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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
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.
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...
Friday 11 February 2022
CATL, LGES, Panasonic defend as world's top three battery makers, says SNE Research
CATL (China), LGES (South Korea), and Panasonic (Japan) top the list of the 10 largest battery manufacturers in the world for 2021, followed by BYD, SK On, Samsung SDI and other Chinese...
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...
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...