South Korean battery major LG Energy Solution has reported a 40% drop in third-quarter profits, resulting from slowing demand for battery cars. The figure that the company reported, at about $323 million, was higher than analysts had forecast, but it was 40% lower than the profit figure for the third quarter of 2023. “Competition in the global EV market is seen intensifying as macroeconomic uncertainties and geopolitical risks persist at a time when Chinese manufacturers are increasing their exports and our customers are announcing their…
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