Poor sales of electric cars in Europe and America have put the fourth largest battery manufacturer in the world in a difficult position.

South Korean electric car battery manufacturer SK On is in crisis due to sluggish sales of electric cars in Europe and the United States, with 10 consecutive quarters of losses and soaring debts. Commentators say that Korean battery makers are "very disappointed" with American auto manufacturers, and General Motors predicts that it will sell 1 million electric cars by 2025, but only sold 21,930 in the second quarter of this year.

wallstreetcn23:48 ET

Under heavy pressure from the global slowdown in the electric autos market, LG's new energy fund's profits plummeted 58%.

The continuous slowdown in sales of electric cars has had a significant impact on the performance of LG new energy fund, causing its second-quarter profit to fall short of analyst expectations.

Zhitong Finance23:32 ET

Counterpoint: Pure electric car sales will surpass 10 million vehicles in 2024, and the growth of hybrid cars will exceed pure electric cars.

China remains the dominant force in the pure electric auto market, with pure electric auto sales expected to be four times that of North America by 2024.

Zhitong FinanceJul 4 20:51 ET

Faraday Future Intelligent Electric Inc. Options Spot-On: On July 1st, 51,115 Contracts Were Traded, With 489.8K Open Interest

On July 1st ET, $Faraday Future Intelligent Electric Inc.(FFIE.US)$ had active options trading, with a total trading volume of 51,115 options for the day, of which put options accounted for 23.07% of

Moomoo NewsJul 1 16:30 ET

EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In June — Where Do Nvidia, GameStop, Tesla, Apple Rank?

Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market and individual tickers.Here is a look at the most-

BenzingaJul 1 12:12 ET

Tesla Rises Ahead Of Crucial Q2 Deliveries, Rivian Affirms Goal After Volkswagen Deal, Nikola Ropes In Key Customer And More: Biggest EV Stories Of The Week

The electric-vehicle space saw a major deal this week, which, along with the broader market strength, imparted some buoyancy. However, stocks closed the week on a mixed note.Here are the key events t

BenzingaJun 29 09:48 ET