LG Energy Solution

Korea's LG Energy Solution (LGES) is a major player in the battery maket. It has been making aggressive moves in a bid to expand its market share.

IN THE NEWS

Tuesday 22 July 2025

The battery split: Tesla distances from China, one cell at a time

In a significant shift within Tesla's supply chain, the electric vehicle maker is expected to adopt high-energy nickel-cobalt-manganese (NCM) batteries from South Korea's LG Energy...

Friday 18 July 2025

Tesla, GM move to localize LFP supply chain amid China clampdown

China has imposed new export controls on key materials and technologies tied to lithium iron phosphate (LFP) batteries, a move industry insiders say global supply chains had been...

Friday 18 July 2025

South Korea's battery industry faces challenges and opportunities amid emerging sectors and geopolitical shifts

South Korea's electric vehicle (EV) battery market is currently under pressure from China, with major players experiencing a year-over-year decline in market share, signaling a significant...

Thursday 17 July 2025

LGES and GM jointly build LFP EV battery production line in the US, LMR batteries to become next focus

LG Energy Solution (LGES) and General Motors (GM) have decided to convert the second factory of their joint venture, Ultium Cells, located in Spring Hill, Tennessee, from producing...

Thursday 10 July 2025

LG Energy Solution swings to profit as US battery demand lifts results

South Korea's LG Energy Solution (LGES) posted a significantly stronger operating profit in the second quarter of 2025, ending a streak of six consecutive quarters of losses and highlighting...

Monday 7 July 2025

Humanoid robots accelerate development, expected to become a lifeline for South Korea's battery industry

Due to the slowdown in electric vehicle (EV) demand and intensified competition in the battery market, South Korea's major battery manufacturers LG Energy Solutions (LGES), SK On,...

Monday 23 June 2025

Top-100 firms contribute KRW1.6 quadrillion to South Korea economy in 2024

In 2024, South Korea's top-100 companies generated an estimated KRW1,615 trillion (US$1.16 trillion) in total economic contribution,...

Tuesday 27 May 2025

Tesla's budget EV raises alarm among Korean, Japanese battery giants

As Tesla's long-rumored low-cost electric vehicle appears poised for launch, anxiety is rising across its global battery supply chain—particularly...

Friday 2 May 2025

LGES bows out of Indonesian EV battery deal—China's Huayou poised to fill the void

LG Energy Solution (LGES) of South Korea has exited its US$8.45 billion electric vehicle (EV) battery project in Indonesia, prompting the Indonesian government to court China's Zhejiang...

Tuesday 22 April 2025

LG Energy Solution withdraws from US$8.45 billion EV battery project in Indonesia

According to Reuters and Yonhap, South Korea's LG Energy Solution announced on April 21, 2025, that it has formally withdrawn from a major US$8.45 billion electric...

Friday 28 March 2025

LG Energy Solution to supply 1GWh of ESS batteries for Poland's clean energy transition

LG Energy Solution (LGES) has signed a battery supply deal with Polish utility Polska Grupa Energetyczna (PGE) to deliver lithium iron phosphate (LFP) batteries for a 1GWh energy...

Tuesday 24 December 2024

LGES lands 3rd major North American ESS deal in 2024

LG Energy Solution (LGES) has secured a 7.5 GWh energy storage system (ESS) supply deal with US-based Excelsior Energy Capital, with production and delivery slated to begin in 2026...

Thursday 19 December 2024

China leads battery materials as South Korea's Posco Future M faces exit; Lotte eyes LFP mass production

China's battery materials sector is thriving, backed by government subsidies, low electricity costs, and cheaper labor, enabling aggressive investment. In contrast, South Korean firms,...

Thursday 12 December 2024

CATL leads the global battery race: South Korea's top 3 makers struggle to keep up

Global EV battery demand outside China increased by 12.7% from January to October 2024. South Korea's top battery makers—LG Energy Solution (LGES), SK On, and Samsung SDI—recorded...

Monday 9 December 2024

LGES acquires GM battery plant after Trump's election

In light of the sluggish electric vehicle (EV) market and uncertainties following Donald Trump's re-election, LG Energy Solution (LGES) will acquire all shares of the battery plant...

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