LG Energy Solution, the U.S. unit of LG Chem, plans to invest $4.5 billion to expand its U.S. electric vehicle battery manufacturing footprint with an additional 70 GWh of capacity from 2025 onward.

South Korea’s LG Chem has earmarked ₩6 trillion ($5.2 billion) over the next four years to build out its battery materials business. The investment comes ...

GM and LG Chem will invest $2.3 billion and build a new plant near Lordstown, ... Shin told reporters that LG Chem’s battery business is expected to grow to $25 billion by 2024.

LG Chem cell manufacturing line in Holland, Mich. (photo credit: LG Chem Power Inc.) South Korea’s LG Chem may well be on the verge of becoming the dominant global supplier of lithium ion cells ...

Honda and LG Chem are building a $4.4 billion battery factory in Ohio, the latest effort to shore up the US’s EV supply chain in the face of new tax credit rules.

On Thursday, General Motors and LG Chem announced that they will split ownership of a battery-production joint venture. Demand for batteries is set to rise dramatically over the next decade as ...

- Will expand sales portion in battery materials, sustainability business and innovative new drugs - Aims to accelerate in reaching net zero by 2050 by proactively building an integrated low ...

South Korean-battery supplier LG Chem announced it has established a long-term cathode material supply contract with General Motors Co. that's worth $19 billion (KRW 25 trillion).

LG Chem, who recently started supplying Tesla with cylindrical battery cells, announced that it is preparing to triple cylindrical cell production. The company even hinted that it would make its ...

Revenue at LG Chem's battery business will reach a record of about 13 trillion won ($11 billion) this year, before hitting 30 trillion won in 2025, CEO Hak Cheol Shin said in an interview at his ...

In addition to Tesla's forthcoming Model 3, LG Chem says it is preparing a pack for an electric car that is more than double that of most vehicles on the road today, but at a similar price.

South Korea's LG Chem said it has come up with a new battery cover material that can withstand a flame burning at 2,732 degrees Fahrenheit for more than 20 minutes.