Korea Joongang Daily
Korea JoongAng Daily

LG Energy Solution joins hands with Toyota Tsusho to set up battery recycling JV

LG Energy Solution, Korea's leading battery manufacturer, said Thursday it has signed a deal with Toyota Tsusho, a trading company under Japan's Toyota Group, to set up a battery recycling joint venture (JV) in the United States.

2025-06-19

'Korean version of IRA' for battery makers gets a jolt from Lee Jae-myung's win

Lee Jae-myung’s victory will likely bring Korea closer to revising tax laws favorable to battery companies, dubbed the Korean version of the Inflation Reduction Act (IRA), ending months of uncertainties for domestic battery manufacturers.

2025-06-04

LG Energy becomes first to mass-produce LFP batteries for ESS in U.S.

LG Energy Solution has begun mass production of lithium iron phosphate (LFP) batteries for energy storage systems (ESS) at its plant in Holland, Michigan, as the first global battery manufacturer to do so in the United States.

2025-06-01

LG Energy begins mass production of batteries for ESS at U.S. plant

LG Energy Solution has begun mass production of lithium iron phosphate batteries for energy storage systems at its Michigan plant, fulfilling demand in North America.

2025-06-01

LG Energy Solution wins patent case against China's Sunwoda Group over battery technology

LG Energy Solution won a patent infringement case in Germany against China’s Sunwoda Group, marking the Korean battery maker’s first legal success following its declaration last year to aggressively pursue "patent freeloaders."

2025-05-29

LG Energy’s ESS business takes all-in-one approach

LG Energy Solution presented its Energy Storage System (ESS) battery business blueprint at InterBattery Europe 2025 in Munich, Germany this month, which was attended by over 100,000 visitors.

2025-05-28

GM to commercialize lithium manganese-rich batteries developed with LG Energy Solution

General Motors (GM) announced that it will commercialize a new generation of lithium manganese-rich (LMR) prismatic batteries developed in partnership with LG Energy Solution by 2028.

2025-05-14

Chinese battery maker CATL’s new 'salt battery' puts Korean manufacturers on alert

Korean battery makers are on edge following Chinese battery giant CATL’s unveiling of a new sodium-ion battery — dubbed the “salt battery” — which could reshape global competition in the fast-evolving EV battery market.

2025-05-13

LG Energy Solution Q1 net income up 6.8% to 226.6 billion won

LG Energy Solution on Wednesday reported its first-quarter net profit of 226.6 billion won ($158.3 million), up 6.8 percent from a year earlier.

2025-04-30

LG Energy Solution pulls out from Indonesia EV battery investment

LG Energy Solution has withdrawn from an $8.45 billion EV battery project in Indonesia, citing market conditions, but will pursue other collaborations with the Indonesian government.

2025-04-21