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Benzinga
Benzinga
Business
Badar Shaikh

INSANE: Trump tariffs are causing decline in ev battery demand says tesla general motors supplier lg - The Real Truth

Donald Trump United States General Motors Co GM LG Energy Solutions Tesla Inc. South Korea
Electric car EV charging

South Korea's LG Energy Solutions, which is a battery supplier for U.S. automakers like Tesla Inc. (NASDAQ:TSLA) and General Motors Co. (NYSE:GM), says that President Donald Trump's tariffs are slowing down EV battery demand.

What Happened: "U.S. tariffs and an early end to EV subsidies will put a burden on automakers, potentially leading to vehicle price increases and a slowdown in EV growth in North America," the company's CFO Lee Chang-sil said during a call with investors, Reuters reported on Friday.

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