01-May-2025
Corporate News
 
LG Energy Solution Flags Q2 Sales Decline as Automakers Hemmed in by Tariff Volatility
30-Apr-2025

South Korean battery maker LG Energy Solution (LGES) on Wednesday said it expected revenue in the second quarter ended June to decline from Q1 partly due to uncertainties from U.S.-driven tariff policies. The announcement dragged LGES' shares down as much as 4.4% at midday (0300 GMT) compared to a 0.7% drop in the benchmark KOSPI. LGES, whose customers include Tesla, General Motors and Hyundai Motor, noted key automakers were expected to be conservative in their battery purchases because U.S. tariff policies were uncertain.

News Source:- https://money.usnews.com/investing/news/articles/2025-04-29/south-koreas-lg-energy-solution-q1-profit-rises-138-on-weak-won