Four years after Tesla revealed the hyped Cybertruck, its production still lags with 1.9 million orders pending. The bottleneck stems from challenges in mass-producing what are known as 4680 battery cells, which are key to the Cybertruck’s success due to their superior energy density and cost efficiency. Currently, Tesla can only produce a fraction only a tenth of the required output, pushing it to lean o.
Korean battery makers are facing an increasingly unfavorable business environment this year, as the sluggish global demand for electric vehicles (EVs) led U.S. carmakers to cut production, according to securities analysts, Wednesday.
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.
Korean producers of cathode materials for electric vehicle (EV) batteries are likely to see a drop in third-quarter operating profits, according to securities analysts, Wednesday.
LG Chem Rallies Amid Hopes for Earnings Boost From Battery Unit morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
S.Korea's LGES revives Arizona battery factory with $5.6 bln investment cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
By Heekyong Yang and Hyunsu Yim SEOUL (Reuters) -South Korea's LG Energy Solution Ltd (LGES) said on Friday it would resume a stalled U.S. battery project with a $5.6 billion investment in Arizona to qualify
The new Arizona factory will consist of two facilities - one for cylindrical batteries for EVs and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS)
Hanwha Solutions latest plan to spin off its Galleria division has been interpreted by many as part of efforts to hand over control of the group s retail business to Chairman Kim Seung-youn s youngest son Kim Dong-seon, according to domestic securities analysts, Monday. The company announced last Friday that it will list Hanwha Galleria on the benchmark KOSPI market by March next year after spinning off the department store chain operator.