LG Energy Solution's Q2 profit dropped 58% due to weak EV demand.

From Investing.com: 2024-07-24 20:50:35

South Korean battery firm LG Energy Solution (LGES) saw a 58% drop in quarterly profit due to weakening demand for EVs. The company, which supplies Tesla, GM, and Hyundai Motor, reported an operating profit of 195 billion won in the April-June period, down from 461 billion won a year earlier.



Read more at Investing.com: Battery firm LG Energy Solution Q2 profit plunges on weak EV demand By Reuters