LG Energy Solution showcased its distinctive battery technology at the Interbattery exhibition held in March, the largest event highlighting the domestic rechargeable battery industry.
The battery maker is reducing capital expenditure for the year after avoiding an operating loss on the back of U.S. tax credits.
Korea's largest battery is moving to protect its 30,000 global patents after identifying 580 cases of infringements by competitors.
The Korean cable manufacturer locked in a deal to supply the Danish firm with extra-high energy voltage cables.
Korean battery makers are trading lower Tuesday morning after Tesla announced massive job cuts amid declining sales.
HD Hyundai Energy Solutions has completed the installation of two rooftop solar power plants at CJ CheilJedang factories with a total capacity of 2.7 megawatts.
Hyundai Motor and Kia will collaborate with Indian battery maker Exide Energy Solutions to source batteries for their EVs on Indian roads.
LG Energy Solution's operating profit plummeted 75 percent in the first quarter amid the slowing of EV sales globally.
LG Energy Solution held a groundbreaking ceremony in Arizona for its $5.5 billion battery plant. which will be the biggest in North America.
Ultium Cells had delayed operations amid the slowing sales of EVs globally. The Tennessee plant was initially scheduled to begin operation at the end of 2023.
Korea JoongAng Daily Sitemap