LG Energy Solution Ltd

373220: XKRX (KOR)
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LG Energy Solution Earnings: Revenue In-Line but Profitability Remains Weak Due to Slow EV Demand

March quarter revenue for LG Energy Solution nudged up 2% year-on-year with battery demand from energy storage systems, offsetting weak electric vehicle demand. Operating income remained in the loss as EV battery profitability continued to face pressure from declining demand in the US.

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