Seoul, April 7 (IANS) LG Energy Solution Ltd, South Korea’s leading battery maker, on Tuesday estimated it posted an operating loss in the first quarter, apparently due to the fallout from the US-Iran war.Operating loss came to 207.8 billion won (US$138.2 million) in the January-March period, shifting from a profit of 374.7 billion won a year earlier, the company said in a regulatory filing.Sales decreased 2.5 percent to 6.55 trillion won. Data for net earnings was unavailable, reports Yonhap ne…
Latest LG Energy Solution Ltd News & Updates
Seoul, Dec 26 (IANS) South Korean battery maker LG Energy Solution Ltd. said on Friday it has agreed with a US company to terminate a supply contract signed in 2024 by mutual consent.In a regulatory filing, LG Energy Solution said it has canceled the supply deal worth 3.9 trillion won ($2.69 billion) signed with U.S.-based battery pack producer Freudenberg Battery Power System (FBPS) LLC.LG Energy Solution said the termination came as FBPS decided to pull out from the battery industry, reports Y…