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Youngsoo Kwon - 3 Kwon - 1 Toyota's - 1 Japan's - 1 LGES - 1 ” - 1
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China U.S Kentucky Toyota's Tokyo United States Georgia Bryan County America
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LG Energy - 3 LG - 2 Hyundai - 2 EV - 2 Korea's LG Energy - 1 Toyota - 1 CNBC - 1 America's - 1

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☆ LG Energy Solution to release cheaper batteries to combat Chinese competition: CEO
  + stars: | 2023-10-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLG Energy Solution to release cheaper batteries to combat Chinese competition: CEOYoungsoo Kwon of LG Energy Solution says the world's number one EV battery maker ex-China is trying to become more cost-competitive, as it faces short term price pressure from a supply glut.
Persons: Youngsoo Kwon Organizations: LG, LG Energy Locations: China
☆ Toyota, LG Energy Solution sign $3 billion battery supply deal in U.S. EV push
  + stars: | 2023-10-05 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +2 min
The deal will support Toyota's expanding battery EV line-up, which includes a new model that will be assembled at a manufacturing plant in Kentucky — its largest globally — starting in 2025. LG Energy Solution also supplies other automotive giants such as America's General Motors , South Korea's Hyundai, and Japan's Honda . Less than five months ago, LG Energy Solution said it will build a $4.3 billion EV battery plant in the U.S. with Hyundai, in a bid to leverage tax credits. LG Energy Solution will invest about 4 trillion Korean won ($3 billion) "to establish new production lines for battery cells and modules exclusively for Toyota, with completion slated for 2025." Chinese competitionLG Energy Solution is currently the world's third-largest EV battery producer after Chinese EV player BYD, according to data from South Korean energy market research firm SNE Research.
Persons: Youngsoo Kwon, Kwon, Toyota's, Japan's Organizations: Korea's LG Energy, Toyota, LG Energy, CNBC, America's, Motors, Hyundai, Japan's Honda, U.S, Lexus, LG, EV, BYD, SNE Research Locations: U.S, Kentucky, Toyota's Tokyo
☆ Hyundai Motor Group, LG Energy to build $4.3 bln EV battery plant in US
  + stars: | 2023-05-26 | by ( ) edition.cnn.com   time to read: +1 min
South Korea’s Hyundai Motor Group and LG Energy Solution Ltd on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits. Vehicles from Hyundai Motor Co and sister automaker Kia Corp are currently not eligible. Hyundai Motor Group, the world’s third-largest automaker by vehicle sales, is building EV and battery manufacturing facilities in Bryan County in the state, where its joint factory with LGES will be based. LGES and Hyundai Motor Group, which houses Hyundai Motor, Kia and autoparts maker Hyundai Mobis Co Ltd, will each own 50% of the joint venture. In April, Hyundai Motor finalized a $5 billion EV battery joint venture in the United States with SK On, a battery unit of SK Innovation Co Ltd, boosting electrification efforts in its largest market.
Persons: LGES, ”, Youngsoo Kwon Organizations: Hyundai Motor Group, LG Energy, EV, Vehicles, Hyundai Motor Co, Kia Corp, Hyundai, Kia, Hyundai Mobis Co, Tesla, General Motors, Hyundai Motor, SK, SK Innovation Co Locations: United States, Georgia, Bryan County, America
☆ Hyundai Motor Group, LG Energy to build $4.3 billion EV battery plant in US
  + stars: | 2023-05-26 | by ( Hyunsu Yim Ju-Min Park | Hyunsu Yim | Ju-Min Park | ) www.reuters.com   time to read: +2 min
SEOUL, May 26 (Reuters) - South Korea's Hyundai Motor Group and LG Energy Solution Ltd (LGES) (373220.KS) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits. Vehicles from Hyundai Motor Co (005380.KS) and sister automaker Kia Corp (000270.KS) are currently not eligible. [1/2] The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. LGES and Hyundai Motor Group, which houses Hyundai Motor, Kia and autoparts maker Hyundai Mobis Co Ltd (012330.KS), will each own 50% of the joint venture. In April, Hyundai Motor finalised a $5 billion EV battery joint venture in the United States with SK On, a battery unit of SK Innovation Co Ltd (096770.KS), boosting electrification efforts in its largest market.
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