LG Energy Solution

General Motors Co. (NYSE:GM) has announced the development of a revolutionary EV battery technology, aiming to secure a leading position in the market with its cost-effective solution for large electric SUVs and trucks. What Happened: GM is spearheading a unique EV battery technology that is...

Editor’s Note: This story has been updated with a statement from General Motors. General Motors (NYSE:GM) will sell its stake in Ultium Cells LLC’s battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution, the automaker said in a statement on Monday. What...

Following Tesla Inc.’s (NASDAQ:TSLA) disappointing fourth-quarter results, the stock prices of its Asian suppliers and electric vehicle (EV) competitors have taken a hit. What Happened: As reported by CNBC, Tesla’s shares fell on Wednesday after the company’s fourth-quarter...

The lithium market is facing persistent turmoil as spot prices have continuously declined for more than a year. Supply shortages and speculation caused a lithium bubble in 2022, with spot prices reaching CNY 600,000 ($84,400)/ton. However, increased production and subdued Chinese demand caused the...

Citi Bank predicts a surge in EV battery demand and reveals the top four stock picks, CNBC reports. The top stock picks include Contemporary Amperex Technology Co (CATL), LG Energy Solution, Panasonic (OTC:PCRFY), and Albemarle (NYSE:ALB), with potential upsides of 38%, 23%, 25%, and nearly 30%...

South Korea's LG Energy Solution, which counts Tesla Inc (NASDAQ: TSLA) and Lucid Group Inc (NASDAQ: LCID) as customers, is reportedly investing $7.2 billion to build new battery plants in North America including two in the U.S. and one in...

General Motors Co's (NYSE: GM) South Korean battery supplier LG Energy Solution is expected to price its shares at the top of the marketed range in the upcoming listing, Bloomberg reported, citing people familiar with the matter. What Happened: LG Energy, which also supplies batteries to...

South Korea's LG Energy Solutions, which supplies EV batteries to the likes of Tesla, Inc. (NASDAQ: TSLA), Ford Motor Company (NYSE: FM) and Volkswagen AG (PNK: VWAGY), is reportedly gearing up for a massive initial public offering. What Happened: LG Energy is planning to offer 34 million...

Tesla Inc. (NASDAQ: TSLA) battery supplier LG Energy Solution said it has entered into a six-year deal with an Australian mining company for the stable supply of key battery materials - cobalt and nickel. What Happened: LG Energy, a subsidiary of South Korea-based LG Chem, said it will purchase 71,...

Tesla Inc (NASDAQ: TSLA) supplier LG Energy Solution, which spun-off from LG Chem earlier this month, has signed a $9.8 billion electric vehicle battery investment agreement with Indonesia, Reuters reported Wednesday (Jakarta time). What Happened: The memorandum of understanding (MOU) was...