Ford announced on Tuesday it has signed a non-binding memorandum of understanding (MOU) with LG Energy Solutions and Koç Holding, forming a joint venture to build one of Europe’s largest commercial electric vehicle battery cell […]
LG Energy Solutions (LGES) announced last year plans to open an electric vehicle (EV) battery factory in Arizona. Before construction began LGES put the project on hold, saying it was reviewing the plant, and others, […]
General Motors and LG Energy Solutions confirmed they would not open a fourth EV battery plant in the United States. The move comes after the two companies could not reach an agreement, per CNBC. Per […]
LG Energy Solutions have signed an offtake agreement to purchase battery-grade lithium carbonate from Utah-based Compass Minerals. The agreement will see Compass Minerals provide Tesla battery supplier LG Energy Solutions with 40 per cent of […]
Honda and LG Energy Solutions confirmed this morning that the two companies would open a US battery plant in Ohio. The companies announced in August that they would open a battery plant stateside, but at […]
Honda announced on Monday plans to build an electric vehicle (EV) battery plant in the US with LG Energy Solutions. The two companies will spend up to $4.4 billion on the new plant, which is […]
As the race to produce EV batteries continues to heat up, General Motors and LG Energy Solutions are considering a fourth EV plant for their joint-venture company. Via reporting by Reuters, Ultium Cells is now […]
The United States Department of Energy announced that it intends to loan $2.5 billion to Ultium Cells. Ultium Cells is a joint-venture company between LG Energy Solutions and General Motors. The loan is to help […]
LG Energy Solutions (LGES) is reviewing its planned $1.5 billion EV battery plant in Arizona. The company released a statement noting that they are reviewing various investment options due to the “unprecedented economic conditions and […]
LG Energy Solutions has announced the company would invest 730 billion won (about $568 million) to expand its 4680 and 2170 battery cell production capacity in South Korea. The investment will expand production at LG […]
