CONNECT WITH US
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 27 January 2022
LGES becomes South Korea's second most-valuable company after stock debut
LG Energy Solution (LGES) saw its shares briefly double from their initial public offering (IPO) price before settling at about 60% higher on its first day of trading on January 27,...
Wednesday 26 January 2022
LGES readies IPO to take on CATL
LG Energy Solution (LGES) is aiming to overtake China's Contemporary Amperex Technology (CATL) as the world's largest battery supplier, said company CEO and vice chairman Kwon Young-soo...
Tuesday 25 January 2022
LGES steps up expansion in battery market
LG Energy Storage LGES), set to go public on January 27, is mounting a strong challenge to its major competitors in China, and at the same time promises to further expand Asia-based...
Tuesday 25 January 2022
EV battery makers to expand production capacities in US
LG Energy Solution (LGES), SK On, and Samsung SDI will expand EV (electric vehicle) battery production capacities in the US at a large scale, and consequently their combined production...
Thursday 20 January 2022
Will US government scrutinize companies building the country's lithium-ion battery supply chain?
Thanks to the rising demand for electric vehicles (EV) and energy storage solutions, lithium-ion batteries are set to be the next strategic resource after semiconductors. Because...
Monday 17 January 2022
LGES to invest US$7.5 billion in expanding capacity
LG Energy Solution (LGES) is gearing up for the largest IPO in South Korea's stock market, attracting oversubscriptions this week. In a recent online press conference, the company...
Tuesday 21 December 2021
South Korean battery makers gear up for EV market
South Korea-based LG Energy Solution (LGES) and SK On are now among the top-5 electric vehicle (EV) battery makers in the world, according to data collected from January to October...
Monday 29 November 2021
Major South Korean battery makers expand production capacity in Europe
South Korea's three biggest battery makers are expanding their global value chains (GVC) in Europe.
Wednesday 27 October 2021
Tesla's use of LFP batteries to shake up South Korean battery industry
Telsa has announced that it will switch to lithium iron phosphate (LFP) batteries for its standard range Model S, 3, X and Y EVs, but will continue to use nickel cobalt manganese...
Thursday 16 September 2021
LGES likely eyeing LFP battery market by acquiring NEC ES
South Korea's LG Energy Solution (LGES) has acquired NEC Energy Solutions from Japan-based IT company NEC, a move that could expand the end market for its LFP batteries.
Tuesday 20 July 2021
EV battery competition heating up
Tesla's new 4680-format battery cells reportedly are facing delays as competition in the electric vehicle (EV) battery sector heats up. Taiwan-based Foxconn (Hon Hai) is clearly among...