Tag:

EV battery

LG Energy Solution cuts Capex as it expects poor EV demand

LG Energy Solution, which makes EV battery for Tesla, General Motors and Hyundai Motor, has revealed its financial performance for 2024 and guidance for...

EV and ESS battery suppliers to push for price increase: TrendForce

TrendForce’s investigations show that the prolonged price decline in Chinese EV and ESS batteries in 2024 eased in the fourth quarter. EV and ESS battery...

LG Energy signs EV battery deal with Aptera Motors

LG Energy Solution has partnered exclusively with Aptera Motors Corp., a pioneer in solar electric vehicles, to supply 2170 cylindrical batteries from 2025 to...

Stellantis and CATL to build €4.1 bn EV battery plant in Spain

Stellantis and Chinese battery giant CATL have announced a €4.1 billion ($4.33 billion) joint venture to establish electric vehicle (EV) battery factory in Zaragoza,...

Rivian signs EV battery deal with LG Energy

LG Energy Solution’s (LGES) subsidiary in Arizona has signed a battery supply agreement with U.S.-based electric vehicle (EV) manufacturer Rivian. Under the contract, LGES will...

LG Energy revenue drops 16% as EV battery sales dip in Q3

LG Energy Solution has reported revenue of KRW 6.8778 trillion in Q3 2024, up 11.6 percent from the previous quarter but down 16.4 percent...

Indonesia Battery and CATL form JV to build $1.18 bn battery plant

Indonesia Battery Corporation (IBC) and CBL International Development, a unit of Chinese battery giant Contemporary Amperex Technology (CATL), have formed a joint venture (JV)...

Li-ion battery market to exceed $400 bn amid falling costs and rising demand

The size of the lithium-ion battery market will become more than $400 billion by 2035, according to a recent report from IDTechEx. Alex Holland, Research...