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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
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...
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...
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...
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