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LG Energy Solution Swings to Net Loss in Q1 Amid Weaker EV Demand
NACHRICHT
30.04.2026KI-Zusammenfassung

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
Hyundai, Kia Sales in Europe Rise 5.5% in March on Strong Hybrid, EV Demand
NACHRICHT
23.04.2026KI-Zusammenfassung

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