Saturday, 18 January 2025

Focus on LG Energy Solution

FILE PHOTO: An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021. REUTERS/Kim Hong-Ji/FIle Photo
BusinessCritical MineralsElectric Vehicles (EVs)IndustryManufacturingNews

LG Energy Solution to supply EV batteries to Mercedes-Benz affiliate in North America

LGES signed a deal to supply EV batteries to a Mercedes affiliate, boosting shares 5.7 per cent despite forecasting lower profits.

FILE PHOTO: United Auto Workers (UAW) President Shawn Fain speaks during a campaign event for U.S. Vice President and Democratic presidential candidate Kamala Harris and Democratic vice presidential candidate, Minnesota Governor Tim Walz, at the United Auto Workers (UAW) Local 900 in Wayne, Michigan, U.S., August 8, 2024. REUTERS/Elizabeth Frantz/File Photo
AutomotiveBusinessElectric Vehicles (EVs)LabourNews

GM battery joint venture agrees to recognize UAW at Tennessee plant

United Auto Workers recognized at Ultium Cells facility that employs 1,000 workers.

FILE PHOTO: A brine pool reflects clouds at a lithium mine in the Atacama salt flat, close to San Pedro de Atacama area, Antofagasta region, Chile May 4, 2023. REUTERS/Ivan Alvarado/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)MiningNews

Rio Tinto, BYD and LG Energy eligible for Chilean lithium project

Major mining companies can proceed with proposals for Altoandinos lithium project, says state-run company.

FILE PHOTO: A Ford Electric E-Transit is displayed on a Ford dealership forecourt, Stoke-on-Trent, Britain, September 20, 2023. REUTERS/Carl Recine/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Ford slows EV plans, delaying pickup and axing three-row SUV, to cut costs

Ford EV pickup added to the carmaker's future lineup as plans readjusted, with three-row electric SUV to be scrapped.

A Mercedes electric car charging station at a parking lot in Seoul. Mercedes-Benz Korea has released the names of its electric vehicle battery suppliers, bowing to public outrage after one of its cars burst into flame in a parking lot earlier this month. (AFP)
Electric Vehicles (EVs)IndustryManufacturingNewsTransport

Mercedes-Benz Korea discloses EV battery makers after fire

The August 1 fire damaged hundreds of vehicles and created a national panic amid growing calls for transparency on battery supply chains.

FILE PHOTO: Vehicles that were completely burned down due to a Mercedes Benz electric car fire that broke out on August 1st, are lying in the underground parking lot of an apartment complex in Incheon, South Korea, August 2, 2024. Yonhap/via REUTERS/ File Photo
AutomotiveCritical MineralsElectric Vehicles (EVs)MineralsNewsTransport

South Korea holds emergency meeting as EV fires stir consumer fear

South Korean officials met Monday to discuss EV safety amid growing consumer concern after an EV fire in and underground garage

FILE PHOTO: A Hyundai Ioniq 5 electric vehicle is charged at Chaevi Stay Charging Station in Seoul, South Korea, October 18, 2023.   REUTERS/Kim Hong-Ji/File Photo
Electric Vehicles (EVs)NewsTransport

South Korea to hold emergency meeting after EV fires raise concerns

Manufacturers may have to disclose brands whose products involved in EV battery fires as Korean officials discuss how to prevent incidents.

The Panasonic booth is shown during the 2020 CES in Las Vegas, Nevada, U.S. January 7, 2020. REUTERS/Steve Marcus/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Panasonic’s battery unit Q1 operating profit sinks as sales drops

Panasonic Holdings said Wednesday its Q1 operating profit fell 7%, weighed by lower sales at its battery-making energy unit

FILE PHOTO: The Rio Tinto logo is displayed above the global mining group's booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo
BusinessCritical MineralsMineralsMiningNewsRegulationsTrade

Chile sees interest from Rio Tinto, LG, BYD and others for Altoandinos lithium site

Twelve companies, including Rio Tinto, BYD, and LG Energy, submitted proposals to develop a lithium project in Chile's Altoandinos salt flats, ENAMI announced.

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
BusinessElectric Vehicles (EVs)FinanceNews

LGES cuts sales target on weak EV demand, flags US election risk

Shares in the company, which supplies Tesla, GM, Hyundai Motor and other automakers, fell as much as 2.6%.

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