The South Korean government released a series of strategies to help local battery companies gain a global presence, especially in the US. Notably, the government will offer KRW7 trillion...
The global top 10 battery companies contributed about 71% of EV battery sales worldwide in 2022, according to South Korea-based SNE Research. Most of these major players are headquartered...
South Korean LG Energy Solution has restarted a plan to build battery plants in Arizona, the US. The company said it will invest KRW7.2 trillion (US$ 5.5 billion) in the project to...
Japan-headquartered Honda Motor has begun an effort to accelerate electrification in the US. It plans to retool three existing factories in Ohio for EV and component production, including...
Honda and Stellantis made progress on their EV ambition in North America, respectively. The Japan-based automaker broke ground on the joint battery plant with LG Energy Solution in...
LG Energy Solution made progress in gaining a global presence. The South Korean battery maker announced a non-binding memorandum of understanding on February 21 with Ford and Turkish...
South Korea-based research firm SNE Research recently released an analysis of non-Chinese global EV battery usage in 2022. LG Energy Solution topped the list again with a market share...
Global EV battery usage increased by 71.8% from 2021 to 2022, according to South Korea-based SNE Research. BYD reached the same battery installation level as LG Energy Solution last...
China-based BYD has surpassed South Korea-based LG Energy Solution (LGES) to become the globally second-largest maker of power batteries used in electric vehicles (EVs) and PHEVs...
South Korean battery maker LG Energy Solution and Japan-based Honda Motor have decided to build their joint battery plant in Ohio, the US. They plan to start construction early this...
Foxconn Technology (Hon Hai) has set electric vehicle (EV) production as the core of its 3.0 transformation scheme, and its Ohio EV plant acquired from Lordstown Motors will be playing...
The year 2022 did not go easy on the automotive industry. Most companies saw their market capitalization shrink due to worldwide inflation, chip shortages and other supply chain disruptions...
Taiwan Semiconductor Manufacturing Company (TSMC) retains its top-ranking status in the Asia Supply Chain Market Cap 100 ranking conducted by DIGITIMES Research for 2022.
General Motors and LG Energy Solution's battery joint venture got a US$2.5 billion loan from the US government. The loan will support Ultium Cells' three battery projects in Ohio,...
Honda Motor received a supply boost in China. The automaker and CATL announced an agreement to offer the former 123GWh of batteries in China starting in 2024. The purchase will facilitate...
