Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue. Shares were little changed in Seoul.

Operating profit for three months ended Dec. 31 rose 42% year-on-year to 338.2 billion won ($258 million), LG Energy Solution said in a filing Tuesday. But that compared to a 607.7 billion won median estimate analysts were looking for.