SEOUL, July 25 (Reuters) - South Korean battery firm LG
Energy Solution (LGES) on Thursday posted on a 58%
drop in quarterly profit, hit by weakening demand for
battery-powered electric vehicles (EVs).
The company, which supplies Tesla, General Motors ( GM )
, Hyundai Motor ( HYMTF ) and other automakers, reported
an operating profit of 195 billion won ($141 million) for the
April-June period, in line with an earlier forecast.
The result compares with a 461 billion won profit a year
earlier.
($1 = 1,383.9100 won)