LG Energy Solution Releases 2024 Third-Quarter Results
* LG Energy Solution posts KRW 6.8778 trillion in consolidated revenue and KRW 448.3 billion in operating profit * The company secures large-scale supply agreements leveraging new form factors and chemistries * The company to effectively address EV/ESS market needs, with the long-term focus...
LG Energy Solution to Power Electric Versions of Ford's Commercial Vans in Europe
* LG Energy Solution to supply battery modules from its Poland facility for Ford's commercial vans in the UK and EU markets SEOUL, South Korea, Oct. 15, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced it signed supply agreements with Ford Motor Company ("Ford") to power th...
Empower Every Possibility: LG Energy Solution Unveils Corporate Vision, Announces Mid-to-Long-Term Business Strategies
* Company to expand into 'circular energy business,' going beyond battery manufacturing * LG Energy Solution plans to stand at the center of the entire circular energy ecosystem, unlocking limitless business opportunities * The company aims to lead market as a comprehensive energy solution ...
LG Energy Solution Launches New Brand 'B.around' for Battery Management Total Solution
* Company to accelerate expansion into battery management total solution field with debut of dedicated brand, 'B.around' * Slogan for the brand, "Be Around Your Side," represents a reinforced commitment to staying close to customers, constantly monitoring various battery conditions to guarant...
LG Energy Solution to Pioneer Battery Safety Diagnostics Software Business, Exploring Unlimited Business Extension Opportunities
* Safety diagnostics software detects battery defects with an accuracy rate of over 90%, leveraging company's technological leadership backed by BMS development capabilities and empirical battery data accumulated over more than 20 years * Mounted on the BMS for automobiles, the software detec...
LG Energy Solution and Liontown Resources agree on long-term strategic partnership, securing lithium supply chain and future growth opportunities
SEOUL, South Korea, July 2, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) and Liontown Resources Limited (Liontown) today entered into a strategic partnership aimed at fortifying their long-term collaboration in the global lithium sector. The companies signed a convertible note subscrip...
LG Energy Solution to Supply LFP EV Batteries to Renault Group's Ampere
* LG Energy Solution to supply lithium iron phosphate (LFP) pouch-type batteries to Ampere for five years starting from 2025, total capacity around 39GWh * Deal marks the company's first large-scale supply of LFP batteries for EVs, expanding product portfolio and penetrating the entry-level m...
LG Energy Solution Teams up with Analog Devices, Inc. to Gain Competitive Edge in Battery Management Total Solution
* LG Energy Solution signs MoU with Analog Devices, Inc. (ADI), a global semiconductor leader with Innovative Intelligence at the Edge technologies in the field of battery management. * The companies are working towards co-development of a technology that will enable precise measurement of ba...
LG Energy Solution to Host 'Battery Challenge 2024' to Foster Startups with Promising Next-Generation Technologies
* LG Energy Solution seeks to partner with promising startups around the globe by proactively discovering and acknowledging them in their early stages of development * Along with the prize money of up to $30,000, selected companies will be considered for future investment and technological co...
LG Energy Solution Makes Progress Amid Market Uncertainties, Aims to Strengthen Fundamental Competitiveness This Year
* LG Energy Solution records KRW 6.1287 trillion in consolidated revenue and KRW 157.3 billion in operating profit * Despite market uncertainties, the company bears fruits in expanding U.S. operation and developing new business areas * LG Energy Solution to focus on strengthening fundamental...
LG Energy Solution to Take Firm Stance Against Patent Infringers
* A surge in patent infringement by latecomers in the battery industry, and subsequent market distortion caused by unlicensed use of patented technology, calls for strong countermeasures to level the playing field * LG Energy Solution believes that at least 500 patents directed to its first t...
LG Energy Solution to Take Firm Stance Against Patent Infringers
* A surge in patent infringement by latecomers in the battery industry, and subsequent market distortion caused by unlicensed use of patented technology, calls for strong countermeasures to level the playing field * LG Energy Solution believes that at least 500 patents directed to its first t...
LG Energy Solution's $5.5 Billion Stand-Alone Battery Manufacturing Complex Project in Arizona Well Underway
* LG Energy Solution invites Arizona state government and local community officials for a construction progress update on its second U.S. stand-alone facility * Completion and start of production expected in about two years, with full-scale hiring for thousands of new jobs to begin in the sec...
LG Energy Solution Strengthens Partnership with WesCEF, Secures Stable Lithium Supply Chain for the North American Market
* LG Energy Solution signs a second offtake agreement with WesCEF, expands its supply chain for competitive lithium procurement * Lithium hydroxide and lithium concentrate from WesCEF's Mt. Holland lithium project to be assembled into IRA-compliant batteries for the North American market * ...
LG Energy Solution Posts Steady Annual Growth, Aims for Continued Advancement Through Qualitative Growth
* LG Energy Solution marks KRW 33.7 trillion in consolidated revenue and KRW 2.2 trillion in operating profit in 2023 * To maintain growth momentum, the company to pursue qualitative growth by securing technology leadership, cost competitiveness and future readiness * This year's guidance fo...
LG Energy Solution to Invest in Promising U.S. Lithium Metal Battery Technology Startup, Solidifying Leadership in Next-Generation Battery Technology
* LG Energy Solution announces equity investment in Sion Power, an Arizona -based startup that holds core patents for lithium metal battery technologies * The latest investment is part of company's dedication to open innovation, joining efforts with competent partners to tackle technological ch...
LG Energy Solution Reports Solid 3Q Operating Profit, Aims to Enhance Product Competitiveness Across All Segments
* Revenue increases 7.5 percent, operating profit up 40.1 percent year on year, primarily due to stable increase of production volume at GM JV (Ultium Cells) plant inOhio, as well as product mix improvement * The company to focus on reinforcing product competitiveness across all segments * ...
LG Energy Solution Crosses Halfway Mark in Its Journey to Reach Carbon Neutrality
* LGES' ESG Report 2022 published today, announcing a string of sustainable business management progress made in the previous year * 61 percent of the electricity used in the company's global production sites was generated from renewable sources… 56 percent when including non-manufacturing bu...
LG Energy Solution Records Steady Gains in 2Q, Increases Revenue Guidance for 2023
* LGES posts quarterly revenue of KRW 8.774 trillion, operating profit of KRW 461 billion in the second quarter of 2023 * The company records strong first half-year performance by strengthening competitiveness amid growing EV demands in the U.S. market * LGES aims for over mid-30 percent ann...
LG Energy Solution and Hyundai Motor Group to Establish Battery Cell Manufacturing Joint Venture in the U.S.
* The new battery cell JV will be located in Bryan County, Savannah, Georgia where Hyundai Motor Group Metaplant America is currently being built * Total investment amount of over USD 4.3 billion; LGES and HMG to take a 50 percent stake respectively * JV's battery production aimed to start a...
