The U.S. Department of Energy is reviving an old loan program and its first recipient is the joint battery venture between General Motors and LG Energy Solution. The $2.5 billion […]
LG Chem
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Back to news homeLG Energy increases battery production in the U.S. with $1.4B investment
South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to […]
GM says it will seek reimbursement from LG Chem for $1B Chevy Bolt recall losses
American automaker General Motors expanded its recall of Chevrolet Bolt electric vehicles on Friday due to fire risks from battery manufacturing defects. The automaker said it would seek reimbursement from […]
Automakers have battery anxiety, so they’re taking control of the supply
‘The batteries don’t show up, you’re bankrupt, you’re dead’ Rebecca Bellan 14 hours Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to […]