From Nasdaq, Inc.:

South Korean battery maker LG Energy Solution predicts slowing growth in the global EV market. Profit of 338 billion won for October-December period is in line with forecast but dropped more than half from previous quarter due to weak demand for EVs in Europe. Automaker customer Tesla warned of a sharp sales growth slowdown. LGES says a temporary slowdown of global EV battery demand growth is expected. They also flagged slowing EV market sentiment. LGES targets revenue growth at a mid-single percentage this year with capital expenditure similar to last year. Shares of LGES were trading up 4.9% after quarterly results.(($1=1,339.1500 won))



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