LG Energy Solution Ltd

373220: XKRX (KOR)
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LG Energy Solution Earnings: Profitability Missed on Weak EV Demand; Full Speed in ESS Production

December-quarter revenue for LG Energy Solution slipped 5% year on year due to weak battery demand from electric vehicles. Operating income turned negative, and EV battery profitability continued to face pressure from declining EV demand in the US and low utilization.

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