Tesla has secured a $4.3 billion agreement with South Korea’s LG Energy Solution (LGES) to supply lithium iron phosphate (LFP) batteries for its energy storage systems. The deal, which was outlined in a filing with […]
General Motors has announced plans to sell its stake in its $2.6 billion battery cell plant jointly owned with LG Energy Solution. The transaction is reportedly worth $1 billion, equivalent to the automaker’s investment in […]
Tesla may be considering purchasing electrodes for its 4680 battery cells in large quantities from LG Energy Solution. Korean media reported that Tesla and LGES are planning to enter into a supply deal worth more […]
Tesla will soon have a partner producing 4680 battery cells. According to LG Energy Solutions (LGES) President and CEO Kim Dong-myung, the company plans to begin production as early as August. Dong-myung made the comments […]
Toyota and LG Energy Solution have inked a strategic supply agreement to ensure a steady supply of lithium-ion batteries for Toyota’s US-manufactured electric vehicles, starting in 2025. LG Energy Solution is committing a substantial $3 […]
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, […]
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 […]
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 […]
According to multiple sources, LG Energy Solutions plans to build a cylindrical battery factory in Queen Creek, Arizona. The reporting coming from Reuters note that the factory will produce cylindrical battery cells for EVs, electric […]
