On August 28, 2025, Vietnam-based KIM LONG MOTOR Hue and LG Energy Solution signed a Memorandum of Understanding (MOU) for battery supply. Under the agreement, LG Energy Solution will provide cylindrical battery cells, while KIM LONG MOTOR will manufacture and assemble complete battery packs, establishing a strategic

LG Energy Solution Ltd. (LG Energy Solution) announced that it has received an order for lithium-iron-phosphate (LFP) ion batteries. The name of the purchaser is unpublicized. The contract is valid from August 2027 to July 2030, and the sales under the deal are expected to reach KRW 5.94 trillion (JPY 653.8 billion).

On July 30, LG Energy Solution signed a USD 4.3 billion deal to supply Tesla with energy storage system batteries, according to a person familiar with the matter, supplying lithium iron phosphate (LFP) batteries from its U.S. battery cell plant in Holland, Michigan.
LG Energy Solution announced earlier that it had si

Several South Korean media sources reported that a secondary battery manufacturer, LG Energy Solution Ltd., announced that Ultium Cells LLC, a joint company with GM, will change its production lines at its NCM (nickel, cobalt, and manganese) battery plant in Spring Hill, Tennessee, the U.S., to set up LFP battery mas

On July 20, over 88% of the NextStar Energy workers voted in favor of ratifying a new union contract through the Unifor labor union.
There are currently 450 hourly workers at the Windsor battery plant, with that number expected to rise to 750 by the end of 2025. In total, NextStar is currently employing about 900 peo

On July 14, Ultium Cells LLC, the joint venture between General Motors and LG Energy Solution, announced it will upgrade its Spring Hill, Tennessee battery cell manufacturing plant to scale production of low-cost lithium iron phosphate (LFP) battery cells, building on a USD 2.3 billion investment announced in 2021. 

On June 24, Jaehong Park, CEO of LG Energy Vertech Inc. noted the completion of the company’s expansion of its Holland, Michigan facility earlier in June and announced that it will begin producing batteries for energy storage systems (ESS) by August. 
The plant, operational since 2012, produces automotive vehicle bat

LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., announced that it has won an order from O&J Automotive Netherlands BV, a subsidiary of China-based Chery Automobile Co. Ltd., for 46-phi cylindrical batteries. LG Energy Solution will begin supplying batteries on a ful

LG Energy Solution will manufacture energy storage system (ESS) batteries at the plant it fully acquired from GM in Lansing, Michigan, according to sources in South Korea. The plant was the third factory of Ultium Cells, LG Energy Solution’s joint venture with GM, following the other two in Warren, Ohio and Spring Hi

General Motors' requests to LG Energy Solution (LGES) and Samsung SDI are leading the two companies to install lithium iron phosphate (LFP) battery production lines at their respective joint venture plants with the U.S. OEM, according to reports in South Korea citing people familiar with the matter.
GM previously ann

Announced on May 22, 2025, the Indonesian president has chaired a limited meeting with key ministers to discuss the continuation of Indonesia’s EV battery downstream project. The meeting focused on the transition of the USD 9.8 billion project from the LG consortium to China’s Huayou, as well as updates on a similar

LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., announced that it will start operating the Open Submission for Start-up (OSS) Program to enhance the open innovation ecosystem.
The OSS is a platform on which startups with battery-related innovations worldwide can sub

LG Energy Solution Ltd., an EV battery manufacturing subsidiary of LG Chem, has completely acquired the third electric vehicle (EV) battery plant under construction by Ultium Cells LLC in Lansing, Michigan, the U.S. Ultium Cells is a joint company between LG Energy Solution and General Motors Company of the U.S.
This

On May 13, General Motors and LG Energy Solution announced they will commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs. GM aims to become the first OEM to deploy LMR batteries in EVs. 
GM began researching manganese-rich lithium-ion battery cells in 20

On May 8, NextStar Energy announced it is nearing completion of the final phase of its joint venture plant in Windsor, Ontario, having begun construction in 2022.   
The joint venture formed by LG Energy Solution and Stellantis, started battery module production in October 2024 in phase one of the project. 
As constr

LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., announced that it has established a joint venture with Derichebourg (DBG), a French metal waste recycling and environmental service company, to set up a battery recycling business. This joint company will manufacture b

On April 29, LG Energy Solution announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant. 
Construction will begin in 2026 in Bruyères-sur-Oise in northern France, with operations scheduled to commence in 2027. This

Several South Korean media sources reported that LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., had withdrawn from a project the company had been pursuing to set up an electric vehicle (EV) value chain in Indonesia. In 2022, the company formed a consortium with Sou

Reported on April 22, 2025, LG Energy Solution has announced its withdrawal from the ambitious “Grand Package” electric battery project in Indonesia, a multibillion-dollar initiative aimed at establishing a local EV battery supply chain. The company cited various concerns, including challenges related to the investme