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The Latest Breaking News from LG Energy Solution

Hyundai Quietly Starts Work On Its Own EV Batteries: Report

The Hyundai Motor Group is planning to develop and manufacture its own electric vehicle battery cells amid growing concerns of falling behind in the battery race, according to a local news report from South Korea. The decision was reportedly made after Chinese EV and battery giant BYD showcased its megawatt…

InsideEVs

The U.S. Is About To Nearly Double Its Battery Production Capacity

Amidst last year's presidential elections and all the political and cultural firestorm that came with it, it was easy to ignore the quiet revolution that was underway in the U.S.: a battery manufacturing blitz.

InsideEVs

Scout's Home State Blocks Direct EV Sales. This Bill Might Change That

Volkswagen-backed Scout Motors broke ground on its new $2 billion electric vehicle plant in South Carolina last year. That factory is expected to roll out EV and EREV trucks and SUVs in the 2027-2028 timeframe. Scout also wants to skip the dealers and sell directly to you through an online…

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Elon Musk Will Not Get A $100 Billion Pay Package For Christmas

Remember Elon Musk's $56 billion payday? I know what you're thinking: not this news again. But, yes, this news again—Musk's multi-billion-dollar pay package is once again a topic of debate. More than five months after it fell off the news cycle, things aren't looking great for ol' Elon despite the…

InsideEVs

General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution

General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan

The Independent UK

Kia EV9 U.S. Production Slows Amid Stricter IRA Rules

The Kia EV9 is in a league of its own at the moment. It's the only offering of its kind in the $50,000-$70,000 price bracket. In October, it even outsold the smaller and more affordable EV6. The numbers speak to America’s love affair with big, family-friendly SUVs—especially ones that go electric. But…

InsideEVs

Why Hyundai, Samsung And Korea May Stay Ahead In The Trump Era

Over the past four years, the U.S. has had a president who has aggressively supported clean energy investments and pushed for an electric transformation of the auto industry. In two months' time, the White House will be occupied by someone who's been openly critical of electric vehicles and has threatened…

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2026 Rivian R2 Will Get New LG Cells With 'Six Times' The Capacity

The battery blitz in America continues and the newest beneficiary of that is the upcoming Rivian R2.

InsideEVs

Rivian Reports Quarterly Loss; 'On Track' For Gross Profit Per Vehicle Delivered

Rivian stock is about 87% below its IPO price of $78.

Investors Business Daily

Ford Mustang Mach-E Battery Production Is Moving To America

The consumer-facing side of electric vehicles paints a limited picture of what's happening in the broader automotive industry. But when you glance behind the scenes, things start appearing far clearer, to a point where it's pretty evident that the future of road transport is battery-powered. A big part of what's…

InsideEVs

Jaguar tells owners of older I-Pace electric SUVs to park them outdoors due to battery fire risk

Jaguar is telling owners of about 3,000 electric SUVs to park them outdoors and away from structures due to the risk of battery fires

The Independent UK

LG battery recall ramps up as 4400 homes remain at risk

Faulty solar batteries that have caused house fires are still being used in thousands of Australian homes, forcing LG to intensify recall efforts.

AAP

LG Energy Solution To Reduce Capex Amid Slow EV Demand

LG Energy Solution adjusts capex to match EV market demand, focusing on sustainability and future growth opportunities.

Top News

LG Energy Solution's 4680-Type Batteries Are Coming 'Soon'

LG Energy Solution, one of the world's largest manufacturer of EV batteries, is expected to launch new high-capacity cylindrical battery cells soon.

InsideEVs

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LGES And SK On Lay Off Workers As EV Battery Market Needs A Correction

The lithium-ion EV battery market appears to be on the verge of correction in the U.S., after a few years of rapid growth with multi-billion investments.

InsideEVs

Ford, LGES And Koc Scrap Battery Cell JV Factory Plan In Turkey

Ford, LG Energy Solution (LGES) and Koc Holding's joint venture EV battery cell factory near Ankara, Turkey will not materialize due to market uncertainty.

InsideEVs

2025 Ram 1500 REV's Battery Pack Estimated To Cost Almost $26,000

The 2025 Cadillac Escalade IQ's 200-kWh battery pack is second in this data comparison from Visual Capitalist, with an estimated cost of $22,540.

InsideEVs

US-Built Toyota EVs To Use LG Batteries Made In Michigan

To make good on its part of the deal, LG will invest roughly $3 billion in its Michigan facility to establish new production lines for cells and modules exclusively for Toyota.

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Hyundai And LGES To Invest Additional $2 Billion In Georgia

Hyundai Motor Group and LG Energy Solution agreed to invest additional $2 billion in their battery cell manufacturing joint venture in Georgia.

The Independent UK

Hyundai and LG will invest an additional $2B into making batteries at Georgia electric vehicle plant

Hyundai and LG Energy Solution are spending an additional $2 billion and hiring an extra 400 workers to make batteries at the automaker's sprawling U.S. electrical vehicle plant that's under construction in Georgia

InsideEVs

2024 Hyundai Kona Electric Enters Production In Europe

The all-new Hyundai Kona Electric is made at Hyundai's plant in Nosovice, Czechia, with battery cells supplied by LG Energy Solution's plant in Wroclaw, Poland.

InsideEVs

UPDATE: Dangerous Chemical Spill Investigated At GM's Ultium Cells Plant

A slurry containing battery materials and a hazardous solvent leaked over the weekend, but Ultium Cells said no employees were exposed or injured in the spill.

InsideEVs

Jaguar I-Pace Battery Class Action Lawsuit: LG Chem Batteries Again?

The Jaguar I-Pace, which uses LG battery cells, was recently recalled due possible battery fires. The lawsuit says Jaguar sold vehicles knowing of the defect.

Tribune News Service

UAW's fight against GM's battery joint venture intensifies with new union report

DETROIT — The United Auto Workers is intensifying its fight against General Motors Co. and partner LG Energy Solution for the "high risk and low pay" it is offering the workforce at its Ultium Cells LLC joint-venture battery cell plant in Warren, Ohio.

InsideEVs

Stellantis Resumes Construction On EV Battery Plant In Canada

Stellantis and LGES reached a new agreement with the Canadian government, which has pledged "to level the playing field" with the U.S. Inflation Reduction Act.

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