[Concall] LG Energy Solution "Tesla Inventory Likely Reduced... Prepared for Timely Supply Response"

On the 25th, during the Q2 earnings conference call, LG Energy Solution addressed the question regarding the impact of Tesla's production decline, which was much more pronounced than the decrease in sales volume. The company stated, "Although it is currently difficult to clearly ascertain the inventory levels of our customers, considering the figures released by the market, production was reduced in Q2, but deliveries exceeded market expectations," adding, "It appears that vehicle inventory has decreased."

They continued, "Although the recovery in upstream demand is slower than expected and uncertainties remain due to the upcoming U.S. presidential election and the possibility of interest rate cuts in the second half of the year, the lowered inventory levels in the first half and the anticipated demand for new products are expected to drive demand in the second half," and said, "We will respond to volume in a timely manner and prepare to explore additional opportunities."

On the 10th, LG Energy Solution headquarters on Yeouidaero, Yeongdeungpo-gu, Seoul. Photo by Jinhyung Kang aymsdream@

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