LG Energy Solution (LGES) is cutting some investments after reporting weak earnings, mostly attributed to slow electric vehicle (EV) sales growth. “We will have to cut capital expenditure...
LG Energy Solution (LGES) posted a provisional sales decline of 29.9% year-over-year, amounting to 6.3 trillion won (US$4.46 billion). It also reported an operating profit of...
LG Energy Solution (LGES) recently reported a 75% drop in operating profit. The South Korean battery maker claimed slow EV sales impacted its operating profit. LGES...
LG Energy Solution (LGES) is partnering with Envirostream’s recycling branch, Lithium Australia, to recycle lithium-ion batteries. According to the company’s announcement, its partnership could position Envirostream...
LG Energy Solution (LGES) is planning to invest in NCMA (nickel-cobalt-manganese, aluminum) and LFP (lithium-iron-phosphate) batteries to strengthen its portfolio. On Thursday, March 14, the South...
LG Energy Solution (LGES) recently announced its intention to work with Qualcomm Technologies to develop advanced battery management system (BMS) diagnostic solutions. The two companies aim...
LG Energy Solution (LGES) signed a battery supply agreement with Chinese supplier Changzhou Liyuan New Energy Technology. Changzhou Liyuan is based in Nanjing, China, and manufactures...
LG Energy Solution (LGES) CEO Kim Dong-myeong announced that the company will start Tesla 4680 battery production as early as August. “We will do it soon....
LG Energy Solution (LGES) announced its 2023 full-year earnings, reporting a steady increase in consolidated revenue and operating profit. The South Korean company reported a steady...
LG Energy Solution (LGES) announced an equity investment in Sion Power, a lithium metal battery technology startup in the United States. Sion Power holds core lithium...
LG Energy Solution (LGES) is shaking up its leaders as it initiates phase two of its battery expansion plans. LG Energy Solutions announced the appointment of...
LG Energy Solution (LGES) and SK On are laying off workers as it reduces electric vehicle (EV) investments in North America. The South Korean battery suppliers...
LG Energy Solution (LGES) recently announced that its battery facility in Arizona will become a key production hub for 46-series cylindrical cells in North America. After...
Tesla supplier LG Energy Solution (LGES) warned of slow revenue growth in 2024. The South Korean battery supplier and Tesla CEO Elon Musk appear to share...
LG Energy Solution (LGES) and Toyota signed a battery supply deal for electric vehicles produced in the United States. LGES will supply Toyota with NCMA Long...
LG Energy Solution (LGES) issued its first global green bond of $ 1 billion. The South Korean company plans to use the bond revenue to grow...
LG Energy Solution (LGES) shared its growth strategy for its energy storage system (ESS) division during the Venetian Convention and Expo Center in Las Vegas. The...
LG Energy Solution (LGES) launched a residential energy storage system (ESS) tailor-fit for households in the United States. The South Korean energy company calls its new...
LG Energy Solution (LGES) and Honda’s joint electric vehicle (EV) battery plant started construction on the facility, installing the first steel beam on the site in...
Honda appears ready to go full electric and dive into the increasing competition in the EV industry. The Japanese automaker aims to produce 2 million EVs...
