LG Energy Solution flags Q1 operating loss on weak EV demand

SEOUL, April 7 (Reuters) – South Korean battery maker LG Energy Solution (LGES) said on Tuesday it expects to post a first-quarter operating loss of 208 ​billion won ($138.16 million), as weaker demand from ‌electric vehicles (EVs) makers weighed on earnings.

That compared with an LSEG SmartEstimate forecast of a 160 billion won loss, which was weighted toward analysts who are more consistently accurate.

Here are some details:

($1 = 1,505.5000 won)

(Reporting by Heekyong YangEditing ​by Ed Davies)