LG Energy Solution

LGES reported revenues of KRW 4.34 trillion, a decrease of 2.2% compared to the previous quarter.

Stellantis N.V. and LG Energy Solution (LGES) today announced they have executed binding, definitive agreements to establish the first large scale, domestic, electric vehicle battery manufacturing facility in Canada. The joint venture company will produce leading edge lithium-ion battery cells and modules to meet a significant portion of Stellantis’ vehicle production requirements in North America.

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-centric operations.

LG Energy Solution (LGES; KRX: 373220) announced Tuesday that it has completed the acquisition of NEC Energy Solutions, a grid battery integrator based in the U.S. to expand its Energy Storage System (ESS) business offerings.

LG Energy Solution (LGES; KRX: 373220) today reported solid performance in the fourth quarter of 2021, with consolidated revenue of KRW 4.44 trillion, up 10.2 percent from the previous quarter. The quarterly revenue growth was mainly driven by robust demand of pouch and cylindrical battery cells for electrical vehicles and small-sized pouch batteries for IT devices. The company posted consolidated operating profit of KRW 76 billion, since turning to profit in the fourth quarter.

Ultium Cells, a joint venture of LG Energy Solution and General Motors, today announced a $2.6 billion investment to build its third battery cell manufacturing plant in the United States. The facility will be located in Lansing, Michigan.

Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced that it has entered into a manufacturing scrap supply and nickel sulphate off-take agreement letter of intent with LG Chem, Ltd. (“LGC”) and LG Energy Solution, Ltd. (“LGES”). Upon execution of the definitive commercial agreement related to the proposed supply and off-take arrangements, LGC a

LG Energy Solution (LGES), a leading global battery maker announced Tuesday that it has signed a Memorandum of Understanding (MoU) with a German-based technology company Siemens Aktiengesellschaft (Siemens AG) for joint collaboration in the field of battery manufacturing, particularly the digitization of production process.

LG Energy Solution, the world’s leading battery manufacturer, said Thursday that it has joined the Responsible Business Alliance (RBA) to boost its ESG involvement, becoming the first Korean battery maker to have joined the pack.

Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and LG Energy Solution today announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America.