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LG Energy Solution
Korea's LG Energy Solution (LGES) is a major player in the battery maket. It has been making aggressive moves in a bid to expand its market share.
IN THE NEWS
Monday 24 June 2024
LGES ventures into bipolar solid-state battery sector, eyeing urban air mobility applications
LG Energy Solution (LGES) has officially joined the development of semi- and all-solid-state batteries with a bipolar structure.
Friday 21 June 2024
South Korean battery makers see market share decline amid Chinese dominance
Chinese battery giants CATL and BYD continue to assert dominance in the global market.
Tuesday 28 May 2024
LGES retools its first North American plant amid soft EV demand
Battery maker LG Energy Solution will enhance its plant in Michigan to strengthen the facility's role as the mother factory in North America. The South Korean company is building...
Tuesday 21 May 2024
LGES likely to overtake Panasonic in launching 46800 battery mass production
LG Energy Solution has been progressing in the development of the 46800 battery.
Wednesday 8 May 2024
EV makers reportedly compensate South Korean battery companies due to declining procurement
EV manufacturers reportedly failed to purchase the minimum quantity of batteries stipulated by contracts as EV demand softens.
Monday 6 May 2024
Samsung SDI expanding investment among weak 1Q24 results
Leading South Korea-based battery manufacturers LG Energy Solution, Samsung SDI, and SK On reported unsatisfactory financial performance in the first quarter of 2024 due to slow EV...
Thursday 25 April 2024
Over 90% foreign production strikes South Korean battery exports
In 2023, South Korea saw the first decline in rechargeable battery exports in eight years. The industry suspected that the situation is related to major battery manufacturers like...
Monday 8 April 2024
LGES, GM commence second joint battery plant under over-capacity pressure
Ultium Cells, a battery joint venture between LG Energy Solution and General Motors, has started production at its second plant in Tennessee, the US. The first product has been delivered...
Thursday 21 March 2024
Samsung SDI to mass-produce 46-phi cylindrical battery with GM
Battery maker Samsung SDI will work with General Motors to begin volume production of the 46-phi cylindrical batteries. South Korea-based ET News reported that the pair plans...
Monday 18 March 2024
InterBattery recap: Samsung SDI will mass-produce 46-phi battery in 2025
Samsung SDI accelerates the development of a new-generation cylindrical battery 46-phi, which has a 46mm diameter. The company will begin volume production as early as 2025. The media...
Wednesday 13 March 2024
LGES, Qualcomm Technologies to develop BMS with 80X increase in computing power
Battery maker LG Energy Solution announced that it will collaborate with Qualcomm Technologies to work on advanced Battery Management System (BMS) diagnostic solutions for EV batte...
Wednesday 21 February 2024
LGES 46800 battery reportedly to first power Tesla Cybertruck
South Korea-based LG Energy Solution has revealed a schedule for the volume production of its 46800 battery, which will likely first support Tesla. Media reported that EV makers Rivian...
Monday 19 February 2024
LGES to mass-produce 46800 battery as soon as August, likely supplies beyond Tesla
LG Energy Solution (LGES) will start the mass production of its 46800 batteries in August 2024 at the soonest. Besides Tesla, the battery maker has been in touch with other customers...
Monday 5 February 2024
LGES, Hyundai reportedly to double battery production in Indonesia
As China-based BYD announced a US$1.3 billion investment in Indonesia, Hyundai Motor, which sees the country as a critical market, will likely take a countermeasure. The South Korean...
Monday 5 February 2024
South Korea-based battery suppliers in expansion push in 2024 despite uncertainties
Amid signs of a slowdown in demand for EVs and industrial uncertainties, South Korean-based battery makers remain committed to their global production expansion plans.