The Latest Breaking News from LG Energy Solution

BYD, backed by Warren Buffett's Berkshire Hathaway, has gone past LG Energy Solution as the world's second-largest electric vehicle (EV) battery producer, reinforcing China's dominance of the industry as EV adoption picks up pace globally.

Tesla and Panasonic are expected to get about $1.8 billion in production tax credits this year compared to $480 million for GM and LG Energy Solution.

LG Energy Solution and Honda recently held the official groundbreaking ceremony for their EV battery joint venture factory, which will be built in Ohio.

Ford, LG Energy Solution (LGES) and Koç Holding announced a non-binding MoU to form a new joint venture to create battery cell facilities near Ankara, Turkey.

General Motors Co. is still planning a fourth battery plant and even more beyond that despite the reported breakup with supplier and partner LG Energy Solution.

LG Energy Solution noted during a recent conference call that it is in talks with Tesla to supply batteries from an Arizona factory.

General Motors, which is currently scaling-up its electrification efforts using its new Ultium platform, might make a major move related to batteries.

LG Energy Solution is getting an extension on formally entering into an agreement with Michigan's quasi-governmental economic engine to quintuple the size of its Holland, Michigan, electric-vehicle battery plant just days after it first was reported that the company won't be building a fourth battery plant with General Motors Co.

GM' electrification strategy includes building four battery plants in the US via joint venture with LGES, but there are some rumors about the 4th plant.