__________________ What happened Rivian announced its R2 SUV will use batteries made in Arizona by LG Energy Solution, shifting from…
Browsing: LG Energy Solutions (LGES)
LGES slashes sales targets due to weak EV demand and US election risks, opting to scale back expansions and maximise current capacity. Despite the challenges, LGES shares have seen a rebound, jumping 4.2%. Shares in LGES rival Samsung SDI rose 3%, and SK Innovation, which owns battery maker SK On, gained 1.2%.