Reuters
It joins a growing number of automakers and suppliers expressing caution about demand for EVs, as they fear high interest rates lifting financing costs and sputtering growth in major economies such as China and Europe will impact car buyers. "EV demand next year could be lower than expectations," LGES Chief Financial Officer Lee Chang-sil said on an earnings call, citing those factors, as well as automakers adjusting their EV strategies in response. LGES, which supplies Tesla, General Motors and other automakers, said revenue growth in 2024 would not be as high as the mid-30% rate forecast for this year.