LGES
LG Energy Solution Q3 profit likely up 34% on US EV sales rush
The company has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, as the US automaker looks to reduce reliance on Chinese imports due to tariffs
US raid disrupts construction at multiple South Korean battery plants
LG Energy has issued an internal notice calling for the immediate return of all workers and contractors travelling in the US under a short-term visa waiver programme
Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance
The South Korean company is one of the few US producers of LFP batteries, a battery chemistry long dominated by Chinese rivals that have little presence in the US market
South Korea’s LG Energy Solution says Q2 profit likely up 152% on year
[SEOUL] South Korea’s LG Energy Solution (LGES), an electric car battery supplier for General Motors and Tesla, on Monday (Jul 7) estimated a 152 per cent rise in its quarterly operating profit.
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[JAKARTA] South Korea’s LG Energy Solution has formally withdrawn from a 142 trillion rupiah (S$11 billion) project to develop electric vehicle battery making in Indonesia, the company said on Monday ...
LG sees battery breakthrough by 2028 that has eluded Tesla
LG ENERGY Solution is aiming to commercialise what’s been described as a game changing battery-making technology by 2028, opening a path for the South Korean cell manufacturer to become more competiti...
Indonesia launches first EV battery plant
The plant, located in West Javan town of Karawang, is “the biggest in South-east Asia”
LG Energy Solution aims to raise up to US$2 billion in US dollar bond deal: sources
SOUTH Korean battery maker LG Energy Solution aims to raise up to US$2 billion in a three-tranche US dollar bond deal, said two sources with direct knowledge of the matter.
Battery firm LG Energy Solution Q1 profit plunges on weak EV sales
SOUTH Korean battery firm LG Energy Solution (LGES) posted on Thursday (Apr 25) a 75 per cent drop in quarterly profit, hit by weakening demand from electric vehicle (EV) sales.
Battery company LG Energy Solution Q3 profit rises 40% on increased US output
SOUTH Korean battery company LG Energy Solution (LGES) on Wednesday (Oct 25) posted a 40 per cent rise in quarterly profit, helped by increased output from its US joint venture factory with General Mo...
