All articles tagged with #lg energy solutions
Hyundai's CEO distanced the company from the ICE raid at a Georgia battery factory operated by LG Energy Solutions, clarifying that Hyundai was not responsible for the incident and criticizing media misrepresentation, amid concerns about the impact on foreign investment and labor practices in the US.
General Motors is selling its stake in an EV battery plant in Lansing, Michigan, to LG Energy Solutions, making LG the sole owner. The plant, developed by their joint venture Ultium Cells LLC, will allow LG to sell batteries to other customers. GM will recover its $1 billion investment and focus on its other battery factories in the US. This move aligns with GM's strategy to profit from its EV business by simplifying supply chains and leveraging domestic production. GM and LG also plan to develop prismatic battery cells for higher energy capacity.