South Korean battery firm LG Energy Solution warned on Friday of a further slowdown in demand by early next year due to U.S. tariffs and policy uncertainties after it posted a quarterly profit jump.

LG Energy Solutions warned of slowing EV battery demand in 2026 due to U.S. subsidy cuts and tariffs, prompting a pivot toward energy storage battery production.

“We are grateful for the continued partnership and support we’ve received from the state of Tennessee as we continue to advance our lead in EV battery cell manufacturing,” President and CEO ...

South Korea's LG Energy Solutions, which is a battery supplier for U.S. automakers like Tesla Inc.TSLA and General Motors Co.GM, says that President Donald Trump 's tariffs are slowing down EV ...