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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
Wednesday 21 February 2024
LGES 46800 battery reportedly to first power Tesla Cybertruck
South Korea-based LG Energy Solution has revealed a schedule for the volume production of its 46800 battery, which will likely first support Tesla. Media reported that EV makers Rivian...
Monday 19 February 2024
LGES to mass-produce 46800 battery as soon as August, likely supplies beyond Tesla
LG Energy Solution (LGES) will start the mass production of its 46800 batteries in August 2024 at the soonest. Besides Tesla, the battery maker has been in touch with other customers...
Monday 5 February 2024
LGES, Hyundai reportedly to double battery production in Indonesia
As China-based BYD announced a US$1.3 billion investment in Indonesia, Hyundai Motor, which sees the country as a critical market, will likely take a countermeasure. The South Korean...
Monday 5 February 2024
South Korea-based battery suppliers in expansion push in 2024 despite uncertainties
Amid signs of a slowdown in demand for EVs and industrial uncertainties, South Korean-based battery makers remain committed to their global production expansion plans.
Tuesday 30 January 2024
LGES secures US$750 million deal with Isuzu Motors for electric vehicle batteries
LG Energy Solution (LGES) has reportedly finalized an agreement with Japan's Isuzu Motors to supply the 21700 cylindrical batteries, a deal estimated by South Korean industry insiders...
Friday 19 January 2024
Status of EV solid-state battery market
China, Japan and South Korea are all keen on pushing the development of solid-state batteries for EVs with volume production expected for 2025 and commercially available for 2028.
Friday 19 January 2024
LGES goes the extra mile with single-crystal cathodes
South Korean battery maker LG Energy Solution (LGES) is using single-crystal small-grain cathode materials in batteries, to increase the driving range of electric vehicles.
Wednesday 3 January 2024
SK On to see EV battery production capacity grow by 70% in 2024
South Korean battery makers are expected to increase production capacity significantly in 2024. With its expansion in China and Hungary, SK On will see its capacity grow by 70%. LG...
Thursday 14 December 2023
LGES reportedly to build 46-series cylindrical battery production line in Nanjing
LG Energy Solution is said to have shifted its focus to 46-series battery cells, which are 46mm in diameter. Industry sources in South Korea said the battery maker is working on a...
Friday 17 November 2023
US government rolls out US$3.5 billion battery funding as manufacturers start layoffs
The US Department of Energy announced on November 15 that it will offer US$3.5 billion of funding to facilitate domestic battery and battery materials production. The news came as...
Monday 13 November 2023
Ford, Koc, LGES scrap plan to build joint battery plant in Turkey
Slower EV adoption growth has terminated a joint battery investment of Ford, Koc Holding, and LG Energy Solution in Turkey. Ford and SK On will also delay their joint battery plant...
Wednesday 8 November 2023
LGES says slow EV battery demand offers opportunity to review its business
Global EV demand deceleration will likely affect the sales of battery companies. South Korean battery industry sees the decline as an opportunity to review and restructure their businesses...
Monday 6 November 2023
RE100 a key battleground for South Korean battery manufacturers to outmaneuver Chinese peers
South Korea's major battery manufacturers, in response to the demands of the global automotive industry, will require battery material suppliers to provide materials meeting the RE100...
Tuesday 24 October 2023
Detroit and Korea's $28 billion battery bets risk going sideways
Weeks of tense bargaining around Detroit are making battery manufacturers some 6,600 miles (10,600 kilometers) away nervous.
Thursday 5 October 2023
LGES to supply Toyota battery modules in US
LG Energy Solution has added Toyota Motor as a new customer. The South Korea-based battery maker will build new dedicated production lines in the US to make high-nickel NCMA batteries...