Updated

Updated · Bloomberg · Jul 6

LG Energy Solution Posts 113.3 Billion Won Q2 Profit, Missing 210.7 Billion Won Estimates

Updated

Updated · Bloomberg · Jul 6

LG Energy Solution Posts 113.3 Billion Won Q2 Profit, Missing 210.7 Billion Won Estimates

1 articles · Updated · Bloomberg · Jul 6

113.3 billion won in preliminary Q2 operating profit left LG Energy Solution well below the 210.7 billion won analysts had expected.
Slow electric-vehicle demand in key markets including the US undercut earnings, even as demand for energy storage systems surged.
The South Korean battery maker disclosed the figures in a regulatory filing for the three months ended June 30, highlighting the uneven demand backdrop facing battery suppliers.

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