LG Energy Sees Surprise Loss Amid Cooling Electric Vehicle Demand Outlook

LG Energy Solution Ltd. reported a surprise preliminary operating loss for the fourth quarter, as the slow unraveling of electric vehicle demand in key markets darkens the outlook for South Korea's largest battery maker LG Energy. The company attributed the loss to increased costs and reduced sales from slowing EV demand in North America and Europe. This marks a significant departure from its previous forecasts, which had predicted a profit margin of 2.3% for the quarter. As a result, investors are now cautious about the company's long-term prospects, amid concerns over the impact of declining EV demand on LG Energy's business.