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LG Energy Solution flags slowing EV demand, posts first quarterly loss in 3 years
South Korean battery firm LG Energy Solution (LGES) said it expected electric vehicle demand growth to slow in the near-term, as it posted on Friday a quarterly loss for the first time in three years.
LG Energy Solution Posts Quarterly Loss for the First Time in Three Years
In a New Year message early this month, LG Energy Solution CEO Kim Dong-myung said he expected the EV market would recover after 2026, while also warning of challenges such as the
Battery Maker LG Energy Slashes Spending on EV Demand Risks
Battery maker LG Energy Solution Ltd. said it will make major cuts to spending this year, though it expects a rebound in sales, as major uncertainties hang over the global electric vehicle sector.
LG Energy Solution flags slowing EV demand, posts first quarterly loss in 3 yrs
South Korean battery firm LG Energy Solution (LGES) said it expected electric vehicle demand growth to slow in the near-term, as it posted on Friday a quarterly loss for the first time in three years.
18h
on MSN
Trump's Removal of EV Support Could Risk Thousands of Red State Jobs
After a flood of EV investment in red states, most of the places where EV jobs might be undercut by Trump's action are also ...
2h
on MSN
China's EV overcapacity is a bigger issue for Japanese automakers than Korean ones: Macquarie
James Hong, Head of Asia Energy Transition & Commodities at Macquarie Capital discusses the prospects of Japanese vs Korean ...
1d
on MSN
Trump ended the EV mandate. Here’s what it means for the auto industry.
Trump’s new executive order ending the EV mandate could give companies more leeway in the EV transition, but it is not ...
1d
2025 Model Y Juniper Arrives With End Of ‘EV Mandate’
The Tesla Model Y Juniper will face pricing challenges in the U.S. as President Trump eliminates government price incentives.
2d
Trump Says He Ended the ‘EV Mandate.’ What Does That Mean?
Policy experts say the implications of Donald Trump’s executive order for EV owners—and the EV-curious—won’t be clear for a ...
2d
on MSN
Trump is ending EV subsidies. What happens next?
Trump indicated he is likely to seek to repeal a $7,500 tax credit for new EV purchases approved by Congress as part of Biden ...
13h
EV Lease Tax Credit First To Go? Tesla And GM Face Harsh Price Reality
President Trump is clear about his opposition to “unfair” EV incentives. Tesla and General Motors stand to bear the brunt if the federal EV tax credit is eliminated.
1d
on MSN
There's a new buzzword in China's EV industry
"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel ...
2d
California’s air pollution waiver and the “EV mandate” are banned by Trump
The executive order "Unleashing American Energy" also kills off former President Biden's goal of increasing EV adoption to 50 ...
1d
EV charging, green initiatives face uncertain funding in Michigan since Trump order
The status of federal grant awards for EV charging and other environmental initiatives that were announced before Trump's ...
20m
Pitch Report: Auto industry hopes Budget 2025 will provide relief from slowing growth
According to analysts, the government's capex push had a direct bearing on the sales of commercial vehicles and ancillary ...
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