LG Energy Solution Q1 profit more than doubles, in line with forecast
SEOUL (Reuters) – South Korea’s LG Energy Solution on Wednesday posted a 145% jump in quarterly profit, as the battery maker factored in subsidies from the U.S. Inflation Reduction Act and solid sales of electric vehicles (EVs) in U.S. and European markets. The company, which supplies Tesla Inc, General Motors Co and others, reported an operating profit of 633 billion won ($472.6 million) for the January-March period, versus 259 billion […]