11 articles
LG Energy Solution agreed to buy 8,000 tons of battery-grade lithium carbonate annually from Smackover Lithium starting in 2029. The agreement aims to secure domestic supply chains for EV and AI data
LG Energy Solution is pivoting its North American strategy toward energy storage batteries driven by AI data center demand, converting five of eight plants by year-end while developing LFP chemistry c
Initiated by LG Energy Solution, the US ITC launched a 337 investigation against EVE Energy and partners regarding cylindrical battery components, marking a significant trade barrier move in the energ
LG Energy Solution is shifting its North American production focus from EV batteries to energy storage systems driven by AI data center demand. The manufacturer is adopting lithium iron phosphate chem
LG Energy Solution is negotiating with US partners to supply drone batteries amid slowing EV demand, marking a strategic shift into defense. It is also repurposing US plants for energy storage systems
GM and LG Energy Solution will resume battery cell production at their Ohio joint venture next week following a seven-month shutdown due to weak EV demand. Additionally, Samsung SDI acquired GM's stak
LG Energy Solution projects a 77% drop in Q2 operating profit amid weak EV demand, despite rising revenue. To offset losses, the firm is expanding energy storage systems linked to AI data center growt
LG Energy Solution missed Q2 profit estimates due to weak US EV demand, though energy storage sales rose. The company is converting EV lines to boost ESS output for clients like Tesla and DTE Energy.
GM and LG Energy Solution delay worker return at Ohio Ultium Cells plant to August due to weak EV demand. The move follows previous layoffs as automakers reduce output after tax credit changes.
GM and LG Energy Solution are recalling a small workforce to their Ohio battery facility after halting production due to weak EV demand. Full operations remain uncertain pending market conditions foll
LG Energy Solution aims to raise energy storage revenue to 30% amidst an EV slowdown, securing 50 GWh US capacity while managing raw material costs and accelerating development of sodium-ion and solid
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