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NEWS TAGGED LGES
Tuesday 6 December 2022
China-based battery makers see triple-digit growth in global installation volume
Asian EV battery companies dominate the market, with China-based manufacturers leading the pack. According to SNE Research, almost all Chinese battery makers that enjoyed the highest...
Monday 5 December 2022
GM, LGES to increase battery production in the US; Volkswagen explores Canadian cell site
The EV battery production ramp-up in North America continues: General Motors and LG Energy Solution announced that they will raise cell production by 40% at a joint plant in Tennessee,...
Wednesday 23 November 2022
Korean battery maker rumored to partner with Chinese maker to expand LFP in US
There have been market rumors about a Korean lithium battery maker planning to work together with a Chinese maker to complement each other's technical advantages even before the US...
Thursday 13 October 2022
Honda, LGES to invest US$4.4 billion to make EV batteries in Ohio
Honda Motor and Korea's LG Energy Solution (LGES) plan to spend US$4.4 billion to build electric vehicle (EV) batteries at a new joint venture in Ohio, part of project by the automaker...
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...
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...
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...