LG Energy
Ford cancels EV battery deal worth 9.6 trillion won with South Korea’s LG Energy Solution
[SEOUL] South Korea’s LG Energy Solution said on Wednesday (Dec 17) that Ford Motor has terminated an electric vehicle (EV) battery-supply deal worth about 9.6 trillion won (S$8.4 billion).
South Korea’s LG Energy Solution pulls out of Indonesia EV battery investment
[JAKARTA] South Korea’s LG Energy Solution has formally withdrawn from a 142 trillion rupiah (S$11 billion) project to develop electric vehicle battery making in Indonesia, the company said on Monday ...
Toyota is backing LG battery plant with US$1.5 billion order
LG is slashing spending as automakers dial back EV plans and the White House threatens to roll back policies supporting electric cars
LG Energy posts unexpected loss as EV demand slows; shares drop
BATTERY maker LG Energy Solution reported an unexpected loss – sending its shares down – as cooling demand for electric cars hurt sales.
GM to sell its stake in Michigan EV battery plant to LG Energy
GENERAL Motors (GM) is selling its stake in an electric vehicle (EV) battery plant in Lansing, Michigan, to South Korean partner LG Energy Solution, recouping about US$1 billion in investment from a f...
EV battery maker calls for cheaper EU energy to counter China
THE South Korean owner of the European Union’s largest factory of electric vehicle (EV) batteries called on the bloc to reduce energy costs and grow the strategic industry amid stiff competition from ...
LG Energy profits tumble 40% on waning battery-powered car sales
SLUGGISH demand for electric vehicles (EVS) haunted South Korean battery maker LG Energy Solution, dragging its profits down by almost 40 per cent from a year earlier.
Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit falling almost 40 per cent.
LG Energy aims to double sales by expanding non-EV businesses
It will work on developing future battery technology, including solid-state and dry electrode processes, among others
LG Energy slashes sales target after earnings miss estimates
LG ENERGY Solution slashed its annual sales target and second-quarter earnings missed analyst estimates, as the South Korean battery maker grapples with slowing demand for electric vehicles (EVS).
