The Business Times

LG Energy

ASEAN Business

South Korea’s LG Energy Solution pulls out of Indonesia EV battery investment

The batteries Toyota is buying from LG can be used in either EVs or hybrid vehicles.
Transport & Logistics

Toyota is backing LG battery plant with US$1.5 billion order

LG held a 11.2 per cent share of the global EV battery market in the third quarter.
Companies & Markets

LG Energy posts unexpected loss as EV demand slows; shares drop

GM still has 50 per cent ownership along with LG in Ultium Cells, which owns the existing two battery plants in Ohio and Tennessee.
Transport & Logistics

GM to sell its stake in Michigan EV battery plant to LG Energy

The result comes after its major customer Tesla reported a decline in quarterly sales and said it would accelerate the roll-out of more affordable EVs.
Energy & Commodities

EV battery maker calls for cheaper EU energy to counter China

LG Energy as been grappling with dwindling orders for batteries as falling customer demand for EVs.
Companies & Markets

LG Energy profits tumble 40% on waning battery-powered car sales

The supplier to carmakers including Tesla and GM has been facing challenges from declining EV sales and lower lithium prices, which are tied to its selling prices.
Telcos, Media & Tech

Battery maker LG Energy profit declines as global EV sales slump

LG Energy supplies batteries to automakers such as Tesla and General Motors, and has been struggling to improve its earnings this year.
Telcos, Media & Tech

LG Energy aims to double sales by expanding non-EV businesses

Carmakers are winding back their EV ambitions as demand wanes, leading to lower orders for batteries.
Energy & Commodities

LG Energy slashes sales target after earnings miss estimates

FILE PHOTO: Electric power transmission pylon miniatures and LG Energy Solution logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
Companies & Markets

Europe’s biggest electric car battery maker mulls new products as demand wanes

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