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NEWS TAGGED LGES
Friday 1 July 2022
LGES signs MoU with Compass Minerals for lithium supply
LG Energy Solution has signed a memorandum of understanding (MoU) with US-based mining company Compass Minerals for battery-grade lithium materials. According to Korean news outlets,...
Wednesday 4 May 2022
LGES 1Q22 revenue beats forecast; Samsung SDI hits reord quarterly profits
South Korea-based battery manufacturers reported strong on-year revenue growths in the first quarter of 2022, according to local news outlets.
Monday 25 April 2022
South Korea challenged by China's tight grip on battery materials
South Korea is facing challenges to expand its electric vehicle (EV) battery industry due to soaring costs of raw materials that are tightly controlled by China.
Tuesday 29 March 2022
Stellantis and LGES to form JV for lithium-ion battery production plant in Canada
Stellantis and LG Energy Solution (LGES) have announced they will invest over CAD5 billion (US$4.1 billion) to form a joint venture that will produce lithium-ion batteries in Canada...
Friday 25 March 2022
LGES developing batteries, charging solutions for electric two-wheelers
LG Energy Solution (LGES) is developing batteries and charging systems for electric two-wheelers, as it looks to take the lead in the South Korea market with a total solution featuring...
Thursday 24 March 2022
EV battery report: South Korean companies plan aggressive expansion
South Korea is building up the necessary infrastructure to position itself as a leader in the global electric vehicle (EV) supply chain, with its top three EV battery manufacturers...
Friday 11 February 2022
CATL, LGES, Panasonic defend as world's top three battery makers, says SNE Research
CATL (China), LGES (South Korea), and Panasonic (Japan) top the list of the 10 largest battery manufacturers in the world for 2021, followed by BYD, SK On, Samsung SDI and other Chinese...
Thursday 27 January 2022
LGES becomes South Korea's second most-valuable company after stock debut
LG Energy Solution (LGES) saw its shares briefly double from their initial public offering (IPO) price before settling at about 60% higher on its first day of trading on January 27,...
Wednesday 26 January 2022
LGES readies IPO to take on CATL
LG Energy Solution (LGES) is aiming to overtake China's Contemporary Amperex Technology (CATL) as the world's largest battery supplier, said company CEO and vice chairman Kwon Young-soo...
Tuesday 25 January 2022
LGES steps up expansion in battery market
LG Energy Storage LGES), set to go public on January 27, is mounting a strong challenge to its major competitors in China, and at the same time promises to further expand Asia-based...
Thursday 20 January 2022
Will US government scrutinize companies building the country's lithium-ion battery supply chain?
Thanks to the rising demand for electric vehicles (EV) and energy storage solutions, lithium-ion batteries are set to be the next strategic resource after semiconductors. Because...