LG Energy Solution

LG Energy Solution’s quarterly profit tripled

by News Hour Correspondent - Jan 27, 2023

Battery maker LG Energy Solution said on Friday its quarterly profit tripled as it ramped up production to address a huge order backlog from automakers rushing to take a bigger bite out of the growing electric...
LG Energy Solution plans to invest 4 trillion won in a facility making batteries for electric vehicles

by News Hour Correspondent - Dec 20, 2022

South Korean battery maker LG Energy Solution said on Monday it plans to invest 4 trillion won ($3.1 billion) from this year to 2026 in a facility making batteries for electric vehicles and other goods. The...
General Motors Co and LG Energy Solution to invest $275 million in their Tennessee JV battery cell plant

by News Hour Correspondent - Dec 5, 2022

General Motors Co and LG Energy Solution Ltd said Friday they are investing another $275 million in their Tennessee joint venture battery cell plant to increase production by more than 40%. The new investment in the...
General Motors and LG Energy Solution’s joint venture battery production plant in Ohio begin production

by News Hour Correspondent - Sep 1, 2022

A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production. The 2.8-million square foot Ultium Cells LLC plant is the first of at least four plants planned...