Watching EV share prices as LG Energy Solution flags 2024 temporary EV battery demand growth

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Global EV demand may slow down in 2024

LG Energy Solution, a major supplier of batteries to the electric vehicle (EV) market, has predicted that the growth of global EV demand may slow down in 2024. This is because car manufacturers are being cautious about the number of EVs they produce, as they want to avoid having excess stock. Additionally, the prices of EVs are still falling, which could also affect demand. Other factors that could contribute to this…

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