LG Energy Solution showcased its distinctive battery technology at the Interbattery exhibition held in March, the largest event highlighting the domestic rechargeable battery industry.
Korea's largest battery is moving to protect its 30,000 global patents after identifying 580 cases of infringements by competitors.
Korean battery makers are trading lower Tuesday morning after Tesla announced massive job cuts amid declining sales.
LG Energy Solution's operating profit plummeted 75 percent in the first quarter amid the slowing of EV sales globally.
LG Energy Solution held a groundbreaking ceremony in Arizona for its $5.5 billion battery plant. which will be the biggest in North America.
Ultium Cells had delayed operations amid the slowing sales of EVs globally. The Tennessee plant was initially scheduled to begin operation at the end of 2023.
LG Energy Solution is enhancing the competitiveness of its partners and establishing a sustainable mutual growth system through various collaborative activities.
호주 제련 기업 QPM (Queensland Pacific Metals)이 LG에너지솔루션과 포스코홀딩스에 니켈과 코발트를 공급하기로 한 계획이 3년가량 미뤄졌다. 이르면 2026년께 공급을 시작할 예정이다.
Queensland Pacific Metals CEO Stephan Grocott told the JoongAng Daily in an interview that the delay is no cause for concern.
Domestic battery makers are all pursuing cheaper lithium iron phosphate batteries with a production goal of 2026 in bid to chip away at the market strength of China's CATL and BYD.
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