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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
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...
Thursday 30 March 2023
China-based battery makers lead in global EV market with sales dominance
The global top 10 battery companies contributed about 71% of EV battery sales worldwide in 2022, according to South Korea-based SNE Research. Most of these major players are headquartered...
Tuesday 28 March 2023
LGES resumes Arizona project to produce cylindrical batteries for NA EV customers
South Korean LG Energy Solution has restarted a plan to build battery plants in Arizona, the US. The company said it will invest KRW7.2 trillion (US$ 5.5 billion) in the project to...
Wednesday 15 March 2023
Honda lays out plan to electrify its first auto plant in US
Japan-headquartered Honda Motor has begun an effort to accelerate electrification in the US. It plans to retool three existing factories in Ohio for EV and component production, including...
Wednesday 1 March 2023
Honda and Stellantis respectively broadens EV footprint in the US
Honda and Stellantis made progress on their EV ambition in North America, respectively. The Japan-based automaker broke ground on the joint battery plant with LG Energy Solution in...
Wednesday 22 February 2023
LGES to build battery plant with Ford, Koc Holding in Turkey
LG Energy Solution made progress in gaining a global presence. The South Korean battery maker announced a non-binding memorandum of understanding on February 21 with Ford and Turkish...
Monday 20 February 2023
LGES retains crown in 2022 non-Chinese global EV battery usage
South Korea-based research firm SNE Research recently released an analysis of non-Chinese global EV battery usage in 2022. LG Energy Solution topped the list again with a market share...
Wednesday 8 February 2023
BYD and LGES rivals in 2022 global battery usage
Global EV battery usage increased by 71.8% from 2021 to 2022, according to South Korea-based SNE Research. BYD reached the same battery installation level as LG Energy Solution last...
Friday 27 January 2023
BYD surpasses LGES to become second-largest global maker of EV batteries
China-based BYD has surpassed South Korea-based LG Energy Solution (LGES) to become the globally second-largest maker of power batteries used in electric vehicles (EVs) and PHEVs...
Monday 16 January 2023
LGES and Honda to build joint battery plant in Ohio
South Korean battery maker LG Energy Solution and Japan-based Honda Motor have decided to build their joint battery plant in Ohio, the US. They plan to start construction early this...
Monday 9 January 2023
Market Cap 100: China-based car OEMs proceed on bumpy 2022
The year 2022 did not go easy on the automotive industry. Most companies saw their market capitalization shrink due to worldwide inflation, chip shortages and other supply chain disruptions...
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