LGCLF News and Press, Lg Chemical Ltd Ord From 03/10/21

Hyundai launches the BEV IONIQ 5 on its E-GMP platform, with IONIQ 6 and IONIQ 7 coming. Hyundai has success with BEV exports to Europe. Meanwhile Toyota keeps promoting fuel cells with a package available for a variety of products for third-party developers. Hyundai at the fr...

LG Chem (LGCLF) has agreed to be responsible for a majority of the cost of a recall of electric vehicles tied to the risk of battery fires.The 1T won ($890M) recall covers 81,700 Hyundai Motors (HYMLF) vehicles sold in South Korea, the U.S. and Europe.The recall is especially costly due ...

To expand its investment in electric vehicles, General Motors (GM) and a joint venture partner LG Chemical (LGCLF) to build a second battery factory in the U.S.GM and LG are close to completing a decision to locate the plant in Tennessee.The two companies are already in the process of buildin...

The electric vehicle sector is seeing one of the biggest safety test of its history with Hyundai (HYMLF) replacing battery systems in about 82K EVs globally due to the risk of fires from LG Chem (LGCLF) batteries.The recall is estimated to cost the South Korean automaker about $900M."It'...

AIA has exposure to only four Asian markets: China, South Korea, Taiwan, and Singapore. Its investment in Singapore is minuscule since four SGX-quoted stocks account for 3.4% of the portfolio. Chinese equities dominate the portfolio with a 37.2% weight, followed by the South Korean st...

Electric vehicle manufacturers are wooing Indonesia to create a nickel-based battery supply chain in that country. A senior Indonesian government official told news agency Reuters the government had recently received Tesla's investment proposal. Indonesia is also talking to CATL a...

The following slide deck was published by LG Chemical Co., Ltd. in conjunction with their 2020 Q4 earnings call. For further details see: LG Chemical Co., Ltd. 2020 Q4 - Results - Earnings Call Presentation

LG Chemical (LGCLF): Q4 operating profit of KRW673.6B.Revenue of KRW8.86T (+19.9% Y/Y)Press Release For further details see: LG Chemical reports Q4 results

The U.K. automotive market is having its worst year since 1992. New car sales reached just 1.63 million, a 30% fall from the year before. Over the last year, COVID-19 restrictions have closed showrooms. A new trade deal with the EU allows tariff-free access to the U.K.'s largest a...

For every solar panel installed to generate electricity, it is imperative to plan energy storage in batteries. For batteries which are used in EVs (Electric Vehicles) or in renewal energy power stations, Lithium is much more advantageous than the traditional lead-acid batteries. I...