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LG Energy Solution cuts capex on slowing EV demand
LG Energy Solution cuts capex on slowing EV demand after Q4 loss
South Korean battery firm LG Energy Solution (LGES) said on Friday it plans to cut capital expenditure by up to 30% this year on slowing electrical vehicle demand growth, after posting a quarterly loss for the first time in three years.
Battery Maker LG Energy Slashes Spending on EV Demand Risks
Battery maker LG Energy Solution Ltd. said it will make major cuts to spending this year, though it expects a rebound in sales, as major uncertainties hang over the global electric vehicle sector.
LG Energy Solution Posts Quarterly Loss for the First Time in Three Years
In a New Year message early this month, LG Energy Solution CEO Kim Dong-myung said he expected the EV market would recover after 2026, while also warning of challenges such as the
LG Energy Solution flags slowing EV demand, posts first quarterly loss in 3 years
South Korean battery firm LG Energy Solution (LGES) said it expected electric vehicle demand growth to slow in the near-term, as it posted on Friday a quarterly loss for the first time in three years.
8h
‘This is a fire waiting to happen’: Woman cleans lint trap regularly. Then she opens up her LG dryer
She began by unscrewing the lint trap housing. After lifting it out of the dryer she was shocked to find almost an entire ...
2d
on MSN
LG Electronics takes majority stake in Bear Robotics, reportedly valuing startup at $600M
LG Electronics is betting on robotics as its next big growth driver. The South Korean electronics company said on Friday that ...
1d
on MSN
LG's QNED TV lineup is getting a big shake-up for 2025 — no more quantum dots
Even folks who don’t follow the ins and outs of the TV industry associate the LG name with OLED display technology. But OLEDs ...
3d
on MSN
LG Electronics Slides to Net Loss on Flat Sales
The South Korean consumer-electronics giant expects macroeconomic and business uncertainties to persist this year.
1d
LG Display: Not Off To A Good Start In What Could Be A Difficult 2025
Read here for highlights on LG Display's gains in 2024. It ended the year soft with disappointing Q4, casting doubt on its ...
10d
LG CNS Said to Be Poised to Price IPO at Top of Marketed Range
LG CNS Co. is poised to price its initial public offering at the top of its marketed range, people familiar with the matter ...
AV Network
2d
LG Acquires Majority Stake in Bear Robotics
Strategic investment aims to accelerate innovation across LG’s commercial, home, and industrial robot solutions.
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This LG OLED TV Is at Its Lowest Price Ever Right Now
Inch Evo OLED TV is now available for $1,196.99 (its lowest price ever on Amazon). It features perfect black levels, excellent color accuracy, Dolby Vision and HDR10 support, and a 120Hz refresh ...
Game Rant on MSN
4d
LG’s 55-Inch B3 OLED Is Back to Lowest Price on Walmart, Cheaper Than Black Friday
LG’s 55-Inch B3 OLED TV is at its lowest price ever at Walmart, undercutting even Black Friday's deal. You can now upgrade to ...
5d
on MSN
A rundown of the new LG TVs from CES, plus some deals on old ones
PM EST LG dropped new versions of its flagship OLED and QNED TVs at CES, pushing discounts up to $1,500 on 2023 and 2023 ...
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