LGES Launches Independent In-house Companies to Speed Up Battery Swap, Energy Services

SEOUL, Oct. 5 (Korea Bizwire) — LG Energy Solution Ltd. said Wednesday it has set up two independent in-house companies to accelerate battery swap and energy management services. It has launched KooRoo to take the lead in battery-as-a-service (BaaS), primarily focusing on the development of electric vehicle battery packs fit for replacement instead of charging, [...]