Lg Chem

LG Energy Solution, the South Korean battery maker that was split off from LG Chem in 2018, is said to be the battery supplier for Mahindra’s first electric sport utility vehicle (SUV). Mahindra’s upcoming XUV400 SUVs will be powered by the company's batteries, and the cars are expected to be delivered within the fourth quarter and January. Mah...

LG Energy Solutions is controlled by LG Chem, a wholly-owned subsidiary of the LG electronics conglomerate

LGES and GM are expected to fund the project equally via Ultium Cells, their U.S.-based battery joint venture.

The pricing values LGES at 70.2 trillion won, making it South Korea's third most-valuable company after Samsung Electronics Co Ltd and SK Hynix Inc.

South Korean battery maker LG Energy Solution (LGES) raised $10.8 billion (roughly Rs. 80,045 crore) in its initial public offering (IPO), attracting record demand for a deal in South Korea, the company said on Friday.

LGES believed because its clientele was not as China dense, it had better growth opportunities versus CATL

In October, the wholly owned subsidiary of LG Chem Ltd resumed work on its IPO, which was suspended in August due to a lack of clarity regarding the recall costs involving GM's Bolt electric vehicles.

LG Chem said in July during its second-quarter earnings call that the fires could be related to two defects which occurred during the battery module manufacturing process.

Hyundai and GM have linked their EV battery fires to LG plants in Asia, as per documents filed with the US safety regulator.

LG Energy Solution was planning an IPO between September and October but that will almost certainly be delayed.

SVOLT has already announced its intention to make cobalt-free Nix lithium-ion battery cells with an energy density of 240-245 wh/kg.

LG Chem Ltd and its wholly-owned battery subsidiary LG Energy Solution (LGES) plan to invest a combined 15.1 trillion won ($13.17 billion) in South Korea this decade, LGES said on Thursday.

The move, announced by SK Innovation CEO Kim Jun on Thursday, comes as demand for electric vehicles (EVs) surges and carmakers partner with battery makers to ensure uninterrupted supplies.

Shares of South Korea's SK Innovation and LG Chem jumped after the battery makers agreed on a KRW 2-trillion (roughly $1.8 billion/ Rs. 13,330 crore) dispute settlement over EV battery technology, that analysts said freed them up to stay on top of battery developments from clients like Volkswagen.

The Biden administration through the U.S. Trade Representative's Office (USTR) faced a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision unless the companies had agreed a deal.

LG Energy Solution, the South Korean battery maker that was split off from LG Chem in 2018, is said to be the battery supplier for Mahindra’s first electric sport utility vehicle (SUV). Mahindra’s upcoming XUV400 SUVs will be powered by the company's batteries, and the cars are expected to be delivered within the fourth quarter and January. Mah...

LG Energy Solutions is controlled by LG Chem, a wholly-owned subsidiary of the LG electronics conglomerate

LGES and GM are expected to fund the project equally via Ultium Cells, their U.S.-based battery joint venture.

The pricing values LGES at 70.2 trillion won, making it South Korea's third most-valuable company after Samsung Electronics Co Ltd and SK Hynix Inc.

South Korean battery maker LG Energy Solution (LGES) raised $10.8 billion (roughly Rs. 80,045 crore) in its initial public offering (IPO), attracting record demand for a deal in South Korea, the company said on Friday.

LGES believed because its clientele was not as China dense, it had better growth opportunities versus CATL

In October, the wholly owned subsidiary of LG Chem Ltd resumed work on its IPO, which was suspended in August due to a lack of clarity regarding the recall costs involving GM's Bolt electric vehicles.

LG Chem said in July during its second-quarter earnings call that the fires could be related to two defects which occurred during the battery module manufacturing process.

Hyundai and GM have linked their EV battery fires to LG plants in Asia, as per documents filed with the US safety regulator.

LG Energy Solution was planning an IPO between September and October but that will almost certainly be delayed.

SVOLT has already announced its intention to make cobalt-free Nix lithium-ion battery cells with an energy density of 240-245 wh/kg.

LG Chem Ltd and its wholly-owned battery subsidiary LG Energy Solution (LGES) plan to invest a combined 15.1 trillion won ($13.17 billion) in South Korea this decade, LGES said on Thursday.

The move, announced by SK Innovation CEO Kim Jun on Thursday, comes as demand for electric vehicles (EVs) surges and carmakers partner with battery makers to ensure uninterrupted supplies.

Shares of South Korea's SK Innovation and LG Chem jumped after the battery makers agreed on a KRW 2-trillion (roughly $1.8 billion/ Rs. 13,330 crore) dispute settlement over EV battery technology, that analysts said freed them up to stay on top of battery developments from clients like Volkswagen.

The Biden administration through the U.S. Trade Representative's Office (USTR) faced a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision unless the companies had agreed a deal.