Date | Title | Description |
02.05.2025 | Navigating the Future: LG Energy Solution and Delta's Commitment to Sustainability | In a world where energy demands soar and climate change looms large, two companies are charting a course toward sustainability. LG Energy Solution and Delta are not just players in the energy sector; they are pioneers, navigating the turbul... |
30.04.2025 | LG Energy Solution Releases 2025 First-Quarter Financial Results | LG Energy Solution posts KRW 6.3 trillion in consolidated revenue and KRW 375 billion in operating profit in Q1 2025
Company returns to profitability through rigorous cost-cutting efforts
Company to focus on operational efficiency, cost red... |
29.04.2025 | LG Energy Solution Establishes Battery Recycling Joint Venture with Derichebourg | Companies to build pre-processing facility in northern France to extract 'black mass.'
Construction to begin in 2026; operations to commence in 2027
LG Energy Solution marks a critical first step toward a closed-loop system in Europe to str... |
25.03.2025 | LG Energy Solution Secures Grid-scale ESS Supply Agreement in Europe with Poland's PGE | LG Energy Solution to supply 981MWh of grid-scale ESS batteries from 2026 to 2027
The company to deliver first grid-scale ESS batteries manufactured at its Poland facility
SEOUL, South Korea, March 25, 2025 /PRNewswire/ -- LG Energy Solutio... |
25.01.2025 | LG Energy Solution: Navigating Challenges and Embracing Sustainability in 2025 | In the ever-evolving landscape of the battery industry, LG Energy Solution stands as a titan. The company recently unveiled its financial results for 2024, revealing a mixed bag of triumphs and trials. With consolidated revenue of KRW 25.6 ... |
24.01.2025 | LG Energy Solution Releases 2024 Financial Results | LG Energy Solution posts KRW 25.6 trillion in consolidated revenue and KRW 575.4 billion in operating profit in 2024
Company to focus on proactively responding to market volatilities in the short term and securing fundamental competitivenes... |
22.01.2025 | LG Energy Solution Ranked as the World's 12th Most Sustainable Company, Number One Among Battery Manufacturers | Corporate Knights acknowledges LG Energy Solution in the World's 100 Most Sustainable Corporations 2025 list, placing it in the top position among its industry peer group
Recognition in sustainable revenue and sustainable investment were th... |
10.01.2025 | LG Energy Solution to Exclusively Supply Cylindrical Batteries for Aptera's Solar Electric Vehicles | LG Energy Solution signs battery cell supply agreement with Aptera and CTNS
The company will supply 2170 cylindrical battery cells over seven years for the 'Aptera,' aimed to launch in the U.S. market in 2025
The company secures leadership ... |
27.12.2024 | LG Energy Solution Hosts 'Battery Innovation Contest (BIC) 2025' to Foster Breakthrough Battery Technologies | The company opens international research contest to strengthen technology leadership; open for entries until January 31, 2025
Selected researchers to receive annual research funding of up to USD 150,000 annually
BIC program revamped to enha... |
03.12.2024 | LG Energy Solution and GM to Jointly Develop Prismatic Battery Cell Technology | Under this definitive agreement, the companies will develop prismatic battery cell technology and affiliated chemistries for GM's future EVs
The agreement marks an extension of the two companies' successful 14-year battery technology partne... |
18.11.2024 | LG Energy Solution Signs MoU with Bear Robotics to Become Exclusive Supplier of Cylindrical Batteries | LG Energy Solution's cylindrical batteries to power Bear Robotics' service and logistics robots starting from next year
In addition to exclusive battery supply agreement, companies will collaborate on technology
Partnership with Bear Roboti... |
08.11.2024 | LG Energy Solution Powers Rivian's Future with Next-Gen Batteries | In a significant move for the electric vehicle (EV) landscape, LG Energy Solution has inked a five-year supply agreement with Rivian, a rising star in the automotive industry. This partnership promises to deliver 67 gigawatt-hours (GWh) of ... |
08.11.2024 | LG Energy Solution to Supply Next-Generation 4695 Cylindrical Batteries to Rivian | Supply agreement will last over five years and total 67GWh.
4695 cells, offering a long range and high safety, will be produced in the U.S.
Batteries will power Rivian's R2 model for the North American market.
