Saturday, 22 February 2025

Focus on LG Energy Solution

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%.

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
AutomotiveElectric Vehicles (EVs)IndustryManufacturingNewsTransport

LG Energy Solution in talks with Chinese firms to make low-cost EV batteries for Europe

South Korea's LGES is in talks with Chinese suppliers to produce low-cost EV batteries for Europe, a senior executive said

FILE PHOTO: A Renault 5 E-TECH Electric Prototype car is displayed during Renault Group capital market day for its new electric vehicle unit Ampere, in Paris, France, November 15, 2023. REUTERS/Gonzalo Fuentes/File Photo
AutomotiveElectric Vehicles (EVs)NewsTransport

Renault’s EV unit Ampere teams up with LGES, CATL on battery technology

Renault EV unit Ampere said on Monday it would include lithium iron phosphate (LFP) technology in its plans to mass produce EVs

FILE PHOTO: Shawn Fain, President of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside the GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. REUTERS/Evelyn Hockstein/File Photo
AutomotiveBusinessElectric Vehicles (EVs)LabourNews

UAW reaches tentative agreement with Ultium Cells at Ohio EV battery plant

The United Auto Workers union said on Monday it reached a tentative contract agreement with Ultium Cells in Lordstown, Ohio, where workers build...

FILE PHOTO: The 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
AutomotiveBusinessElectric Vehicles (EVs)LabourNews

General Motors beats quarterly results targets – as gas funds EV work

The automotive giant has raised its annual forecast, saying stable pricing and gas-powered vehicles will help ease investors' concerns over continued EV development.

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