LG Energy Solution secured a major battery deal with Hanwha Q Cells for energy storage systems.
LG Energy announced that it forming a sales team in Japan to expand its business with automakers in the country as they shift to EVs.
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.
Korean battery makers are trading lower Tuesday morning after Tesla announced massive job cuts amid declining sales.
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.
LG Energy Solution is enhancing the competitiveness of its partners and establishing a sustainable mutual growth system through various collaborative activities.
Korea JoongAng Daily Sitemap