SEOUL, Dec. 3 (Korea Bizwire) — LG Energy Solution Ltd.’s joint venture with U.S. General Motors Co. will invest an additional US$275 million for their electric vehicle battery plant under construction in the U.S. state of Tennessee. The additional investment by Ultium Cells LLC will help expand the facility’s output by more than 40 percent, [...]
SEOUL, Sept. 28 (Korea Bizwire) — Youlchon Chemical Co., a South Korean producer of plastic films, said Wednesday it has signed an agreement to supply a key battery component used in electric vehicles to the joint venture company run by LG Energy Solution Ltd. and U.S. General Motors Co. for the next six years. The [...]
SEOUL, July 28 (Korea Bizwire) — POSCO Chemical Co. will supply a key electric vehicle (EV) battery component to General Motors Co. for three years starting 2023, in an additional US$10.8 billion deal expected to give a boost to the South Korean firm’s pivot to the battery materials sector. POSCO Chemical will supply high-nickel cathodes [...]
SEOUL, July 27 (Korea Bizwire) — LG Chem Ltd. said Wednesday it has clinched a long-term supply agreement with General Motors Co. to provide the U.S. carmaker with key materials for electric vehicle (EV) battery cells. LG Chem, the country’s leading chemical firm, will supply more than 950,000 tons of cathode materials under the eight-year [...]
SEOUL, May 27 (Korea Bizwire) — South Korean chemical maker POSCO Chemical Co. said Friday it is building a US$327 million cathode plant with General Motors Co. in the Canadian city of Quebec to supply the key electric vehicle battery component to the U.S. automaker. The two have signed a final agreement on setting up [...]
SEOUL, March 8 (Korea Bizwire) — South Korean chemical maker POSCO Chemical Co. said Tuesday it will build a joint cathode venture with U.S. auto giant General Motors Co. in Canada to supply the key material to the U.S. automaker’s electric vehicles. The US$400 million cathode materials JV in Quebec, Canada, will supply the materials [...]
SEOUL, Jan. 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) and General Motors Co. unveiled a US$2.6 billion plan Wednesday to build a new electric vehicle (EV) battery plant in the United States in their latest move to gain an edge in the global EV market. The factory by Ultium Cells LLC, their U.S.-based [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Tuesday it will together spend US$2.1 billion with U.S. General Motors Co. to build another electric vehicle (EV) battery factory in America. LGES and GM are expected to chip in half of the amount each through their U.S.-based joint [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korean chemical maker POSCO Chemical Co. said Thursday it has agreed with U.S. auto giant General Motors Co. to set up a joint venture for a key component for electric vehicle (EV) batteries and build a plant in North America. The cathode materials JV will begin production of [...]
SEOUL, Nov. 12 (Korea Bizwire) – General Motors Co. said Friday it will launch 10 electric vehicles in South Korea by 2025 as part of its strategy to gradually shift away from internal combustion engine cars to zero-emission ones. GM Senior Vice President Steve Kiefer outlined the Detroit carmaker’s EV plans for the Korean market [...]