Korean battery maker LG Energy Solution said Thursday it has completed the supply of its battery system to the world's largest energy storage system (ESS) that has come online in the United States.
In 2017, the Moon Jae-in administration laid out its “Renewable Energy 3020” plan, in which it would raise the ratio of renewable energy to 20 percent by 2030. Last year President Moon set a target of carbon neutrality by 2050.
Battery maker LG Energy Solution said Tuesday it applied for preliminary approval to list its shares on the country's main stock market.
Global investment banks are warning that Korean battery maker shares are overvalued.
Hyundai Motor and LG Energy Solution will form a joint venture in Indonesia to make batteries for electric vehicles (EVs), according to industry sources Tuesday.
An estimated 40 trillion-won ($35 billion) worth of investment in the United States is what President Moon Jae-in may offer U.S. president Joe Biden this week in exchange for a closer cooperation on vaccine supplies.
While electric vehicles (EVs) may be an essential part of achieving environmental goals, lithium-ion batteries that power them pose a threat to the objectives in several ways.
Ultium Cells is investing 2.7 trillion won ($2.4 billion) in a battery factory in Spring Hill, Tennessee, the company’s shareholders announced Saturday.
Shares of SK Innovation jumped nearly 12 percent to close at 266,500 won ($237) on Monday after the company settled a battery trade secrets dispute with LG Energy Solution on Sunday.
LG Energy Solution and SK Innovation agreed to settle the high-profile battery trade secret dispute at 2 trillion won ($1.8 billion), putting an end to a 713-day