12 stories found
LG Energy Solution CEO Kim Dong-myung announced the company's plan to expand its energy storage system (ESS) business to comprise around 40 percent of its portfolio, aligning with market trends.
US government confirms Tesla and LG Energy Solution's $4.3 billion battery deal Reuters
LG Energy Solution (LGES) has held a grand opening ceremony for its new battery manufacturing plant located in Canada, expanding its global production capabilities.
LG Energy Solution said Monday it would showcase next-generation battery technologies spanning electric vehicles, energy storage systems and robotics at InterBattery 2026, the nation’s largest…
Samsung SDI CEO Choi Joo-sun indicated a potential restructuring of US joint ventures with Stellantis and General Motors, as the company shifts focus from premium electric vehicle batteries to more cost-competitive products and energy storage.
LG Energy Solution’s Canadian battery plant is emerging as a bright spot for the company as the global electric vehicle market slows, offsetting weaker performance at some of its European and US facilities. According to the company’s audit report released Thursday, NextStar Energy, LG Energy Solution’s battery plant in Windsor, Ontario, posted revenue of 362.4 billion won ($268 million) last year, up 22.4 percent from a year earlier. Operating profit reached 53 billion won, surging nearly fivefo
LG Energy Solution has inaugurated its first battery manufacturing plant in Canada, which will serve as a key hub for energy storage system batteries across North America.
LG Energy Solution is reportedly looking to sell A$419 million worth of its shares in Liontown, according to a term sheet.
Tesla is expanding its partnership with LG Energy Solution through a $4.3 billion deal for U.S.-produced battery cells from a Michigan plant, intended for energy storage systems. This confirms the previously reported investment for a new battery facility in the state.
South Korea's leading battery manufacturers, LG Energy Solution and Samsung SDI, highlighted their extensive patent portfolios at InterBattery 2026, with Samsung SDI specifically issuing a warning against patent infringement and technology leakage in its prismatic battery technology.
Industry Minister Kim Jung-kwan left for Canada on Thursday to lend support for a South Korean consortium's bid to secure Canada's high-profile submarine project. To help the Korean consortium win the estimated 60 trillion-won ($41 billion) project, Kim plans to meet with Canadian Industry Minister Melanie Joly and other government officials, according to the Ministry of Trade, Industry and Resources. Kim is also scheduled to attend the completion ceremony for LG Energy Solution Ltd.'s joint ele
LG Energy Solution said Tuesday that strengthening its patent portfolio and sustaining research and development investment are key to weathering the global battery market slowdown and securing long-term technological leadership. “A fierce global race is underway to secure technology leadership,” said Lee Han-sun, executive vice president at LG Energy Solution. “The decisive weapon in that race is premium patents, and we have built a strong competitive position in this area.” The company defines