LGES

LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda

LGES has tried to boost production of batteries for energy storage systems to offset sluggish EV demand and improve profits in the second half of this year.

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

The top South Korean battery maker is building three other production lines in Arizona, Michigan and Ohio.

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.

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

LGES is expected to release detailed results in late July.

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.

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.

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.

Indonesia launches first EV battery plant

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

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.

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