LG Energy Solution cuts investments after weak earnings
Teslarati
APRIL 29, 2024
LG Energy Solution (LGES) is cutting some investments after reporting weak earnings, mostly attributed to slow electric vehicle (EV) sales growth. “W W e will have to cut capital expenditure considering sluggish EV market conditions and client demand, ” commented Lee Chang-sil, LGES’ Chief Finance Officer. billion won (US$114 million).
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