SEOUL, July 25 (Reuters) - South Korean battery firm LG

Energy Solution (LGES) warned on Thursday its

revenue would plunge more than 20% this year and it would ease

capacity expansion due to a sharper than expected slowdown in

global electric vehicle demand.

Shares in the company, which supplies Tesla,

General Motors ( GM ), Hyundai Motor ( HYMTF ) and other

automakers, fell as much as 2.6% after the revision.

The company previously targeted mid-single percentage growth

in annual revenue this year.

"In the second half, we'll adjust the pace of new expansion

or scale down investment in some projects, while maximise the

use of our existing capacity," LGES said in an earnings release.

It forecast the global EV market's growth would slow to

slightly above 20% this year from 36% last year.

LGES posted on Thursday a 58% drop in an operating profit of

195 billion won ($141 million) for the April-June period, in

line with an earlier forecast.

The company would have made a 253 billion won operating loss

in the quarter without a tax credit it received under the U.S.

Inflation Reduction Act, LGES said in a regulatory filing.

Revenue for the quarter fell 30% to 6.2 trillion won.

($1 = 1,383.9100 won)