LG Chem’s net profit dropped 54.1 percent on year to 718.3 billion won ($547 million) in the second quarter as business was interrupted by the global logistics crisis and lockdowns in China.
For more than a decade, Tesla has reigned supreme in electric vehicle (EV) land. That is changing fast as it loses its No. 1 spot.
LG Energy Solution will invest 730 billion won ($568 million) to expand EV battery production capacity at its Ochang plant in North Chungcheong, the company said Monday. This will include building new facilities as well as an expansion of ...
Samsung Electro-Mechanics is in talks with Tesla to supply camera modules, according to the Korean electronics component maker on Thursday.
LG Energy Solution's net profit fell by 47.7 percent on year in the first quarter as the market for electric vehicle (EV) batteries remained volatile due to supply shortages, inflation and the war in Ukraine.
Carmakers continue to face challenges due to the global chip shortage, the Ukraine-Russia conflict and China's Covid-19 lockdown.
Tesla has long been seen as the driving force in the global electric vehicle (EV) industry, with consumers around the world looking to the U.S. brand to lead both innovation and design in the emerging market.
After a year and a half of investigation, the FTC sent a report to the U.S. electric carmaker recently, notifying the company that it violated advertisement rules by keeping crucial information from consumers.
Korean investors' holdings of foreign securities touched a new all-time high in 2021 on an overseas investment boom, data showed Thursday.
The issue involves a 100,000 won ($84) deposit potential customers have to pay when ordering a Tesla EV on the company’s website.