LG Chem's plan to spin off its battery business was confirmed during a shareholder meeting in Yeouido, western Seoul, on Friday.
The National Pension Service (NPS) will use its 10 percent ownership stake to oppose LG Chem’s plan to spin off the electric vehicle (EV) battery unit, it said Tuesday.
LG Chem exceeded 4 trillion won ($3.5 billion) in company brand value for the first time in its history, according to British brand evaluation consulting company Brand Finance’s report: “Chemicals 25 2020.”LG Chem continued its...
LG Chem’s net profit rose 315.8 percent in the third quarter while operating profit was up 158.7 percent as the company deals with reports of fires in Hyundai Motor and Chevrolet cars using its batteries.
Hyundai Motor Group and LG Chem will collaborate on a system to recycle used electric vehicle (EV) batteries under regulatory approval granted by the Ministry of Trade, Industry and Energy on Monday.
LG Chem reported a record performance for the third quarter, Monday. Quarterly revenue was 7.5 trillion won ($6.5 billion), up 8.8 percent on year. Operating profit was 902.1 billion won, a 158.7 percent increase.
Hyundai Motor will voluntarily recall some 51,000 fire-prone Kona electric vehicles (EVs) sold in international markets, the company announced Sunday, following last week's decision to recall Kona vehicles sold in Korea.
Hyundai Motor has decided to voluntarily recall its fire-prone Kona electric vehicles (EVs), according to the Ministry of Land, Infrastructure and Transport . The automaker will recall 25,564 Kona Electric cars manufactured between 2017 and 2020.
The legal battle between Korean battery makers has reignited after an investigative organization within the U.S. International Trade Commission (ITC) on Friday indicated it was supporting LG Chem over SK Innovation in an ongoing patent lawsuit.
The year-long battery brawl between LG Chem and SK Innovation is coming to an end in two weeks, but the two battery makers still seem to be a long way from making amends.