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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 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...
Tuesday 13 December 2022
Ultium Cells receives financial boost for new battery plants in US
General Motors and LG Energy Solution's battery joint venture got a US$2.5 billion loan from the US government. The loan will support Ultium Cells' three battery projects in Ohio,...
Friday 9 December 2022
Honda secures 123GWh battery supply from CATL
Honda Motor received a supply boost in China. The automaker and CATL announced an agreement to offer the former 123GWh of batteries in China starting in 2024. The purchase will facilitate...
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...
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