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Sluggish EV Demand in U.S. and Europe Deals Severe Blow to South Korean Battery Sector, with LG and Two Other Giants Suffering Collective Losses
2026-01-20 /
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Author：小编
Due to the adjustments in U.S. electric vehicle subsidy policies and the flagging demand for electric vehicles in both the U.S. and Europe, South Korea's three leading power battery behemoths—LG Energy Solution, Samsung SDI, and SK On—all posted operating losses in the fourth quarter of 2025. Specifically, LG Energy Solution reported a loss of roughly KRW 122 billion, which ballooned to KRW 454.8 billion after accounting for tax deductions. Meanwhile, Samsung SDI is projected to incur a loss of around KRW 300.3 billion, while SK On expects a loss of KRW 200 billion.
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