EV market

LG Energy Solution swung to a first-quarter net loss due to weakening global electric vehicle battery demand. The company reported a 944 billion won ($635.8 million) loss, reversing a profit from a year earlier. It plans to expand its energy storage system business for a more balanced portfolio.

20 Mwezi wa pili, 2026 Imeripotiwa na AI

The average price of a used Tesla has risen 4.3% since the $7,500 tax credit for new electric vehicles ended in September, according to iSeeCars data. This increase contrasts with falling prices for other used EVs, amid a surge in secondhand EV sales. Tesla owners benefit as resale values recover from recent declines.