Jihoon Lee: LGES warns of sluggish EV demand in Europe, quarterly profit misses forecasts, ET Auto
Jihoon Lee: South Korea's LG Energy Solution Ltd missed profit expectations due to a one-off cost for General Motors' Bolt EV recall, leading to a 7% share drop. The company faces weaker EV demand in Europe and China, except in the U.S. where forecasts remain unchanged. Operating profit was 461 billion won, below the estimated 612 billion won, attributed to the recall cost of 151 billion won.
Source: indiatimes.com
