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LG Energy Solution signed two supply agreements with Ford Motor to provide 109 gigawatt-hours (GWh) worth of EV batteries.
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.
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.
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.
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.
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.
The battery maker has committed to its initial investment plan despite a 38 percent drop in operating profit in the second quarter.
Korea's car and EV battery markets grapple with 'Trump risk' ahead of U.S. election, impacted by potential policy changes and tariff threats.
The joint venture between LG Energy Solution and General Motors is slowing the construction of a Michigan plant in an effort to trim investment amid slowing EV demand.
LG Energy Solution developed an AI-powered system that could shorten the battery cell design process to a day.
Korea JoongAng Daily Sitemap