LG Energy Solution Partners with Syrah To Expand Critical Mineral Portfolio in North America
* LGES diversifies its supply chain of natural graphite, one of key battery materials with the least diverse supply chain * The company continues to boost competitiveness and stability of its critical mineral supply chain inNorth America through a series of partnerships SEOUL, South Korea, O...
LG Energy Solution Partners with Three Canadian Suppliers to Augment Key Battery Material Supply Chain in North America
* LGES reinforces its cobalt and lithium supply chain in North America by forging comprehensive collaborations with key suppliers inCanada * The company to further expand its efforts in securing raw material supply chain inNorth America to uphold its mid- to long-term strategy focusing on Nor...
LG Energy Solution and Honda to Form Joint Venture for EV Battery Production in the U.S.
SEOUL, South Korea, Aug. 29, 2022 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (NYSE:HMC) today announced an agreement to establish a joint venture (JV) company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North Americ...
LG Energy Solution Aims to Achieve RE100 in All Global Production Sites by 2025
* The initiative was introduced in the ESG Report 2021 published today * The company to focus on "Carbon Negative" after achieving carbon neutrality across the entire value chain by 2050 SEOUL, South Korea, Aug. 2, 2022 /PRNewswire/ -- LG Energy Solution (LGES; 373220) announced its plan to ac...
LG Energy Solution Sets Up Special Advisory Council of Global Artificial Intelligence Experts
* New council established to drive company's digital innovation and promote manufacturing intelligence * Five global AI experts specializing in various crucial sectors assigned to spearhead key technological tasks SEOUL, South Korea, June 11, 2022 /PRNewswire/ -- LG Energy Solution (LGES; KRX...
LG Energy Solution Battery Powers Successful GUINNESS WORLD RECORDS® Attempt for the Highest Altitude Achieved in an Electric Vehicle
* Rainer Zietlow sets a new record for the highest climb in an electric vehicle * The electric vehicle, powered by LG Energy Solution's battery cells and modules, reaches an altitude of 5,816 meters on Bolivian volcano SEOUL, South Korea, May 23, 2022 /PRNewswire/ -- LG Energy Solution (LGES;...
LG Energy Solution Wins E-Mobility Leader Award for Efforts in Zero-Emission Mobility
* The largest single EV battery manufacturing facility in Europe recognized for running on 100% renewable energy * The company's entire global operations to pursue RE100, in addition to reusing and recycling batteries, to counter climate change SEOUL, South Korea, May 4, 2022 /PRNewswire/ -- ...
LG Energy Solution Releases Preliminary Earnings for First Quarter 2022
SEOUL, South Korea, April 7, 2022 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) today announced its preliminary earnings results for the first quarter of 2022. LGES reported revenues of KRW 4.34 trillion, a decrease of 2.2% compared to the previous quarter. LG Energy Solution's first q...
Stellantis and LG Energy Solution to Invest Over $5 Billion CAD in Joint Venture for First Large-scale Lithium-ion Battery Production Plant in Canada
* Joint venture company to become first large-scale, domestic, electric-vehicle battery manufacturing facility inCanada * Facility to have an annual production capacity in excess of 45 gigawatt hours * Plant targeted to be operational in 2024 and create an estimated 2,500 new jobs WINDSO...
LG Energy Solution to Invest KRW 1.7 Trillion in Its First Cylindrical Battery Plant in U.S.
* New LG Energy Solution factory for cylindrical batteries to be built with KRW 1.7 trillion investment * Construction to begin in the second quarter of 2022, with mass production to start in 2024 with production capacity of 11GWh SEOUL, South Korea, March 23 , 2022 /PRNewswire/ -- LG Energy S...
LG Energy Solution obtains license from CAMX Power for its GEMX® advanced cathode material platform for Lithium-ion batteries
LEXINGTON, Mass., March 7, 2022 /PRNewswire/ -- LG Energy Solution Ltd. (LGES; KRX: 373220) and CAMX Power LLC (CAMX) announce that LGES has obtained a license under the intellectual property of CAMX relating to the GEMX® platform of nickel based high energy high power cathode materials for use i...
LG Energy Solution's New Chief Digital Officer to Lead Digital Transformation of Battery Manufacturing Unit
SEOUL, South Korea, Feb. 20, 2022 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) today announced it welcomed Dr.Peter Kyungsuk Pyun as the newly created position of Chief Digital Officer, CDO, as the company ramps up efforts to digitally transform its entire global facilities into data-ce...
LGES completes acquisition of NEC Energy Solutions to expand capabilities in ESS value chain
* LG Energy Solution acquires 100% share of NEC Energy Solutions, a non-automotive lithium-ion battery and system integration business * Purchase strengthens LGES's ability to deliver fully integrated energy storage systems including installation, maintenance and operations support to enhance...
LG Energy Solution Announces Fourth Quarter and FY 2021 Results
* Reports quarterly revenue of KRW 4.44 trillion, 10.2 percent higher than previous quarter; operating profit atKRW 76 billion * Targets revenue goal of KRW19.2 trillion with plans to spend KRW 6.3 trillion in capital expenditures for 2022 SEOUL, South Korea, Feb. 7, 2022 /PRNewswire/ -- LG E...
