4 stories tagged ev-demand on EV Digest.
LG Energy Solution, a major battery supplier for electric vehicles, has forecasted a substantial 77% plunge in its second-quarter operating profit. This downturn is attributed to weaker-than-expected global EV demand, which has impacted orders for the company's battery cells.
General Motors reported a 4.2% dip in overall sales as of early 2026, with U.S. electric vehicle demand softening across the industry. This trend suggests broader market adjustments are underway, even as GM maintains its top position in the domestic auto market by volume.
General Motors experienced a 4.2% dip in overall sales during the second quarter, attributing the decline to a reduction in electric vehicle demand and broader consumer economic concerns. The results reflect a challenging period for the automotive giant, impacting its market performance.
Due to unexpectedly high customer interest, BMW has opened the order books for its new i3 electric vehicle months ahead of its original fall launch schedule. This accelerated timeline suggests a strong market appetite for the updated model.
