LG Energy Solution reports operating loss of 207.8 billion KRW in Q1

Glonhui April 30｜LG Energy Solution's consolidated revenue for the first quarter reached 6.6 trillion Korean won, an increase of 1.2% quarter-on-quarter (this figure includes approximately 189.8 billion Korean won in North American production incentives); during the same period, operating losses amounted to 207.8 billion Korean won. Due to inventory adjustments by major North American clients, shipments of pouch-type electric vehicle (EV) batteries have declined.