LG Energy Solution adjusts strategy to cope with slowing U.S. electric vehicle market demand

Faced with the slowdown in demand for electric vehicles in the U.S., LG Energy Solution has begun adjusting its strategy. They expect the growth rate of electric vehicle production in the U.S. to drop from the previous 35% to around 20%. In response to this change, LG Energy Solution has launched a crisis management system and plans to cut capital expenditures by up to 30% this year.