LGES

Plans to build one of Europe’s largest electric vehicle battery cell plants have fallen through. Ford’s partnership with LG Energy Solutions (LGES) and Koç Holding is scrapping plans to produce EV battery cells in the region, citing the “current pace of EV adoption.” Ford, LGES drop plans for EV battery plant in Turkey Ford, LGES, and Koç Holding signed a memorandum of understanding (MoU) in February to establish “one of Europe’s largest commercial EV battery cell” plants in Turkey. Annual…

Automaker Stellantis and South Korea's LG Energy Solution (LGES) are implementing “contingency plans” related to a more-than C$5 billion ($3.7 billion) battery plant investment in Canada because the federal government has not delivered on its promises, a Stellantis spokesperson said on Friday.“As of today, the Canadian Government has not delivered on what was agreed to, therefore Stellantis and LG Energy Solution will immediately begin implementing their contingency plans,” Stellantis said in a brief emailed statement,…

<!----> The LGES EV battery chain LG Energy Solution said it would build a second ‘mother plant’ at its main Ochang manufacturing complex near Cheongju, South Korea. It planned to spend KRW600bn (US$450m) on the new pilot plant, named Ochang Energy Plant 2, which would be dedicated to test…

<!----> LG Energy Solution (LGES) signed an agreement to procure lithium from a producer based in Morocco, as the South Korean electric vehicle (EV) battery manufacturer looks to diversify its sourcing of battery minerals to help its customers qualify for government incentives in various global markets.…

<!----> LG Energy Solution (LGES) is in talks to supply Toyota Motor with batteries to power future electric vehicle (EV) models, according to local reports citing a senior company official. LGES is South Korea’s largest EV battery manufacturer and aims to challenge China’s Contemporary Amperex…

<!----> LGES cylindrical batteries LG Energy Solution Ltd (LGES) confirmed it would proceed with its investment in a major battery manufacturing operation in Arizona. Last year the company said it was reconsidering the project due to escalating costs and launched a review of its global investment…

<!----> Officials from Honda, LG Energy Solution and state and community leaders participate in the official groundbreaking for the new joint venture EV battery facility in Fayette County, Ohio. Honda and LG Energy Solution (LGES) have held a ground breaking ceremony for their new joint…

Ford signed into a memorandum of understanding (MoU) to establish a new joint venture Tuesday with LG Energy Solution and Koç Holding. The JV plans to build one of Europe’s largest commercial EV battery cell facilities, with up to 45 GWh in potential annual production capacity. Last year, Ford announced it would become an all-electric brand in Europe by 2035, with nine EVs in its lineup by 2024. After successfully rolling out the Mustang Mach-E, Mach-E GT, and E-Transit, Ford says it will…

<!----> Freudenberg e-Power Systems and LG Energy Solution have signed a multi-year contract for the supply of lithium ion battery cell modules. With a total capacity of 19 GWh, Freudenberg is expanding its capacities to meet rising demand and ensure the best possible supply for its…

<!----> LG Energy Solution booked record annual consolidated revenue and operating profit in 2022. The company plans to increase 2023 revenue 25% to 30% from the previous year, through the expansion and stable operation of global manufacturing facilities, as well as increasing sales…