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EV Demand

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LG Energy Solution Swings to Net Loss in Q1 Amid Weaker EV Demand
خبر
30.04.2026ملخص الذكاء الاصطناعي

LG Energy Solution Swings to Net Loss in Q1 Amid Weaker EV Demand

LG Energy Solution reported a net loss of 944 billion won in Q1 2026, reversing from a net profit of 227 billion won a year earlier, as weakening global demand for EV batteries and higher costs from an ESS plant ramp-up in the U.S. weighed on performance. Sales fell 2.5% to 6.55 trillion won. The company is repurposing EV battery production lines at its Ultium Cells plant in Tennessee to produce energy storage systems, aiming to increase ESS and new business share to mid-40% from around 20%.

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Yonhap News
BYD says it can thrive without US market as global EV demand surges
يتطور
Business·24.04.2026ملخص الذكاء الاصطناعي

BYD says it can thrive without US market as global EV demand surges

BYD has overtaken Tesla as the world's largest EV seller and says it can survive without the US market. The company is struggling to meet demand in Europe, Brazil and the UK, with European sales up 156% in Q1. However, domestic sales have fallen for seven consecutive months. BYD is betting on new 'flash charging' technology to overcome EV adoption barriers.

B
BBC Business
Hyundai, Kia Sales in Europe Rise 5.5% in March on Strong Hybrid, EV Demand
خبر
23.04.2026ملخص الذكاء الاصطناعي

Hyundai, Kia Sales in Europe Rise 5.5% in March on Strong Hybrid, EV Demand

Hyundai Motor and Kia Corp. combined sales in Europe rose 5.5 percent year-on-year to 116,827 vehicles in March, driven by strong demand for hybrid and electric models. Hyundai Motor posted 53,407 units (up 6.5%) while Kia sold 63,420 units (up 4.7%). Combined market share stood at 7.4 percent, down 0.4 percentage point. For Q1, cumulative sales fell 2.7 percent to 260,018 units.

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Yonhap News