LG Energy's EV Battery Shipments Likely to Bottom out in 1Q -- Market Talk

Dow Jones03-24

0059 GMT - LG Energy Solution's electric-vehicle battery shipments are likely to bottom out in 1Q, with the pace of recovery uncertain through the rest of the year, Daiwa Capital's Henny Jung and Yoonki Bae say. While the analysts cut their 2026 EPS forecast for the South Korean battery company by 38% to reflect weaker-than-expected EV battery sales, they maintain their 2027 earnings outlook as strong growth in the energy storage system business is likely to offset weakness in the EV segment. They raise their 2026 ESS revenue estimate for the company to 11 trillion won from 5 trillion won earlier, citing its more aggressive ESS capacity ramp-up. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 20:59 ET (00:59 GMT)

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