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South Korean battery maker LG Energy Solution (LGES) said on Thursday its revenue would plunge more than 20% this year and that it would ease capacity expansion due to a sharper-than-expected ...
SEOUL (Reuters) -South Korean battery firm LG Energy Solution (LGES) said on Friday it plans to cut capital expenditure by up to 30% this year on slowing electrical vehicle demand growth, after ...
SEOUL (Reuters) -South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to slowing global electric vehicle (EV) demand, after ...
LG Energy Solution Ltd. (LGES; Korean: 주식회사 엘지에너지솔루션) is a battery company headquartered in Seoul, South Korea. LGES is one of the largest battery makers in the world alongside CATL , Panasonic , SK Innovation , and Samsung SDI .
LG Chem Michigan is a wholly owned subsidiary of LG Chem based in Holland, Michigan [9] which operates a plant to manufacture advanced battery cells for electric vehicles. The US$ 303 million Holland plant received 50% of its funding from U.S. Department of Energy matching stimulus funds , [ 10 ] and started manufacturing battery systems in ...
According to a news release, the transaction does not change GM’s ownership interest in the Ultium Cells LLC project, in which GM and LG have invested a total of $7 billion U.S. taxpayer dollars ...
LS Group is a South Korean chaebol (conglomerate) mostly in electrics, electricity, materials and energy sectors. [2] It is composed of LS Corp. (see below), E1 (LPG), and YESCO (LNG).
SEOUL (Reuters) -LG Energy Solution (LGES) is likely to raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea's biggest initial public offering as the battery maker seeks ...