Seoul, Jan 29 (IANS) LG Energy Solution, South Korea’s leading battery maker, on Thursday reported its fourth-quarter net loss of 772.5 billion won ($541.3 million), remaining in the red compared with a year ago, amid an ongoing slump in electric vehicle (EV) demand.The company said in a regulatory filing that it continued to post an operating loss of 122 billion won for the October-December period, compared with a loss of 225.5 billion won a year earlier. Sales fell 4.8 percent on-year to 6.14 …
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Seoul, Jan 9 (IANS) LG Energy Solution on Friday said it continued to remain in the red in its fourth quarter (Q4), although its operating loss nearly halved from a year earlier amid weak global demand for electric vehicle (EV) batteries.Operating loss in the October-December period was estimated at 122 billion won ($83.8 million), compared with a loss of 225 billion won posted in the fourth quarter of 2024, the company said in a preliminary report.Sales decreased 4.8 per cent to 6.14 trillion w…