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The Latest Breaking News from LG Energy Solution

Stellantis And LGES Battery JV Named NextStar Energy

Stellantis and LG Energy Solution (LGES) announced that their battery gigafactory joint venture in Windsor, Ontario will be named NextStar Energy Inc.

InsideEVs

UAW pushes to represent battery plant workers in Ohio

The United Auto Workers said it's moving forward with attempts to unionize a joint-venture battery cell plant after pushback from Ultium Cells LLC, a company General Motors Co. and partner LG Energy Solution own.

Tribune News Service

Rumor: Samsung SDI Developing Various 4680 Cylindrical Batteries

Samsung SDI potentially might become another supplier of the 4680-type cylindrical battery cells for Tesla, like Panasonic and LG Energy Solution (rumor).

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Stellantis to announce second North American battery plant in Kokomo, Indiana

Jeep maker Stellantis NV is expected to announce plans Tuesday to locate its second North American electric-vehicle battery manufacturing plant in Kokomo, Indiana, three sources familiar with the situation told The Detroit News, beating out two sites in Michigan.

Tribune News Service

Morning Brief: Top Financial Stories Dominating on Wednesday, April 27

Reuters Kellogg Sues British Government Over New Sugar Rules

Benzinga

Tesla Cushions Downside For Battery Supplier LG Energy Solution In Q1: What You Need to Know

Tesla, Inc.'s (NASDAQ: TSLA) battery supplier LG Energy Solution (LGES) reported strong quarterly results amid an inclement economic and geopolitical environment. The better-than-expected results in its maiden report as a public company were helped by strong battery sales to Tesla.

Benzinga

NHTSA Launches Investigation Into LG Energy EV Battery Failures

After a series of battery cell failures in EVs from the likes of Chrysler, GM, Hyundai, and VW, the investigation targets cell producer LG Energy Solution.

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NHTSA opens investigation into LG Energy Solution over EV battery recalls

A federal auto safety agency has opened an investigation into Korean manufacturer LG Energy Solution's high-voltage electric-vehicle batteries after their internal failures in several vehicle models led to fire risks and recalls.

Tribune News Service

US agency opens probe into electric vehicle batteries

U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after seven automakers issued recalls for defects that can cause fires or stalling

The Independent UK

LG Energy Solution Announces Cylindrical Battery Plant In U.S.

LG Chem's LG Energy Solution announced a 1.7 trillion KRW ($1.39 billion) investment in a new factory for cylindrical batteries in Arizona.

InsideEVs

Official: Stellantis And LGES Announce 45+ GWh Gigafactory In Canada

Stellantis and LG Energy Solution officially announced an over $5 billion CAD ($4.1 billion USD) investment in a battery gigafactory joint venture in Canada.

InsideEVs

This Tesla, Lucid Supplier Is Investing $7.2B In North America To Boost EV Battery Output

South Korea's LG Energy Solution, which counts Tesla Inc (NASDAQ: TSLA) and Lucid Group Inc (NASDAQ:

Benzinga

LG Energy Solution Announces $1.7 Billion Plant Expansion In Michigan

LG Chem's LG Energy Solution (LGES) will invest $1.7 billion into its existing lithium-ion battery cell plant in Holland, Michigan, which was built in 2010.

InsideEVs

Canada: LGES Reveals Battery JV Plan With Stellantis

The rumors about a new battery gigafactory in Canada appear to be true, as LG Chem's LG Energy Solution revealed a few details in a regulatory filing.

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The Independent UK

EV battery maker LG will add up to 1,200 jobs in Michigan

Electric vehicle battery maker LG Energy Solution, a joint-venture partner with automaker General Motors, plans a $1.7 billion expansion in western Michigan that will add up to 1,200 jobs by 2025

InsideEVs

Global Passenger xEV Battery Market Doubled In 2021: 286 GWh

The global passenger xEV (BEVs, PHEVs, HEVs) battery market significantly expanded in 2021, reaching a new record level.

InsideEVs

LG Energy Solution Announces Revenue Target For 2022

LG Chem's LG Energy Solution announced a 10% increase in revenues in Q4 2021, which allowed it to return to profitability after the negative Q3 result.

InsideEVs

LG Energy Solution Achieves 'Stellar' Stock Debut

According to Reuters, LGES in its "stellar stock debut" becomes the #2 most valuable company in South Korea.

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