SEOUL, South Korea, Nov. 8, 20... |
28.10.2024 | LG Energy Solution Releases 2024 Third-Quarter Results | LG Energy Solution posts KRW 6.8778 trillion in consolidated revenue and KRW 448.3 billion in operating profit
The company secures large-scale supply agreements leveraging new form factors and chemistries
The company to effectively address ... |
15.10.2024 | LG Energy Solution to Power Electric Versions of Ford's Commercial Vans in Europe | LG Energy Solution to supply battery modules from its Poland facility for Ford's commercial vans in the UK and EU markets
SEOUL, South Korea, Oct. 15, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced it signed supply ag... |
07.10.2024 | Empower Every Possibility: LG Energy Solution Unveils Corporate Vision, Announces Mid-to-Long-Term Business Strategies | Company to expand into 'circular energy business,' going beyond battery manufacturing
LG Energy Solution plans to stand at the center of the entire circular energy ecosystem, unlocking limitless business opportunities
The company aims to le... |
25.09.2024 | LG Energy Solution Launches New Brand 'B.around' for Battery Management Total Solution | Company to accelerate expansion into battery management total solution field with debut of dedicated brand, 'B.around'
Slogan for the brand, "Be Around Your Side," represents a reinforced commitment to staying close to customers, ... |
26.07.2024 | LG Energy Solution Faces Headwinds Amidst EV Market Slowdown**
** | ** In the fast-paced world of electric vehicles (EVs), LG Energy Solution (LGES) finds itself navigating turbulent waters. The South Korean battery giant recently announced its second-quarter results, revealing a significant dip in revenue ... |
24.07.2024 | LG Energy Solution Releases 2024 Second-Quarter Results | LG Energy Solution posts KRW 6.1619 trillion in consolidated revenue and KRW 195.3 billion in operating profit
Despite continued EV demand slowdown, the company makes meaningful progress in EV and ESS battery businesses, and enhances its fu... |
02.07.2024 | LG Energy Solution and Liontown Resources agree on long-term strategic partnership, securing lithium supply chain and future growth opportunities | SEOUL, South Korea, July 2, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) and Liontown Resources Limited (Liontown) today entered into a strategic partnership aimed at fortifying their long-term collaboration in the global lithium s... |
02.07.2024 | LG Energy Solution and Liontown Resources agree on long-term strategic partnership, securing lithium supply chain and future growth opportunities | SEOUL, South Korea, July 2, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) and Liontown Resources Limited (Liontown) today entered into a strategic partnership aimed at fortifying their long-term collaboration in the global lithium s... |
06.06.2024 | LG Energy Solution and Analog Devices, Inc. Join Forces for Battery Innovation | LG Energy Solution and Analog Devices, Inc. have teamed up to revolutionize battery management with cutting-edge technology. Through a Memorandum of Understanding, the companies are working on a joint effort to develop a technology that wil... |
05.06.2024 | LG Energy Solution Teams up with Analog Devices, Inc. to Gain Competitive Edge in Battery Management Total Solution | LG Energy Solution signs MoU with Analog Devices, Inc. (ADI), a global semiconductor leader with Innovative Intelligence at the Edge technologies in the field of battery management.
The companies are working towards co-development of a tech... |
04.06.2024 | LG Energy Solution Teams up with Analog Devices, Inc. to Gain Competitive Edge in Battery Management Total Solution | LG Energy Solution signs MoU with Analog Devices, Inc. (ADI), a global semiconductor leader with Innovative Intelligence at the Edge technologies in the field of battery management.
The companies are working towards co-development of a tech... |
04.06.2024 | LG Energy Solution to Host 'Battery Challenge 2024' to Foster Startups with Promising Next-Generation Technologies | LG Energy Solution seeks to partner with promising startups around the globe by proactively discovering and acknowledging them in their early stages of development
Along with the prize money of up to $30,000, selected companies will be cons... |
04.06.2024 | LG Energy Solution to Host 'Battery Challenge 2024' to Foster Startups with Promising Next-Generation Technologies | LG Energy Solution seeks to partner with promising startups around the globe by proactively discovering and acknowledging them in their early stages of development
Along with the prize money of up to $30,000, selected companies will be cons... |
25.04.2024 | LG Energy Solution Makes Progress Amid Market Uncertainties, Aims to Strengthen Fundamental Competitiveness This Year | LG Energy Solution records KRW 6.1287 trillion in consolidated revenue and KRW 157.3 billion in operating profit
Despite market uncertainties, the company bears fruits in expanding U.S. operation and developing new business areas
LG Energy ... |
24.04.2024 | LG Energy Solution to Take Firm Stance Against Patent Infringers | A surge in patent infringement by latecomers in the battery industry, and subsequent market distortion caused by unlicensed use of patented technology, calls for strong countermeasures to level the playing field
LG Energy Solution believes ... |
04.04.2024 | LG Energy Solution's $5.5 Billion Stand-Alone Battery Manufacturing Complex Project in Arizona Well Underway | LG Energy Solution invites Arizona state government and local community officials for a construction progress update on its second U.S. stand-alone facility
Completion and start of production expected in about two years, with full-scale hir... |
14.02.2024 | LG Energy Solution Strengthens Partnership with WesCEF, Secures Stable Lithium Supply Chain for the North American Market | LG Energy Solution signs a second offtake agreement with WesCEF, expands its supply chain for competitive lithium procurement
Lithium hydroxide and lithium concentrate from WesCEF's Mt. Holland lithium project to be assembled into IRA-compl... |
26.01.2024 | LG Energy Solution Posts Steady Annual Growth, Aims for Continued Advancement Through Qualitative Growth | LG Energy Solution marks KRW 33.7 trillion in consolidated revenue and KRW 2.2 trillion in operating profit in 2023
To maintain growth momentum, the company to pursue qualitative growth by securing technology leadership, cost competitivenes... |
25.01.2024 | LG Energy Solution to Invest in Promising U.S. Lithium Metal Battery Technology Startup, Solidifying Leadership in Next-Generation Battery Technology | LG Energy Solution announces equity investment in Sion Power, an Arizona-based startup that holds core patents for lithium metal battery technologies
The latest investment is part of company's dedication to open innovation, joining efforts ... |
25.10.2023 | LG Energy Solution Reports Solid 3Q Operating Profit, Aims to Enhance Product Competitiveness Across All Segments | Revenue increases 7.5 percent, operating profit up 40.1 percent year on year, primarily due to stable increase of production volume at GM JV (Ultium Cells) plant in Ohio, as well as product mix improvement
The company to focus on reinforcin... |
16.08.2023 | Tracking the EV battery factory construction boom across North America | The onshoring of battery manufacturing for EVs started as a trickle during the COVID-19 pandemic. Now it’s a tsunami.
