China's battery materials sector is thriving, backed by government subsidies, low electricity costs, and cheaper labor, enabling aggressive investment. In contrast, South Korean firms,...
Global EV battery demand outside China increased by 12.7% from January to October 2024. South Korea's top battery makers—LG Energy Solution (LGES), SK On, and Samsung SDI—recorded...
In light of the sluggish electric vehicle (EV) market and uncertainties following Donald Trump's re-election, LG Energy Solution (LGES) will acquire all shares of the battery plant...
LG Group (LG) has set a target to achieve net zero carbon emissions by 2050, making it the only South Korean conglomerate to publicly announce specific carbon neutrality goals and...
LG Energy Solution (LGES) is set to become SpaceX's first long-term external battery supplier, marking a strategic shift from SpaceX's traditional reliance on in-house battery production...
LG Energy Solution (LGES) has reportedly secured a major contract to supply Mercedes-Benz with next-generation 4680 cylindrical batteries for electric vehicles (EVs), starting in...
The SK Group views EV-related businesses as a key growth area for the future, which is why its battery subsidiary SK On invested over KRW20 trillion (US$14.5 billion) to expand its...
LG Energy Solution (LGES) has reportedly received major lithium iron phosphate (LFP) battery orders from French car maker Renault, providing a boost to the South Korean supply chai...
Renault is pushing a new partnership model for lithium iron phosphate (LFP) batteries by collaborating with its Chinese and South Korean battery suppliers in Europe.
Battery maker LG Energy Solution will enhance its plant in Michigan to strengthen the facility's role as the mother factory in North America. The South Korean company is building...
