SEOUL, March 5 (Reuters) - The chief executive of South

Korean battery maker Samsung SDI said on Wednesday

demand for electric vehicles will remain sluggish until the

first half of next year.

CEO Choi Joo-sun also told reporters at a major battery expo

that the company's earnings will likely bottom out in the first

quarter of this year and begin a gradual recovery starting in

the second quarter.

Samsung SDI reported an operating loss of 257 billion

won ($176.54 million) in the fourth quarter of 2024.

Rival battery firm LG Energy Solution (LGES)

CEO Kim Dong-myung said its earnings will begin gradually

improving in the second half of the year.

The supplier to Tesla reported an operating

loss of 226 billion won ($158 million) for the October-December

period compared to a profit of 338 billion won in the same

period a year ago.

($1 = 1,455.8000 won)