On December 2, General Motors announced it has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. 
While the transaction is expected to close in Q1 2025, LG Energy Solution will have immedi

On December 2, General Motors and LG Energy Solution announced they are extending their 14-year battery technology partnership to include prismatic cell development.  LG Energy Solution has both experience with prismatic cell production and an extensive patent portfolio on battery design and manufacturing technologie

On November 8, LG Energy Solution announced that LG Energy Solution Arizona, a fully owned subsidiary of LG Energy Solution, has signed a long-term supply agreement to provide Rivian with its advanced 4695 cylindrical batteries for a period of more than five years, totaling 67 GWh.
With a diameter of 46 mm and height

Several South Korean media sources reported that LG Energy Solution Ltd. is in the final stage of completing the preparation for the 4680 battery mass-production launch at its plant in Ochang, Cheongju-si, Chungcheongbuk-do, South Korea.
It plans to start mass-producing samples in the quarter of October to December 2

On October 23, 2024, NextStar Energy, a joint venture between LG Energy Solutions and Stellantis, begun battery module production in its Windsor, Ontario facility. The facility is expected to reach an annual production capacity of 49.96 gigawatt-hours, which is enough to power 450,000 vehicles per year.
Since the pro

On October 15, LG Energy Solution (LGES) announced it has signed supply agreements with Ford Motor Company to power the electrified models of Ford commercial vans in Europe.
Under the contracts, LG Energy Solution is forecasted to supply a total of 109 GWh of batteries to Ford for its electric commercial vans, starti

LG Energy Solution Ltd. announced that it has won an order from an affiliate of Mercedes-Benz AG for electric vehicle (EV) batteries. Under the contract valid for ten years from 2028, the South Korean company will provide the batteries worth 50.5GWh to regions including North America.
The value of the contract is not

LG Energy Solution Ltd. unveiled its mid-to-long-term business vision for the coming years until 2028. The company plans to more than double its revenue by 2028 from KRW 33.7 trillion (JPY 3.71 trillion) in 2023. The company will focus on diversifying its electric vehicle (EV) product and customer portfolios to meet

LG Energy Solution Ltd. unveiled a new battery management total solution (BMTS) brand, B.around.
The BMTS is the company’s proprietary solution that installs cloud and AI-based software for advanced safety diagnosis, deterioration, battery life prediction, and other purposes on an existing battery management system (

Several South Korean media sources reported that LG Energy Solution Ltd. unveiled pouch-type high-voltage mid-nickel (Mid-Ni) cell-to-pack (CTP) solutions at IAA Transportation 2024 held in Germany.
The high-voltage middle-nickel is a product featuring enhanced stability from increased manganese and nickel content of

LG Energy Solution (LGES) is reported to be considering using an Ultium Cells plant to produce batteries for Toyota electric vehicles in the U.S. as one of the plans it has had to reevaluate under current market conditions.
In October 2023, LGES announced it had agreed to supply 20 gigawatt-hours of high-nickel NCMA

On September 4, the United Auto Workers (UAW) announced that management at the Ultium Cells LLC facility in Spring Hill, Tennessee has agreed to recognize the union to represent its workers. 
The UAW said a majority of the 1,000 workers at the facility signed cards to join the UAW after workers at an Ohio Ultium Cell

On August 28, Jaguar announced it is recalling 2,760 I-Pace SUVs in the U.S. from the 2019 model year due to the risk of battery fires, and is telling owners to park them outdoors and away from structures while it works to develop a final remedy.
As an interim fix, dealers will update the battery energy control compu

LG Energy Solution Ltd. announced that it will make its battery safety diagnosis software business full-scale.
The company’s safety diagnosis software is used for an automotive battery management system (BMS). It has a function to read the signs of battery malfunction that could cause fires or other incidents with a

On July 31, Tesla engineer Cole Otto noted on LinkedIn that the company rolled out its first Cybertruck equipped with dry battery electrode cells and began vehicle testing with the "groundbreaking in-house dry cathode 4680 cells" in the Cybertruck. 
Dry battery electrodes (DBE) on the Cybertruck are a key part of Tes

LG Energy Solution (LGES) and Samsung SDI are both nearing the mass production of Tesla’s 4680 cell design. 
LG Energy Solution plans to start 4680 cell production this August at its Ochang plant and reach mass production by the end of 2024. The first batch of 4680 cells produced by LGES is reportedly going to Tesla.

Several South Korean media sources reported that LG Energy Solution Ltd. is negotiating with three Chinese cathode manufacturers to produce lithium iron phosphate (LFP) batteries for electric vehicles (EVs) in Europe.
The company is considering various options, including setting up joint ventures and signing long-ter

Several South Korean media sources reported that Ultium Cells LLC, a joint company between General Motors Company and LG Energy Solution Ltd., has temporarily stopped constructing its third electric vehicle (EV) battery plant in Michigan, the U.S.
The JV commenced the construction in 2022, investing USD 2.6 billion i

NextStar Energy, a joint venture between Stellantis and LG Energy Solution, celebrated its first anniversary and provided a status update of its upcoming battery plant in Windsor, Ontario, Canada, which is currently under construction.
Construction and the installation of equipment for the module building is nearly c

LG Energy Solution Ltd. announced that it has developed an artificial intelligence (AI) solution for designing battery cells.
The company can input certain specifications into the solution to design battery cells that best meet the performance required by the clients. Introducing this AI solution will allow the compa