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LG Energy Solution Forecasts Q1 Operating Loss Amid Weak EV Demand
LG Energy Solution has indicated it expects to report an operating loss for the first quarter, attributing the downturn to a decline in demand for electric vehicles.
7 Apr, 07:51 — 7 Apr, 16:23
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (46/100)3 sources25/33
Spectrum spread— 2/5 buckets covered8/33
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Left (2)
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Center (1)
Reuters
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Far R
Geographic diversity— 3 regions13/34
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Sources
Showing 3 of 3 sources
ReutersVery High10h ago
LG Energy Solution flags Q1 operating loss on weak EV demand - Reuters
LG Energy Solution flags Q1 operating loss on weak EV demand Reuters
Read full article →cbcHigh7h ago
LG Energy Solution flags 1st quarter operating loss on weak EV demand
LGES, which supplies Tesla, General Motors and Hyundai Motor among others, has been grappling with weaker EV battery demand, with one of its major customers, GM, idling a Detroit EV plant until April .
Read full article →YahooMostly Factual1h ago
LG Energy Solution swings to Q1 loss on weak EV demand
Read full article →Coverage Timeline
First report: Reuters · 7 Apr, 07:51|Full coverage: 3 · 9h|Window: 9h
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