2024 Spending Amid Slow EV Demand
LG Energy Solution’s profits plummet nearly 40% amid sluggish EV demand
LG Energy Solution reported an operating profit drop of nearly 40% for Q3, attributing the decline to sluggish demand for EVs.
LG Energy Solution Q3 profit slumps but beats market forecasts
SEOUL (Reuters) -South Korean battery firm LG Energy Solution (LGES) posted on Monday a 39% drop in quarterly profit, but the result was better than analysts had feared thanks to improved demand from some European and North American automakers.
LG Energy Solution Cuts 2024 Spending Amid Slow EV Demand, Warns of 2025 Challenges
LG Energy Solution announced significant capital expenditure cuts for 2024, citing a sluggish EV market, geopolitical risks, and mounting competition, especially from Chinese battery makers. The South Korean
LG Energy Reports 40% Drop in Profits as EV Demand Tanks
LG Energy Solution reported a 40% drop in third-quarter profits due to declining EV demand and intense competition from Chinese battery producers.
LG Energy Solution Q3 profit drops on weak EV demand
South Korean battery firm LG Energy Solution (LGES) posted on Monday a 39% drop in quarterly profit, hit by slowing demand for electric vehicles. The company, which supplies Tesla, General Motors and Hyundai Motor,
LG Energy Solution logs 38.7% fall in operating profit in Q3 on slowing EV sales
LG Energy Solution recorded a 38.7 percent drop in operating profit in the third quarter due to the slowdown in EV sales.
LG Energy Solution Reports 39% Profit Drop Amid Improved Demand from Automakers
LG Energy Solution Sees Profit Decline Despite Stronger Demand South Korean battery manufacturer LG Energy Solution (LGES) reported a 39% decrease in quarterly profits on Monday. Despite this decline,
14h
LG Energy Profits Tumble 40% on Waning Battery-Powered Car Sales
Sluggish demand for electric vehicles haunted South Korean battery maker LG Energy Solution Ltd., dragging its profits down ...
Green Car Reports
34m
LG shifting Ford Mustang Mach-E battery production to Michigan
LG currently manufactures EV batteries in Holland, Michigan, but the battery supplier and Ford had planned another facility ...
16h
The 5 Best LG TVs—Tested And Selected By Tech Experts
LG has a diverse range of options. Our list of the five best LG TVs is topped by the incredible LG OLED EVO G4, but we have ...
4d
LG Chem files lawsuit against unit of China's Ronbay over battery tech
South Korea's LG Chem said on Wednesday it has filed a patent infringement lawsuit at a Seoul court against a South Korean ...
2d
Hurry! This LG smart washer is $300 off at Best Buy
Soak and scrub your clothes to perfection with the LG 4.5 Cu. Ft. High Efficiency Stackable Smart Washer, now on sale for ...
6d
How LG Is Making Smart Appliances Even Smarter
I was always a little dubious of why I might ever need a smart toaster that I could control with a phone app. Apparently, so ...
Zawya
7h
LG releases third-quarter 2024 financial results
Company Achieves Highest Third-Quarter Revenue and Sustains Year-Over-Year Growth for Four Consecutive Quarters ...
5d
on MSN
Act fast! This 77-inch LG OLED is $1,500 off today
It’s time to get discounts on some 2024 TVs! Save $1,500 when you order the LG 77-inch B4 OLED through Best Buy as part of ...
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