South Korean battery maker LG Energy Solution has reported a surprise loss in its latest quarterly earnings, citing weak demand for electric vehicles in North America. The company, a key supplier to major automakers, saw its net income plummet due to a significant decline in sales and production volumes in the region. As the global electric vehicle market faces headwinds, including rising competition and supply chain disruptions, LG Energy Solution is feeling the pinch. The company's financial struggles come as the EV industry continues to navigate a challenging landscape, with many manufacturers scaling back production plans and reassessing their supply chains.
LG Energy Solution swings to loss amid weak North American EV demand Reuters
