Korea Joongang Daily
Korea JoongAng Daily

LG Energy Solution to supply cylindrical batteries to EV manufacturer Rivian

LG Energy Solution announced Friday that it has signed a deal to supply its next-generation 4695 cylindrical batteries to U.S. EV manufacturer Rivian.

2024-11-08

LG Energy Solution logs 38.7% fall in operating profit in Q3 on slowing EV sales

LG Energy Solution recorded a 38.7 percent drop in operating profit in the third quarter due to the slowdown in EV sales.

2024-10-28

LGES outlines ambitious future vision

LG Energy Solution (LGES) has announced "Empower Every Possibility" as its corporate vision, reflecting the battery maker’s ambition to go beyond battery manufacturing and play a core role in the “energy flow ecosystem.”

2024-10-22

LG Energy to supply 109 GWh of EV batteries to Ford by 2032

LG Energy Solution signed two supply agreements with Ford Motor to provide 109 gigawatt-hours (GWh) worth of EV batteries.

2024-10-15

LG Energy Solution inks battery deal with Mercedes amid profitability struggles

LG Energy Solution sealed a 10-year battery supply deal with Mercedes-Benz as the Korean battery maker struggles to defend its profitability amid faltering EV demand in global markets.

2024-10-08

LG Energy Solution vows to double sales, pivot to non-EV businesses

LG Energy Solution vowed to double its sales by 2028 through shifting its concentration to non-EV businesses like battery management systems (BMS) and air taxis as the EV sales slump lingers in global markets.

2024-10-07

Korean battery, materials shares bullish on perceived Harris debate win

The assessment that Vice President Kamala Harris came out on top in the U.S. presidential debate spurred investor sentiment in Korea on hopes of continued policies beneficial to local firms.

2024-09-11

LG Energy Solution to sell its battery safety diagnostics software

LG Energy Solution will start selling its battery safety diagnostics software with an accuracy rate of more than 90 percent as EV safety concerns rise.

2024-08-21

EV-phobia: A potential nightmare for Korean battery makers

The rapidly-spreading EV-phobia triggered by a recent EV explosion could be a nightmare for Korean battery makers who are already suffering from sharply dropped battery sales in the wake of cooling consumer demand in the global markets.

2024-08-16

Samsung SDI to forge ahead with investments despite underwhelming Q2

The battery maker has committed to its initial investment plan despite a 38 percent drop in operating profit in the second quarter.

2024-07-30