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The Latest Breaking News from LG Energy Solution

2023 Volkswagen ID.4 Hit With $1,500 Price Hike Across The Board

Price hike aside, VW will stop taking reservations after January 4 as it anticipates ample availability at dealerships following the start of US production.

InsideEVs

Report: LGES To Upgrade Its Ochang Battery Plant In South Korea

LG Energy Solution, one of the world's largest lithium-ion battery manufacturers, prepares a major upgrade for its main domestic plant in Ochang, South Korea.

InsideEVs

US Department Of Energy Finalizes $2.5 Billion Loan To Ultium Cells

Ultium Cells will use the loan to finance construction of new battery cell plants in Ohio, Tennessee and Michigan, which will support a total of 11,000 jobs.

InsideEVs

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Ultium Cells' Factory In Tennessee To Produce More Battery Cells

Ultium Cells intends to produce at its plant in Spring Hill, Tennessee (currently under construction) more battery cells than initially planned.

InsideEVs

Department of Energy finalizes $2.5 billion loan to GM battery joint venture

WASHINGTON — The U.S. Department of Energy has finalized a $2.5 billion loan to Ultium Cells LLC, the EV battery joint venture between General Motors Co. and South Korean battery company LG Energy Solution, officials said Monday.

Tribune News Service

GM joint venture gets $2.5B loan to build battery plants

A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan

The Independent UK

UAW organizes its first EV battery plant

The United Auto Workers has organized its first joint-venture battery plant, a facility in northeast Ohio owned by General Motors Co. and LG Energy Solution, the union said early Friday.

Tribune News Service

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GM, LG investing $275 million to increase Tennessee battery plant capacity

General Motors Co. and LG Energy Solution are investing $275 million at their Tennessee Ultium Cells LLC joint-venture battery plant to increase cell production there when it opens in late 2023, the company announced Friday.

Tribune News Service

GM venture to invest additional $275M at Tennessee plant

A joint venture between General Motors and South Korean battery company LG Energy Solution says it will invest an additional $275 million to expand a Tennessee battery cell factory for electric vehicles

The Independent UK

GM battery plant employees to vote for UAW representation in December

An election to unionize the first General Motors Co. and LG Energy Solution battery cell manufacturing plant is scheduled for Dec. 7 and Dec. 8, according to a National Labor Relations Board filing.

Tribune News Service

UAW files to have a union election at Ultium Cells plant

The United Auto Workers has filed to have a union election on behalf of about 900 workers at the Ultium Cells LLC plant in Warren, Ohio.

Tribune News Service

3 Auto Stocks Investors Should Buy Over Tesla This Fall

The automotive industry is expected to witness solid growth in the long run, driven by sustained demand, increased adoption of electric vehicles, and supportive federal policies. Electric vehicle (EV) giant Tesla (TSLA) has witnessed a steady downtrend this year on several concerns. Therefore, it could be wise to invest in…

StockNews.com

Michigan to vie for 3rd Stellantis battery plant in North America

The maker of Jeep SUVs and Ram trucks is giving Michigan another chance to land an electric-vehicle battery plant and the hundreds of jobs that come with one after the Great Lakes State missed out on the company's first two for North America.

Tribune News Service

LGES And Honda's Battery Gigafactory Will Be Built In Ohio

Honda and LG Energy Solution's joint venture (JV) battery gigafactory will be located in Ohio, where the Japanese company intends to create a true EV hub.

InsideEVs

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Motor1

Honda And LG Energy Solution Announce 40-GWH Battery Plant In Ohio

The investment into the project could be as high as $4.4 billion.

Tribune News Service

Stellantis CEO: 'We have zero problem with unions' at battery plants

DETROIT — The CEO of Stellantis NV says employees of its joint-venture electric-vehicle battery manufacturing plants will be unionized if they wish.

InsideEVs

Ultium Cells Begins EV Battery Production In Ohio

Ultium Cells, the battery joint venture between General Motors and LG Energy Solution, has started production at its first plant located in Warren, Ohio.

Tribune News Service

GM joint venture Ultium plant in Ohio begins battery cell production

Ultium Cells LLC has started production of battery cells at its first manufacturing operation in Warren, Ohio, the General Motors Co. and LG Energy Solution joint venture company confirmed Wednesday.

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RideApart

Honda Teams Up With South Korean Tech Giant LG To Produce EV Batteries

Honda and LG are working to develop and manufacture EV batteries for the U.S. market, with the two companies planning to put up a manufacturing facility.

InsideEVs

Official: Honda And LG Energy Solution To Form EV Battery JV In The US

Honda and LG Energy Solution have jointly announced today an agreement to establish a joint venture (JV) company to produce lithium-ion EV batteries in the US.

InsideEVs

Report: The Fourth Ultium Cells Battery Plant Might Be Built In Indiana

A new report indicates that Ultium Cells, a joint venture between GM and LGES, might soon announce the location for its fourth battery gigafactory.

Benzinga

Benzinga Before The Bell: Tesla's Autopilot Attracts Regulatory Ire Again, Roblox Poaches Meta Official, Snap Cancels Drone Project And Other Top Financial Stories Friday, August 19

Reuters Pilot Strike, Delayed Aircraft Delivery Force SAS To Cancel 1,700 Flights

Tribune News Service

GM considering Indiana town for fourth battery plant

General Motors Co. and LG Energy Solution are considering New Carlisle, Indiana, as the location for their fourth Ultium Cells LLC joint venture battery plant.

The Independent UK

Energy Dept. backs $2.5B loan to GM venture for EV batteries

A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states

Tribune News Service

Energy Department plans to loan GM battery joint venture $2.5 billion

WASHINGTON — The Department of Energy said Monday it plans to loan General Motors Co. and LG Energy Solution's joint venture $2.5 billion to build EV battery plants in Michigan, Ohio and Tennessee.

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