DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Kim Hong - 1 Lee Chang - 1 sil - 1 Kim Gyunghoon - 1 Kim - 1 Kang Dong - 1 LGES - 1 1,345.0800 - 1
Top related locs:
U.S Ohio Seoul South Korea SEOUL China Europe Poland
Top related orgs:
LG Energy - 2 REUTERS - 2 General Motors - 2 GM - 2 Thomson - 2 GM JV - 1 Korean - 1 EV - 1

Search resuls for: "GM JV"


3 mentions found


☆ Battery maker LG Energy Solution warns of slowing EV demand, shares fall
  + stars: | 2023-10-25 | by ( Heekyong Yang Joyce Lee | Heekyong Yang | Joyce Lee | ) www.reuters.com   time to read: +3 min
An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. LGES, which supplies Tesla (TSLA.O), General Motors (GM.N) and other automakers, said revenue growth in 2024 would not be as high as the mid-30% rate forecast for this year. LGES shares dropped as much as 6.69% to the lowest level in more than 12 months, versus the benchmark KOSPI's (.KS11) 0.6% fall. The company also said it would produce cheaper lithium iron phosphate (LFP) batteries from 2026 to better respond to demand for lower-priced EVs. But it was down 6% from the June quarter due to the demand slowdown in Europe, production adjustments by automakers and lower metal prices.
Persons: Kim Hong, Lee Chang, sil, Kim Gyunghoon, Kim, Kang Dong, LGES, 1,345.0800, Heekyong Yang, Joyce Lee, Miyoung Kim, Jamie Freed Organizations: LG Energy, REUTERS, GM JV, Korean, EV, General Motors, GM, Hyundai Motor Securities, Thomson Locations: Seoul, South Korea, SEOUL, China, Europe, Poland, U.S, Ohio, ARIZONA, Arizona
☆ GM JV battery firm rejects including Ohio workers under national agreement
  + stars: | 2023-08-02 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
Ultium Cells LLC said on Wednesday it "does not see a viable legal or practical path to place Ultium Cells-Ohio into the General Motors National Agreement." Last week, a group of 28 senators including Senate Majority Leader Chuck Schumer urged GM, Chrysler-parent Stellantis (STLAM.MI) and Ford Motor (F.N) to recognize joint venture battery workers under national labor agreements before the current contracts expire on Sept. 14. If battery workers were covered under the national agreement, they would likely be eligible for better pay and benefits. Ultium said on Wednesday it "has provided a proposal for a fully comprehensive collective bargaining agreement, including substantial wages and benefits." In December, workers at the Ultium Cells Ohio plant overwhelmingly voted to join the UAW.
Persons: Rebecca Cook, Chuck Schumer, Ultium, Sherrod Brown, Mark Stewart, Shawn Fain, Fain, Mary Barra, David Shepardson, Chris Reese, Sonali Paul Organizations: General Motors, REUTERS, LG Energy, Democratic U.S, Ultium Cells, United Auto Workers, UAW, GM, Chrysler, Ford, Ohio, Reuters, Ultium Ohio, Thomson Locations: Detroit , Michigan, U.S, KS, Ohio, Ultium Cells Ohio, Ultium
☆ U.S. Treasury secretary to visit GM JV battery plant in Tennessee
  + stars: | 2023-02-06 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
WASHINGTON, Feb 6 (Reuters) - Treasury Secretary Janet Yellen will visit a General Motors (GM.N) LG Energy Solution (373220.KS) joint venture battery cell manufacturing plant in Tennessee on Wednesday to tout rising U.S. electric vehicle and battery production, the department said Monday. The 2.8-million-square-foot, $2.6 billion Ultium Cells plant in Spring Hill, Tennessee, is set to begin production later this year and is the second of three planned JV plants. The plant is expected to eventually employ 1,700 people and will produce cells for the Cadillac Lyriq, which is produced at the adjacent GM assembly plant. Yellen and other Cabinet officials are traveling this week to tout the IRA's boosting of green energy manufacturing and battery production. China currently produces 70% of batteries for electric vehicles, Treasury said.
0 next >>
Total: 3