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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 9 December 2024
LGES acquires GM battery plant after Trump's election
In light of the sluggish electric vehicle (EV) market and uncertainties following Donald Trump's re-election, LG Energy Solution (LGES) will acquire all shares of the battery plant...
Wednesday 20 November 2024
LG Group to invest KRW1.8 trillion over five years, aiming for net zero carbon emissions by 2050
LG Group (LG) has set a target to achieve net zero carbon emissions by 2050, making it the only South Korean conglomerate to publicly announce specific carbon neutrality goals and...
Monday 18 November 2024
LG Energy Solution becomes SpaceX's first long-term battery supplier in strategic aerospace shift
LG Energy Solution (LGES) is set to become SpaceX's first long-term external battery supplier, marking a strategic shift from SpaceX's traditional reliance on in-house battery production...
Thursday 17 October 2024
LGES reportedly wins multi-billion dollar Mercedes-Benz deal to supply 4680 EV batteries starting 2028
LG Energy Solution (LGES) has reportedly secured a major contract to supply Mercedes-Benz with next-generation 4680 cylindrical batteries for electric vehicles (EVs), starting in...
Monday 22 July 2024
Why didn't SK On make a profit in any of the 10 quarters since its establishment?
The SK Group views EV-related businesses as a key growth area for the future, which is why its battery subsidiary SK On invested over KRW20 trillion (US$14.5 billion) to expand its...
Thursday 4 July 2024
LGES reportedly obtains huge LFP battery orders
LG Energy Solution (LGES) has reportedly received major lithium iron phosphate (LFP) battery orders from French car maker Renault, providing a boost to the South Korean supply chai...
Thursday 4 July 2024
Renault pushing new partnership model for LFP batteries
Renault is pushing a new partnership model for lithium iron phosphate (LFP) batteries by collaborating with its Chinese and South Korean battery suppliers in Europe.
Friday 28 June 2024
South Korean battery makers could benefit from Tesla 46800 cell production headache
Media reported that Tesla was considering ceasing production of 46800 cells due to multiple difficulties.
Monday 24 June 2024
LGES ventures into bipolar solid-state battery sector, eyeing urban air mobility applications
LG Energy Solution (LGES) has officially joined the development of semi- and all-solid-state batteries with a bipolar structure.
Friday 21 June 2024
South Korean battery makers see market share decline amid Chinese dominance
Chinese battery giants CATL and BYD continue to assert dominance in the global market.
Tuesday 28 May 2024
LGES retools its first North American plant amid soft EV demand
Battery maker LG Energy Solution will enhance its plant in Michigan to strengthen the facility's role as the mother factory in North America. The South Korean company is building...
Tuesday 21 May 2024
LGES likely to overtake Panasonic in launching 46800 battery mass production
LG Energy Solution has been progressing in the development of the 46800 battery.
Wednesday 8 May 2024
EV makers reportedly compensate South Korean battery companies due to declining procurement
EV manufacturers reportedly failed to purchase the minimum quantity of batteries stipulated by contracts as EV demand softens.
Monday 6 May 2024
Samsung SDI expanding investment among weak 1Q24 results
Leading South Korea-based battery manufacturers LG Energy Solution, Samsung SDI, and SK On reported unsatisfactory financial performance in the first quarter of 2024 due to slow EV...
Thursday 25 April 2024
Over 90% foreign production strikes South Korean battery exports
In 2023, South Korea saw the first decline in rechargeable battery exports in eight years. The industry suspected that the situation is related to major battery manufacturers like...