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The Latest Breaking News from LG Energy Solution

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.

InsideEVs

LGES-Honda Battery JV In Ohio: First Steel Beam Was Installed

Construction of the LG Energy Solution (LGES) and Honda's battery joint venture in Ohio progresses according to plan, reaching another milestone.

InsideEVs

Hyundai Motor Group And LGES Confirm 30 GWh Battery JV In Georgia

Hyundai Motor Group and LG Energy Solution officially announced a plan to establish a 50/50 EV battery joint venture in the US.

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BYD overtakes LG as world's No.2 EV battery supplier

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.

Bangkok Post

Tesla And Panasonic Could Get $41 Billion In Tax Credits By 2032

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.

InsideEVs

Hyundai and LG announce $4.3 billion plant in Georgia to build batteries for electric vehicles

Hyundai and LG Energy Solution say they will build a $4.3 billion electric battery plant in Georgia

The Independent UK

Stellantis Halts Construction Of Canada Battery Plant Over Incentives

Construction on the Windsor, Ontario battery module site has stopped, with Stellantis accusing the Canadian government of not keeping its side of the bargain.

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Global Passenger xEV Battery Market In 2022: 488.3 GWh (Up 70%)

The global passenger xEV (BEVs, PHEVs, HEVs) battery market significantly expanded last year, as both xEV sales and the average battery capacity are increasing.

InsideEVs

LGES Battery Plant In Arizona Gets A Revision: It Will Be Much Bigger

LGES, one of the world's largest lithium-ion battery manufacturers, will soon resume its new investment in Arizona, actually significantly expanding its size.

InsideEVs

LGES And Honda Break Ground For New EV Battery JV In Ohio

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

InsideEVs

Ford, LGES And Koç To Build 25-45 GWh Battery JV In Turkey

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.

InsideEVs

GM says fourth battery plant 'very much on track,' envisions others

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.

Tribune News Service

Report: LGES May Supply Tesla With Batteries From Arizona

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

InsideEVs

Rumor: General Motors Might Also Use Cylindrical Battery Cells

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

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Tribune News Service

LG gets extension on Michigan battery plant expansion as plans with GM stall

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.

InsideEVs

Rumor: GM-LGES Deal On 4th Ultium Battery Plant Not Certain

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.

InsideEVs

LGES And Honda's EV Battery JV In Ohio Officially Established

LG Energy Solution and Honda officially announced the formal establishment of the EV battery joint venture (JV), tentatively named L-H Battery Company.

Tribune News Service

UAW says Ultium negotiations to start in January

Ultium Cells LLC, the General Motors Co. and LG Energy Solution battery cell joint venture, and the United Auto Workers will begin negotiating on their first contract for workers at Ultium's northeast Ohio plant in January, union spokesperson Sandra Engle said in a statement.

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InsideEVs

2023 Volkswagen ID.4 Hit With $1,500 Price Hike Across The Board

Price hike aside, VW will stop taking reservations after January 4 as it anticipates ample availability at dealerships following the start of US production.

InsideEVs

Report: LGES To Upgrade Its Ochang Battery Plant In South Korea

LG Energy Solution, one of the world's largest lithium-ion battery manufacturers, prepares a major upgrade for its main domestic plant in Ochang, South Korea.

InsideEVs

US Department Of Energy Finalizes $2.5 Billion Loan To Ultium Cells

Ultium Cells will use the loan to finance construction of new battery cell plants in Ohio, Tennessee and Michigan, which will support a total of 11,000 jobs.

InsideEVs

Ultium Cells' Factory In Tennessee To Produce More Battery Cells

Ultium Cells intends to produce at its plant in Spring Hill, Tennessee (currently under construction) more battery cells than initially planned.

Tribune News Service

Department of Energy finalizes $2.5 billion loan to GM battery joint venture

WASHINGTON — The U.S. Department of Energy has finalized a $2.5 billion loan to Ultium Cells LLC, the EV battery joint venture between General Motors Co. and South Korean battery company LG Energy Solution, officials said Monday.

The Independent UK

GM joint venture gets $2.5B loan to build battery plants

A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan

Tribune News Service

UAW organizes its first EV battery plant

The United Auto Workers has organized its first joint-venture battery plant, a facility in northeast Ohio owned by General Motors Co. and LG Energy Solution, the union said early Friday.

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