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Top related persons:
bln - 1 Lee Chang - 1 LGES - 1 Refinitiv SmartEstimate - 1 Jang Seungkwon - 1 Kang Dong - 1 1,271.1000 - 1 Heekyong Yang - 1
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SEOUL Europe China U.S
Top related orgs:
GM Bolt - 1 Korea's LG Energy Solution - 1 General Motors - 1 General Motors Co - 1 Tesla Inc - 1 sil - 1 Volkswagen - 1 Renault - 1

Search resuls for: "Heekyong Yang Jihoon Lee"


3 mentions found


☆ LGES warns of sluggish EV demand in Europe, quarterly profit misses forecasts
  + stars: | 2023-07-27 | by ( Heekyong Yang Jihoon Lee | Heekyong Yang | Jihoon Lee | ) www.reuters.com   time to read: +2 min
The company, which supplies General Motors Co (GM.N), Tesla Inc (TSLA.O) and others, warned it faces weaker EV demand in Europe and China than previously expected. The U.S. is the only market where demand forecasts have not been cut, the company said. LGES reported an operating profit of 461 billion won ($363 million) for the April-June period, up from 196 billion won a year earlier, but that was far below the company's estimate of 612 billion won and an average analyst forecast of 641 billion won compiled by Refinitiv SmartEstimate. "LGES' comment on sluggish EV demand in Europe, where it has major customers like Volkswagen and Renault, seems to be affecting the company's share price," said Kang Dong-jin, an analyst at Hyundai Motor Securities. Revenue for the quarter rose 73% to 8.8 trillion won, LG Energy said in a regulatory filing.
Persons: bln, Lee Chang, LGES, Refinitiv SmartEstimate, Jang Seungkwon, Kang Dong, 1,271.1000, Heekyong Yang, Jihoon Lee, Hyunsu Yim, Shri Navaratnam, Sonali Paul Organizations: GM Bolt, Korea's LG Energy Solution, General Motors, General Motors Co, Tesla Inc, sil, Volkswagen, Renault, Hyundai Motor Securities, Revenue, LG Energy, Thomson Locations: SEOUL, Europe, China, U.S
☆ South Korean parents bury children killed in Halloween disaster
  + stars: | 2022-11-03 | by ( Ju-Min Park Heekyong Yang Jihoon Lee | Ju-Min Park | Heekyong Yang | ) www.reuters.com   time to read: +4 min
Hours later, 30-year-old Jung Joo-hee was among 156 people, most of them in their teens and twenties, killed in the South Korean capital while celebrating Halloween free of COVID restrictions for the first time in three years. Mum and dad will come see you," Jung Hae-moon said as the family stood by, together with his daughter's pet poodle. It was impossible, I couldn't believe it," Lim's father said at a funeral home as he and his family observed funeral rites. "She was so creative and pretty," the man said, adding that he had often strolled with his daughter through Itaewon. They wonder why their children were celebrating Halloween in the first place, a totally foreign concept for older Koreans.
☆ S.Korea's LGES raises revenue outlook as battery order backlog rises
  + stars: | 2022-10-26 | by ( Heekyong Yang Jihoon Lee | Heekyong Yang | Jihoon Lee | ) www.reuters.com   time to read: +4 min
The South Korean firm said its battery order backlog rose to 370 trillion won ($260 billion) by the end of September, or nearly 15 times its projected 2022 revenue. LGES shares jumped 3.3% after the results, beating a rise of 1% rise in the benchmark index (.KS11). LGES, which also supplies automakers such as GM, Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE), raised its 2022 revenue outlook to 25 trillion won from 22 trillion, citing new projects from automakers. The result beat a Refinitiv SmartEstimate of 488 billion won profit from 17 analysts and compares with a loss of 373 billion a year earlier. Revenue jumped 90% to 7.6 trillion won.
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