Exxon Mobil Corporation announced on Wednesday that it signed a multiyear non-binding memorandum of understanding (MOU) to provide up to 100,000 metric tons of lithium carbonate to LG Chem Ltd.'s cathode plant in Tennessee aimed at strengthening the United States' critical mineral...
LG Chem Ltd. announced on Thursday that it will invest around $2.2 billion (2.6 trillion won) into its South Korean capacities by 2028. The company intends to build 10 factories in the country focusing on "bio-based raw material production, eco-friendly materials, waste plastic recycling, and...
SK Innovation Co. Ltd. and LG Chem Ltd, two South Korean battery makers, reached a settlement regarding their trade secrets dispute in the United States, Yonhap reported citing industry sources.
The deal, the details of which will be explained later in the day, should prevent SK's 10-year US import...
SK Innovation Co. Ltd. said on Tuesday that it is considering withdrawing its battery business out of the United States if President Joe Biden does not reverse the LG Chem Ltd. decision.
"We are reviewing options to move our US battery production to Europe or China, which would cost us tens of...
LG Chem Ltd.'s Energy Solution subsidiary is planning to invest over $4.5 billion into battery production in the United States over the next five years, media reported on Thursday.
"We are eager to expand our production capacity so that it can meet the needs of the numerous global automakers...
General Motors Co., in partnership with LG Chem Ltd., is looking into options to build a second battery factory in the United States, the Wall Street Journal reported on Thursday. A spokesman for the carmaker stated that the companies could announce a decision in the first half of this...
SK Innovation Co. (SKI) wants the Biden administration to overturn last month's Federal Trade Commission (FTC) ruling that determined the Korean battery maker stole trade secrets from rival LG Chem Ltd, the Wall Street Journal said on Monday.
The company has reportedly told the White House...
Hyundai Motor Group spokesman said on Wednesday the company decided for LG Chem to be one of its battery suppliers for its forthcoming new electric vehicles.
The company that holds Hyundai Motor as well as its sister company Kia Motors said that details including EV model and the price of...
Tesla stocks jumped over 10% in premarket trade on Thursday after the company posted better-than-expected results in the last quarter of 2019. The automaker's Model 3 deliveries surged 46% and full-year revenue increased by 14% to $24.5 billion.
Meanwhile, media reports said Tesla is teaming...
According to documentation filed with South Korean regulators on Thursday, LG Chem Ltd. will start deliveries of batteries for electric vehicles to Volkswagen AG late last year. The manufacturer revealed the plan after it was picked by the German auto giant.
Earlier, the two companies...
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