Seoul, April 30 (IANS) LG Energy Solution said on Thursday it swung to a net loss in the first quarter from a year earlier, as weakening global demand for electric vehicle (EV) batteries weighed on earnings.For the first three months of this year, the company shifted to a net loss of 944 billion won ($635.8 million) from a net profit of 227 billion won a year ago, reports Yonhap news agency.”Lower sales of EV batteries to key customers and higher costs associated with the initial ramp-up of an e…
Latest EV Batteries News & Updates
Seoul, March 22 (IANS) Customers will soon be able to check key information of batteries when purchasing an electric vehicle (EV), such as the manufacturer and country of origin, the transport ministry said on Sunday.The Ministry of Land, Infrastructure and Transport said such revisions will be included in proposed amendments to two related laws, including the enforcement rules of the Motor Vehicle Management Act, reports Yonhap news agency.Under the proposed revision, the number of EV battery-r…