SEOUL : South Korean battery firm LG Energy Solution (LGES) on Thursday posted on a 58 per cent drop in quarterly profit, hit by weakening demand for battery-powered electric vehicles (EVs).

The company, which supplies Tesla, General Motors, Hyundai Motor and other automakers, reported an operating profit of 195 billion won ($141 million) for the April-June period, in line with an earlier forecast.

The result compares with a 461 billion won profit a year earlier.

($1 = 1,383.9100 won)