South Korea's top 3 battery makers see earnings slide on EV slowdown

LG Energy Solution, SK On and Samsung SDI have been building up production capacity

20240801N SK On REUTERS

SK On recorded its biggest quarterly operating loss since the battery maker launched in 2021. © Reuters

NAMI MATSUURA, Nikkei staff writer

SEOUL -- South Korea's three leading EV battery makers have reported lower sales and profits for the second quarter, hit by a downturn in electric vehicle production in North America and Europe.

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