Overview
- LG Electronics reported a fourth-quarter operating loss of 109.4 billion won, missing expectations, as revenue rose 4.8% to 23.85 trillion won.
- The company said U.S. tariff burdens will persist this year and indicated its display businesses likely posted a 2025 loss, following a voluntary retirement program to cut costs.
- LG Energy Solution guided to a fourth-quarter operating loss of 122 billion won, which would widen to 455 billion won without U.S. Inflation Reduction Act credits, with final results due January 29.
- LG Energy Solution cited weaker EV demand and U.S. policy shifts on green energy, and it disclosed recent contract cancellations worth 9.6 trillion won with Ford and 3.9 trillion won with Freudenberg Battery Power Systems.
- LG Energy Solution plans to sell some U.S. factory assets to Honda and, according to an analyst note, could suspend operations at a GM joint-venture plant, while GM is pausing two JV battery plants in Tennessee and Ohio for about six months.