Sunday, 19 January 2025

Focus on LG Energy Solution

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.   REUTERS/Rebecca Cook/File photo
AutomotiveCritical MineralsElectric Vehicles (EVs)EmissionsManufacturingMiningNews

GM signs supply deal with Vianode for synthetic graphite for EV batteries

The deal will run from 2027 when Vianode launches production at a plant in North America, through to 2033.

News Release

Excelsior Energy Capital Finalizes Multiyear 7.5 GWh Agreement with LG Energy Solution Vertech to Supply BESS for US Business

EXCELSIOR, Minn.--(BUSINESS WIRE)--Excelsior Energy Capital Finalizes Multiyear 7.5 GWh Agreement with LG Energy Solution Vertech...Read the full news release here

Ford cars are displayed at the 39 Thailand International Motor Expo, in Bangkok, Thailand, November 30, 2022. REUTERS/Athit Perawongmetha/File Photo
BusinessEconomyElectric Vehicles (EVs)FinanceIndustryManufacturingNewsSemiconductor

US finalizes $9.63 billion loan for Ford, SK On joint battery venture

The U.S. Energy Department finalized a $9.63 billion loan for Ford and SK On to build three battery plants in Kentucky and Tennessee.

FILE PHOTO: A sign of battery manufacturer CATL is pictured at its booth the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
BusinessElectric Vehicles (EVs)IndustryManufacturingNewsStorageTransport

China’s CATL offers suppliers financial support to drive battery innovation

CATL has extended its leadership in EV batteries with a global market share of 36.8% in the first 10 months of the year.

FILE PHOTO: A view of a lithium mine in Yichun, Jiangxi province, China March 30, 2023. REUTERS/Staff/File Photo
AnalysisBusinessCritical MineralsEconomyElectric Vehicles (EVs)ElectricityIndustryMiningPoliticsSemiconductorStorageTrade

Analysis: Lithium supply surplus set to stay with battery makers’ help

Global lithium oversupply persists as Chinese-backed mines defy weak prices, sustaining EV battery production but hurting profits.

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo
BusinessElectric Vehicles (EVs)News

GM to sell its stake in Michigan battery plant to LG Energy Solution

GM to sell Lansing battery plant stake to LG, trims EV plans amid slow market growth and shifts in production strategy.

Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024.   REUTERS/Kim Hong-Ji/File Photo
BusinessElectric Vehicles (EVs)News

LG Energy Solution signs 5-year battery supply deal with Rivian

LG Energy Solution’s Arizona unit has signed a five-year, 67 GWh battery supply deal with Rivian, powering its R2 EVs.

FILE PHOTO: Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024.   REUTERS/Kim Hong-Ji/File Photo
BusinessEconomyElectric Vehicles (EVs)News

Battery maker LGES offers measured 2025 outlook after slow EV demand drags down Q3 profit

The company also expects the result of the U.S. election next week to have a significant impact on EV market direction, its CFO...

Indonesia aims to become one of the world's top three producers of EV batteries. Indonesia could be perfectly placed to become a battery-making giant because it has the world's largest nickel reserves. (AFP)
BusinessCritical MineralsElectric Vehicles (EVs)MiningNews

Indonesia bets on SE Asia’s first battery plant to become EV hub

Indonesia hosts the world's largest nickel reserves — now, the country is looking to capitalize on them and kick start its battery industry.

FILE PHOTO: LG Energy Solution's logo is pictured on a smartphone in front of their web site displayed in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsRegulationsTrade

LG Energy Solution signs two battery supply deals with Ford

South Korea's LG Energy Solution said on Tuesday that it has signed two contracts to supply electric vehicle batteries to the Ford Motor...

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