Tag:
EV battery
Electric Vehicle
How LG Energy plans to mitigate Donald Trump’s tariffs
LG Energy Solution plans to mitigate the impact of Donald Trump's tariffs by streamlining operations and reducing costs across its business.
The company intends to...
Electric Vehicle
What’s the size of EV battery materials market?
The market for EV battery cell and pack materials is growing fast. It is expected to increase from $21.1 billion in 2024 to $48.7...
Electric Vehicle
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...
Electric Vehicle
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...
Electric Vehicle
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...
Electric Vehicle
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,...
Electric Vehicle
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...
Electric Vehicle
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...