LG Energy Cuts Back on Spending Amid Rising Concerns Over EV Demand

In a significant shift within the electric vehicle (EV) market, LG Energy Solution, a leading battery manufacturer, has announced a reduction in its capital expenditures for the upcoming year. This move comes as the company grapples with uncertainties surrounding global electric vehicle demand. The company’s decision marks a departure from previous aggressive expansion strategies aimed at bolstering production capacity for EV batteries, signaling a cautious approach to anticipated market fluctuations.

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