SEOUL, July 29 (Korea Bizwire) — South Korean automaker Hyundai Motor Group and battery maker LG Energy Solution Ltd. said Thursday they will form a US$1.1 billion joint venture to build an electric vehicle battery plant in Indonesia. Hyundai Motor Group and LG Energy signed a memorandum of understanding with the Indonesian government to build [...]
SEOUL, May 25 (Korea Bizwire) — A consortium led by the South Korean conglomerate LG will build a battery factory in Indonesia to supply parts for Korean automaker Hyundai Motor Co.’s electric vehicles, according to industry sources Tuesday. The LG consortium consists of three LG subsidiaries, including LG Chem Ltd., battery arm LG Energy Solution [...]
SEOUL, April 17 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Saturday its joint venture with American automaker General Motors Corp. will build a $2.3 billion electric vehicle (EV) battery factory in Tennessee. Ultium Cells, the joint venture between LG and GM, will build a second U.S. factory with an annual [...]
SEOUL, April 16 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Friday it will spend 1.06 trillion won (US$950 million) to build a battery factory in the United States with American automaker General Motors Corp. In a regulatory filing, LG Energy, wholly owned by LG Chem Ltd., said that it and [...]