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March 05,2025

LGES Expects Battery Demand Bottoming Out Early 2025

LG Energy Solution Ltd. (LGES), South Korea’s top battery maker, expects global battery demand to hit bottom in the first half of 2025, adjusting investment plans accordingly. CEO Kim Dong-myung emphasized preparing for a future EV rebound, despite current challenges like high inflation, reduced subsidies, and charging infrastructure gaps.

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