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LG Energy Solution Ltd (LGES), South Korea's top battery maker, said on Saturday its plan to build a battery plant in Turkey with Ford Motor has been scrapped as a Turkish partner revoked its participation in the project.In February, LG Energy ...
The South Korean government vowed Wednesday to ease regulations and reduce administrative procedures to promote the swift and smooth implementation of major corporate investment projects, including S-Oil Co.'s petrochemical plant project and the US Sphere Entertainment Co.'s K-pop arena construction plan. The government presented a set of tailored deregulatory measures for a total of 18 projects led by priv...
The UAW’s wage wins put more pressure on carmakers, but wages are only one variable in controlling electric vehicle costs. Read on.
SK Innovation Co Ltd, parent of battery maker SK On, said on Friday its battery business targets to turn a profit in the current quarter after it posted a forecast-beating operating profit in...
LG Energy Solution Ltd., South Korea's leading battery maker, said Wednesday its third-quarter net profit more than doubled from a year earlier helped by strong demand in the United States. Net profit for the three months ended in September soared to 420.5 billion won ($312 million) from 187.7 billion won during the same period of last year, the company said in a statement. "Strong battery sales in the US p...