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.
The company is down 57.6 percent on year, according to a preliminary earnings announcement Monday, falling considerably short of market expectations.
LG Energy Solution plans to use dry-coating technology in battery making after losing ground in the market to China nad CATYL and BYD.
The Korean battery maker secured the first LFP battery deal as it reached an agreement with Renault.
LG Energy Solution has halted construction of its battery production line for energy storage systems (ESS) in Arizona seven months after breaking ground in a chain response to the stalling EV market.
Georgia Governor Brian Kemp said his state offers the perfect investment destination for Korean companies amid uncertainties from the U.S. presidential election.
Ultium Cells and the United Auto Workers Union reached an agreement to raise employee wages by 30 percent at the joint venture's Lordstown, Ohioo plant over the next three years.
LG Energy Solution views the current situation in the EV market as a stagnation phase, known as the “chasm,” which occurs just before the widespread adoption of the vehicles.
Korea JoongAng Daily Sitemap