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LG Energy Solution to license out battery patents to block tech infringement, exec says

LG Energy Solution said on Wednesday it would launch a new business model of licensing out its battery technologies next month, as infringements of the South Korean company's patents surge with competition to supply electric vehicle makers. LGES, the world's second-largest EV battery producer after China's CATL, will also consider issuing warning notices or suing those it suspects are infringing its patents, Lee Han Sun, head of LGES' intellectual property center, said in an interview. "Over the past two or three years, myriads of latecomers have sprung up in the EV battery sector globally, resulting in the spread of a price war and patent infringements," Lee said.

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LG Energy Solution takes action against increase in patent infringements

LG Energy Solution (LGES) siad that it will take strong action against the widespread unauthorized use of its patented battery technologies, to maintain its technological edge as a leading battery maker and lead the way in fostering fair competition in the fast-growing industry, the company said Wednesday.

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Korea's LG Energy Solution reports 75% plunge in Q1 profit due to slowing EV sales

LG Energy Solution (LGES), Korea's leading battery maker, said Friday its estimated operating profit plunged 75 percent in the first quarter from a year earlier due to slowing EV sales.

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Korea's leading battery maker LGES-GM Joint Venture starts production at Tennessee battery plant

LG Energy Solution (LGES), Korea's leading battery maker, said Tuesday its joint venture with General Motors began production at their second battery plant in the United States.

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LG Energy Solution to invest in US startup for battery partnership

LG Energy Solution (LGES), Korea's leading manufacturer of lithium-ion batteries, said Thursday it will make an equity investment in U.S. startup Sion Power for next-generation battery development.

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Korean battery makers slow down overseas expansion

The deceleration in global demand for electric vehicles (EVs) is putting the brakes on Korean battery makers’ plans to build manufacturing facilities overseas, according to industry officials, Sunday.

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LG Energy Solution sounds EV sales alarm

Global economic jitters and shifting automaker strategies cloud the electric vehicle horizon

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LG Energy Solution to supply batteries to Toyota

LG Energy Solution (LGES) agreed to supply 20 gigawatt-hours of high-nickel NCMA (nickel, cobalt, manganese and aluminum) battery modules annually to Toyota Motor from 2025 to 2035 for the Japanese carmaker’s battery electric vehicles (BEVs) produced in the U.S. state of Kentucky, the Korean battery maker said Thursday.

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LGES, Stellantis reach agreement with Canada on subsidies for Ontario plant

LG Energy Solution (LGES) said Thursday its joint venture with Stellantis N.V. has reached an agreement with the Canadian governments on the terms of subsidies for the construction of its electric vehicle (EV) battery plant in Ontario.

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LG Energy Solution fosters employee growth

LG Energy Solution (LGES) launched its internal independent companies, KooRoo and AVEL, last year to help expand its battery ecosystem. These independent companies are organized to pursue new ideas swiftly by exploring future growth engines centered on the existing battery business. The company also aims to provide opportunities for individual growth by allowing members to take on proactive roles.

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