SEOUL (Reuters) – LG Chem 051910.KS, an electric battery supplier for Tesla TSLA.O and Volkswagen VOWG_p.DE, on Wednesday forecast a further rise in its battery sales and profit in the fourth quarter thanks to growing EV batteries demand.
The forecast came after the South Korean battery vendor and petrochemicals maker posted record earnings for the third quarter.
(This story corrects ‘second quarter’ to ‘third quarter’ in the second para)
Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Shri Navaratnam