LGCLF News and Press, Lg Chemical Ltd Ord From 07/29/21

Hyundai Motor Co. announces that it will begin a $1.1 billion joint venture in Indonesia with South Korean battery maker LG Energy Solution, a spin-off of LG Chemical. The plant is expected to produce 10-gigawatt-hours of battery cells yearly when it is completed in 2023. A typical nuclear re...

Stem provides battery solutions for front of the meter and behind the meter applications. Its software is the most interesting with 80% margins and spread out revenue. The recent correction provides an interesting entry point for the company with a secular growth patch. For ...

FREYR plans to develop ~43 GWh of clean battery cell manufacturing capacity mostly in Norway by end 2025 & ~83 GWh by end 2028, with a possible JV in the USA. FREYR has award-winning 24M Technologies, Inc. as their technology partner and has MOUs with shipping giant Maersk, Scatec...

LG Chem (LGCLF) pledges to spend 10T won ($8.7B) through 2025 on sustainable businesses including its battery materials operations, joining other major South Korean companies in a shift toward greener practices.The company says it will invest 6T won to expand production lines of its battery m...

China and Europe continue to dominate electric car sales. The electric pickup truck is coming to the USA in 2022. The Wuling MINI super cheap electric car is now the global bestseller. Chinese EVs are going global. Electric motorbikes and e-mobility taking off. Bigger and cheaper ...

LG Chemical (LGCLF) and its subsidiary LG Energy Solution plans to invest KRW15.1T (about $13.17B) for battery development in South Korea by 2030, The Economic Times reported.LG Energy Solution aims to invest KRW12.4T to expand its South Korean manufacturing capacity and develop next gen...

The “mega-drought” out West is expected to cause electricity prices to rise due to hydroelectric power plant output falling, being rationed, or possibly shut down. Higher food and electric prices may be “transitory,” as the Fed has asserted, but this ȁ...

Globally, EVs accounted for less than 5% of total car sales in 2020, but the segment grew 45% to even amid the pandemic. Beyond commitments from OEMs to expand their EV lineups, supportive government policies around the world are further driving EV adoption. While OEMs and governm...

Arclight Clean Transition Acquisition Company will soon hold a vote on its business combination with Proterra. Proterra is in the business of supplying batteries to electric vehicle OEMs and others. The take rate through founder shares is quite modest but could unfortuantely still...

In the past year, Europe took over the top place from China as a growing electric vehicle market , with the outlook for 2021 also looking bright. But if there’s a clear fact is that the EV space will require batteries, and to meet that demand megafactory capacity plans ar...