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LG Energy Solution Sets Record 114 tln Won in IPO Retail Bids

LG Energy Solution Sets Record 114 tln Won in IPO Retail Bids

SEOUL, Jan. 19 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) drew record high demand from retail investors in the public subscription for its red-hot initial public offering (IPO) next week, its underwriters said Wednesday. The company attracted 114.1 trillion won (US$95.8 billion) in deposits from some 4.4 million retail investors [...]

LG Energy Solution to Purchase 700,000 Tons of Lithium Ore Concentrate from Australia

LG Energy Solution to Purchase 700,000 Tons of Lithium Ore Concentrate from Australia

SEOUL, Jan. 12 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. has signed an initial contract to purchase 700,000 dry metric tons of lithium ore concentrate from an Australian miner, a document showed Wednesday, a deal that could help LG secure a supply of lithium-ion battery materials. A disclosure document posted by [...]

LG Energy Solution Expects to Outstrip China’s CATL in Global EV Battery Market Share: CEO

LG Energy Solution Expects to Outstrip China’s CATL in Global EV Battery Market Share: CEO

SEOUL, Jan. 10 (Korea Bizwire) — LG Energy Solution Ltd. could overtake its Chinese rival and the world’s No. 1 player CATL in share of the global electric vehicle (EV) battery market, given the apparent higher order backlog and other factors, its chief said Monday. Kwon Young-soo, CEO of the South Korean battery maker, made [...]

LG Chem, LG Energy Solution Buy Stake in Canadian Battery Recycling Company

LG Chem, LG Energy Solution Buy Stake in Canadian Battery Recycling Company

SEOUL, Dec. 15 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemical company, and its subsidiary LG Energy Solution Ltd. said Wednesday they have jointly acquired a stake in a Canadian lithium-ion battery recycling company. LG Chem and the battery maker LG Energy Solution invested 30 billion won (US$25.3 million) each to acquire a [...]

LG Energy Solution Joins Hands with Siemens on Smart Factory Technologies

LG Energy Solution Joins Hands with Siemens on Smart Factory Technologies

SEOUL, Dec. 14 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Tuesday it has signed a deal with Siemens Korea to work together to turn its battery plants into smart factories to upgrade the manufacturing process. Under the memorandum of understanding, LG Energy Solution will adopt the German industrial solutions provider’s [...]

LG Energy Solution Gets Preliminary Approval for Listing in S. Korea

LG Energy Solution Gets Preliminary Approval for Listing in S. Korea

SEOUL, Nov. 30 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. has received preliminary approval for listing on the country’s main stock market, the main bourse operator said Tuesday, taking one step closer to its much-anticipated market debut. The approval by the Korea Exchange (KRX), the country’s main bourse operator, came as [...]

LG Energy Solution Signs Battery Contract with U.S. Electric Truck Maker

LG Energy Solution Signs Battery Contract with U.S. Electric Truck Maker

SEOUL, Nov. 5 (Korea Bizwire) — LG Energy Solution Ltd., a leading South Korean battery maker, has signed a battery supply contract with Nikola Corp., a U.S. electric vehicle startup, according to industry sources Friday. The Arizona-based company said in its third-quarter earnings report it entered into a long term battery supply agreement with LG [...]