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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
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...
Friday 22 September 2023
India talks with Tesla, LGES for battery manufacturing
In two exclusive reports by Reuters, which cited multiple sources, India is reportedly talking with Tesla for the latter's Powerwall business to be set up in India, including manufacturing...
Friday 15 September 2023
What has global supply chain restructuring meant for Taiwan?
After the reconfiguration of global supply chains, it will mark the beginning of Taiwan's great navigation era, and the trend of large-scale supply chain relocation has made supply...
Monday 4 September 2023
Hyundai, LGES add additional US$2 billion investment in US joint battery plant
South Korean carmaker Hyundai Motor and battery company LG Energy Solution have committed another US$2 billion to their joint battery cell manufacturing facility in Georgia, the US...
Tuesday 15 August 2023
TSMC's fab in Germany may only half address major concerns of European carmakers
TSMC has officially entered the European automotive supply chain with plans to establish a joint venture fab in Dresden, Germany, relieving European automakers' concerns about chip...
Monday 10 July 2023
LGES nearly triples lithium materials procurement from SQM
Battery maker LG Energy Solution and mining company SQM announced that they have agreed upon new lithium materials procurement that will last until 2029. The new agreement means LGES...
Tuesday 27 June 2023
LGES to develop artificial graphite with Novonix and capture North American markets
LG Energy Solution (LGES) announced that it has entered into an agreement with Australian company Novonix to jointly develop artificial graphite used as battery cathode materials...
Monday 29 May 2023
Joint battery plant will benefit Hyundai, LGES in the US
Hyundai Motor and LG Energy Solution have embarked on a joint effort to scale up in the US. The pair announced on May 26 that they will build an EV battery cell plant together in...
Monday 8 May 2023
LGES remains top battery supplier for EVs in non-China markets
South Korea-based SNE Research released the ranking of battery usage for EVs in non-China markets on May 8. LG Energy Solution retained the crown with a global market share of 28%...
Wednesday 26 April 2023
Top-3 Korean battery makers keen on domestic capacity expansions
South Korea's top-3 battery makers SK On, LG Energy Solution (LGES), and Samsung SDI are all on track to build additional domestic production capacities, in order to reduce the country's...
Friday 21 April 2023
LGES batteries reportedly to be adopted by new Samsung foldable devices
LGES batteries are expected to be adopted by Samsung Electronics' upcoming foldable devices, according to a Korean media report.
Monday 10 April 2023
South Korea to support domestic battery industry as US finalizes regulation
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...
Thursday 30 March 2023
China-based battery makers lead in global EV market with sales dominance
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...
Tuesday 28 March 2023
LGES resumes Arizona project to produce cylindrical batteries for NA EV customers
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...
Wednesday 15 March 2023
Honda lays out plan to electrify its first auto plant in US
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...