The Business Times

LGES

Telcos, Media & Tech

LG Energy Solution Q3 profit likely up 34% on US EV sales rush

Hundreds of South Korean employees and contractors hired by LG Energy are setting up equipment and training other personnel at the sites.
Companies & Markets

US raid disrupts construction at multiple South Korean battery plants

Tesla’s energy storage and generation business accounts for just over 10% of its revenue.
Transport & Logistics

Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance

LGES is expected to release detailed results in late July.
Telcos, Media & Tech

South Korea’s LG Energy Solution says Q2 profit likely up 152% on year

“Taking into account various factors, including market conditions and investment environment, we have agreed to formally withdraw from the Indonesia GP (Grand Package) project,” LGES said.
ASEAN Business

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

LG is betting on a leapfrog innovation such as dry coating to bolster its efforts to compete with Chinese battery makers.
Companies & Markets

LG sees battery breakthrough by 2028 that has eluded Tesla

The plant is a joint venture between South Korean manufacturers Hyundai Motor Group and LG Energy Solution (LGES) and can produce up to 10 Gigawatt hours (GWh) of battery cells every year.
Companies & Markets

Indonesia launches first EV battery plant

The deal will consist of a three-year tranche alongside five- and 10-year green bonds.
Companies & Markets

LG Energy Solution aims to raise up to US$2 billion in US dollar bond deal: sources

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.
Companies & Markets

Battery firm LG Energy Solution Q1 profit plunges on weak EV sales

LGES has benefited this year from US tax credits for electric vehicles under the Inflation Reduction Act.
Companies & Markets

Battery company LG Energy Solution Q3 profit rises 40% on increased US output

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