LG Chem

South Korean firm LG Chem has embarked on the creation of an advanced cathode facility in Tennessee, which is expected to be the largest in the U.S. What Happened: Recently, the groundbreaking ceremony for LG Chem‘s new cathode plant took place in Tennessee, as reported by Teslarati. The...

South Korean battery supplier LG Chem Ltd, battery supplier to Tesla Inc (NASDAQ: TSLA) and General Motor Co (NYSE: GM) saw its shares trade 11.3% lower on Monday in Seoul. What Happened: The plunge comes after the Detroit-based GM said it is recalling more than 73,000 of...

One of the most anticipated contracts of 2021 could be the manufacturers of Apple’s planned electric vehicles. A Magna International (NYSE: MGA) and LG joint venture could come out the winner, according to a report from The Korea Times.  What Happened: A joint venture between Magna...

South Korean battery maker LG Chem and rival SK Innovation Co reportedly have settled their trade secret fight.  What Happened: On Saturday, Korean battery makers LG Chem Ltd. and rival SK Innovation Co. reached a last-minute deal to avert a 10-year U.S. import ban on SK Innovation...

Tesla Inc's (NASDAQ: TSLA) battery supplier LG Chem reported Wednesday a record quarterly profit and also swung to a profit on an operating basis. What Happened: South Korea's LG Chem said its fourth-quarter revenues rose 19.9% to 8.8858 trillion won ($803.356 million), representing a...

Tesla Inc (NASDAQ: TSLA) supplier LG Energy Solution, which spun-off from LG Chem earlier this month, has signed a $9.8 billion electric vehicle battery investment agreement with Indonesia, Reuters reported Wednesday (Jakarta time). What Happened: The memorandum of understanding (MOU) was...

South Korean electronics company LG Electronics Ltd has entered into a joint venture agreement with Canadian technology company Magna International Inc (NYSE: MGA), the two companies announced Monday. What Happened: The joint venture will manufacture automobile components like e-...

Former Tesla Inc (NASDAQ: TSLA) employees Peter Carlsson and Paolo Cerruti are taking Tesla and its ambitious battery production goals head on.  Northvolt's New Funding: Northvolt, founded by Carlsson and Cerruti, announced a new $600-million funding round Wednesday. This brings the...

Tesla Inc (NASDAQ: TSLA) battery supplier shares slumped in morning trade on Asian markets Wednesday after the automaker’s CEO Elon Musk revealed a plan to halve the cost of batteries and make them at its own factories. What Happened: Korea’s LG Chem Ltd (OTC: LGCLF) fell 4.5...

Tesla Inc (NASDAQ: TSLA) would offer a "giant contract" to any company that can efficiently mine nickel in an environmentally sustainable way, the automaker's Chief Executive Officer Elon Musk said during an earnings call Wednesday. What Happened The automaker is encouraging nickel...

A rumor is developing that technology filtration company, Polypore International Inc. (NYSE: PPO) has lost business because Asian competitors are severely undercutting PPO’s price. Polypore provides lithium ion (Li-Ion) battery separators to LG Chem for use in General Motors’ (NYSE: GM) Chevy...