In 2019, just two battery factories were operating in the United States with another two under construction. Today there a... |
31.07.2023 | LG Energy Solution Crosses Halfway Mark in Its Journey to Reach Carbon Neutrality | LGES' ESG Report 2022 published today, announcing a string of sustainable business management progress made in the previous year
61 percent of the electricity used in the company's global production sites was generated from renewable source... |
27.07.2023 | LG Energy Solution Records Steady Gains in 2Q, Increases Revenue Guidance for 2023 | LGES posts quarterly revenue of KRW 8.774 trillion, operating profit of KRW 461 billion in the second quarter of 2023
The company records strong first half-year performance by strengthening competitiveness amid growing EV demands in the U.S... |
22.06.2023 | Ampcera Selected as a Finalist in “LGES Battery Challenge 2022” for Advancing Solid-State Battery Materials | Scaling the core solid electrolyte materials to accelerate the commercialization of solid-state batteries.
We look forward to future collaborative and investment opportunities with LGES to accelerate the commercialization of our solid elect... |
26.05.2023 | LG Energy Solution and Hyundai Motor Group to Establish Battery Cell Manufacturing Joint Venture in the U.S. | The new battery cell JV will be located in Bryan County, Savannah, Georgia where Hyundai Motor Group Metaplant America is currently being built
Total investment amount of over USD 4.3 billion; LGES and HMG to take a 50 percent stake respect... |
26.04.2023 | LG Energy Solution Records Fifth Consecutive Quarterly Revenue Growth | LGES posts the quarterly revenue of KRW 8.7 trillion and operating profit of KRW 633 billion in the first quarter of 2023
LGES batteries, manufactured and sold this year, fulfill the IRA requirement for battery components and critical miner... |
24.03.2023 | LG Energy Solution to Invest KRW 7.2 Trillion to Build Battery Manufacturing Complex in Arizona, Step Up EV and ESS Battery Production in North America | The largest single investment ever for stand-alone battery manufacturing facility in North America
The new manufacturing complex to produce cylindrical batteries for EVs (27GWh) and LFP pouch-type batteries for ESS (16GWh), with total annua... |
22.02.2023 | LG Energy Solution, Ford, and Koç Holding to establish a JOINT VENTURE to produce battery cells as Ford prepares to bring more EVs to customers in Europe | LGES, Ford, and Koç Holding sign non-binding MOU to build one of the largest commercial electric vehicle battery cell production facilities in the wider European region
Project on track to break ground near Ankara, Turkey, later this year, ... |
15.02.2023 | LG Energy Solution Declares Support for TCFD*, Vows Transparent ESG Management | *TCFD: Task Force on Climate-related Financial Disclosures
The company announces open support for accurate and timely disclosure of climate-related financial information
LGES to strengthen its ESG activities by closely managing the factors ... |
27.01.2023 | LG Energy Solution Posts 2022 Earnings with Record-High Annual Revenue and Operating Profit | LGES marks KRW 25.6 trillion in consolidated revenue and KRW 1.2 trillion in operating profit in 2022
2023 goal set at 25-30 percent increase in annual revenue, with over 50 percent increase in capital expenditure
The company to concentrate... |
26.10.2022 | LG Energy Solution Releases 3Q Earnings with Record Quarterly Revenue, Aims to Uphold Strategic Focus in North America | LG Energy Solution posts the quarterly revenue of KRW 7.648 trillion and operating profit of KRW 522 billion in 3Q, 2022
Strong quarterly performance made possible by enhanced profitability across all product line-ups and favorable exchange... |
20.10.2022 | LG Energy Solution Partners with Syrah To Expand Critical Mineral Portfolio in North America | LGES diversifies its supply chain of natural graphite, one of key battery materials with the least diverse supply chain
The company continues to boost competitiveness and stability of its critical mineral supply chain in North America throu... |