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The Latest Breaking News from LG Energy Solution

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

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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.

InsideEVs

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.

InsideEVs

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

The Independent UK

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.

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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.

InsideEVs

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.

Tribune News Service

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.

InsideEVs

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.

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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.

The Independent UK

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

InsideEVs

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.

InsideEVs

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.

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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.

Tribune News Service

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.

InsideEVs

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.

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.

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