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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
Tuesday 27 September 2022
Korea EV cell makers holding up well against weak won
South Korea's electric car battery makers are shielded somewhat from a weak won, even though they import a lot of raw materials in US dollars, because demand is propping up earnings,...
Monday 26 September 2022
LGES partners with 3 Canadian suppliers for key battery materials
LG Energy Solution (LGES) has signed separate partnership agreements with three major critical mineral suppliers in Canada. The latest arrangements to secure lithium and cobalt from...
Wednesday 7 September 2022
Honda secures battery materials supply for EV ramp-up
Honda Motor has picked up the pace for electrification to fulfill a goal of making zero-emission vehicles only by 2040. On September 6, it announced a strategic partnership with trading...
Tuesday 6 September 2022
PHEV sales in US market to be galvanized by IRA incentives
Plug-in electrical vehicles (PHEV) are expected to regain significant growth momentum for sales in the US market, as American consumers buying such vehicles will enjoy equal investment...
Tuesday 30 August 2022
LGES and Honda to spend US$4.4 billion building battery plant in US
The US will soon welcome another battery project. LG Energy Solution (LGES) and Honda Motor announced on August 29 that they will build a lithium-ion battery plant together in America...
Friday 29 July 2022
LG Energy Solution to produce LFP batteries in Nanjing, China
South Korea-based LG Energy Solution will produce LFP (lithium iron phosphate) battery at its factory in Nanjing, China, with production expected to kick off in 2023, according to...
Tuesday 12 July 2022
Mahindra's newly established EV subsidiary may source batteries from LGES
At a time when Indian EV sales keep increasing, Mahindra & Mahindra, the fourth-largest passenger vehicle brand in India, has established an EV subsidiary and reportedly may source...
Friday 1 July 2022
LGES signs MoU with Compass Minerals for lithium supply
LG Energy Solution has signed a memorandum of understanding (MoU) with US-based mining company Compass Minerals for battery-grade lithium materials. According to Korean news outlets,...
Wednesday 4 May 2022
LGES 1Q22 revenue beats forecast; Samsung SDI hits reord quarterly profits
South Korea-based battery manufacturers reported strong on-year revenue growths in the first quarter of 2022, according to local news outlets.
Monday 25 April 2022
South Korea challenged by China's tight grip on battery materials
South Korea is facing challenges to expand its electric vehicle (EV) battery industry due to soaring costs of raw materials that are tightly controlled by China.
Monday 11 April 2022
US probe of LGES cells an alert for EV and energy storage developers
A US investigation into alleged defects of LG Energy Solutions (LGES) battery cells has renewed attention to the safety risks of lithium-ion batteries, an issue that is relevant to...
Tuesday 29 March 2022
Stellantis and LGES to form JV for lithium-ion battery production plant in Canada
Stellantis and LG Energy Solution (LGES) have announced they will invest over CAD5 billion (US$4.1 billion) to form a joint venture that will produce lithium-ion batteries in Canada...
Friday 25 March 2022
LGES developing batteries, charging solutions for electric two-wheelers
LG Energy Solution (LGES) is developing batteries and charging systems for electric two-wheelers, as it looks to take the lead in the South Korea market with a total solution featuring...
Thursday 24 March 2022
EV battery report: South Korean companies plan aggressive expansion
South Korea is building up the necessary infrastructure to position itself as a leader in the global electric vehicle (EV) supply chain, with its top three EV battery manufacturers...