LG Energy Solution clinches multibillion-dollar ESS deals in Japan, Europe

LG Energy Solution Ltd. has secured a string of billion-dollar energy storage system (ESS) deals in Japan and Europe, outmaneuvering Chinese rivals ...

LG Energy Solution tops EV battery quality in China

South Korea's LG Energy Solution Ltd. was selected as the top company for battery quality in China, surpassing Chinese battery manufacturers CATL an...

High-performance 4680 battery war is on; LG Energy takes lead over rivals

With stagnating electric vehicle sales or an EV chasm set to be prolonged, battery makers are increasingly turning their sights toward next-generati...

LG Energy signs multi-billion-dollar LFP battery deal with Renault

LG Energy Solution Ltd., the world’s second-largest battery maker, has clinched a multi-billion-dollar deal to supply LFP batteries for low-en...

Hyundai Motor ties up with CATL to reinvigorate China market with EVs

BEIJING -- Hyundai Motor Co., South Korea’s top carmaker, has joined hands with Contemporary Amperex Technology Co. (CATL), the leading global...

SK On to develop large-size cylindrical battery with 4680 form factor

SK On Co., an affiliate of South Korea’s SK Group, will work on the development of a large-size cylindrical battery with the 4680 form factor ...

Sodium-ion batteries emerge as alternative to lithium, LFP batteries

Sodium-ion batteries (SIBs) are emerging as an alternative to lithium-ion batteries, currently dominating the rechargeable battery market for electr...

LG Energy may produce mid-nickel EV batteries from 2024

South Korea’s LG Energy Solution Ltd. plans to mass-produce mid-nickel, high-voltage lithium batteries as early as next year, one year ahead o...

LG Energy barely fends off CATL in global EV battery market

LG Energy Solution Ltd. retained the top position in the global electric vehicle battery market excluding China in the first eight months of this ye...

Korean firms fret over growing adoption of Chinese LFP batteries

South Korea’s three major battery makers – LG Energy Solution Ltd., SK On Co. and Samsung SDI CO. – are increasingly anxious about...

BYD, KG Mobility in talks to build EV battery plant in Korea

BYD, the world’s No. 3 electric vehicle battery producer, and KG Mobility Corp., formerly Ssangyong Motor Co., are in talks to build a joint c...

LG Energy Solution tops global EV battery market excluding China in H1

South Korea's LG Energy Solution Ltd. in the first half of this year retained its No. 1 ranking on the global market for electric vehicle (EV) batte...

LG Energy Solution drops to third on global market for EV battery in Q1

South Korea's LG Energy Solution Ltd. in the first quarter fell to third in the global share of electric vehicle (EV) batteries in use spanning all ...

Korean battery players LG, Samsung, SK sweep US EV tax credits

It has long been talked about and finally confirmed: South Korean battery companies are well-placed to benefit from the strengthened requirements of...

LG Energy tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. in January and February maintained its No. 1 position on the global market for electric vehicle (EV) batteries...

Will CATL’s bargain sales hurt Korean EV battery makers?

China’s Contemporary Amperex Technology Co. (CATL), the leading global electric vehicle battery manufacturer, has started a price war in the w...

Samsung SDI beats CATL in EV battery operating margin

Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...

LG Energy completes LFP battery development for Tesla

South Korea’s LG Energy Solution Ltd., the world’s No. 2 battery producer, boosted its muscle to court industry leader China’s Con...

LG Energy considers billion-dollar battery plant in Arizona

South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...

LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. is spending $1.7 billion to expand its battery production ca...

LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO

LG Energy Solution Ltd. has vowed to outrival the world’s top battery player CATL as the South Korean company is preparing for the country&rsq...

Korea battery makers suffer under growing China dominance

South Korean battery manufacturers are suffering from the growing dominance of their Chinese competitors in the world’s electric vehicle marke...

Korean core companies’ stocks underperform global peers

The world sought new opportunities in 2021, recovering from the shock of the COVID-19 pandemic. Global major companies have been in cutthroat compet...

Korea unveils $35 billion battery investment plan to catch up to China

South Korea’s major battery makers have pledged to invest 40.6 trillion won ($35.4 billion) in the electric vehicle battery industry over the ...

LG Chem, China’s CATL neck and neck in race for top battery player’s spot

Global competition for the world’s top spot for the manufacture of electric-vehicle batteries is getting fiercer as major players in South Kor...

LG Chem beats CATL, Panasonic to supply batteries for Tesla’s Model Y SUV

South Korea’s LG Chem Ltd. will supply batteries to US electric vehicle giant Tesla Inc. for its latest mid-size SUV Model Y, to be manufact...

LG Chem to hold market lead with tenfold battery patents vs CATL: executive

South Korea’s LG Chem Ltd., which has heavily invested in research and development projects, says it will retain its market lead over close riva...

China’s CATL poised to overtake LG Chem as top EV battery maker

Global competition for the world’s top spot for the manufacture of rechargeable batteries is getting fiercer as China is stepping up efforts to ...