LGEnergy

Trump’s EV Skepticism Poses a Risk to $54 Billion in South Korean Investments

15 days ago

Former President Donald Trump’s return to political prominence is raising concerns among South Korean businesses that have heavily invested in the electric vehicle (EV) sector. With Trump’s vocal skepticism regarding electric vehicles and potential policy shifts if he wins the upcoming presidential election, South Korean firms face an uncertain future that could jeopardize an estimated $54 billion in investments.

General Motors Offloads Stake in Michigan's EV Battery Plant to LG Energy

21 days ago

In a strategic business move, General Motors (GM) has announced its decision to sell its equity interest in a Michigan-based electric vehicle (EV) battery plant to LG Energy Solution. This significant transaction comes as part of GM’s broader initiative to streamline its operations and realign its focus amid the evolving automotive landscape, where electric vehicles are rapidly gaining prominence.

LG Energy's Profits Take a Hit Amid Global EV Sales Decline

2 months ago

In a recent financial disclosure, LG Energy Solution, a prominent player in the battery manufacturing sector, has witnessed a significant drop in profits due to declining global electric vehicle (EV) sales. This downturn reflects broader challenges within the EV market, which has faced various hurdles in recent times.