On January 9, LG Energy Solution (LGES) announced preliminary results for Q4 2025 showing significant losses amid weak demand for EVs and cancelled or reduced contracts with OEMs. LGES estimates that it incurred an operating loss of KRW 122 billion (USD 83 million) during the quarter, though less than half the KRW 22

Several South Korean media sources reported that LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., had canceled its battery supply contract with Freudenberg Battery Power Systems (FBPS), a US-based battery pack manufacturer, as of December 26, 2025. The contract perio

On December 24, South Korea’s LG Energy Solution (LGES) said in a regulatory filing that it is selling a factory building and assets in Jeffersonville, Ohio to Honda Development and Manufacturing of America.
The planned USD 2.86 billion deal excludes land and equipment, and is meant to "improve joint venture operatio

LG Energy Solution Ltd. (LG Energy Solution), an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd. (LG Chem), announced that Ford Motor Company notified the company that the automaker will terminate an electric vehicle (EV) battery supply contract.
LG Energy Solution signed contracts with Ford in

On December 16, LG Energy Solution (LGES) announced in a regulatory filing that Ford Motor has terminated its long-term EV battery supply agreement, citing changes in the policy environment and weakening demand for EV.
Under contracts signed in October 2024, LG Energy Solution was to supply 34 GWh of batteries to Fo

On December 8, multiple media reported that LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., has secured a USD 1.4 billion battery order from Mercedes-Benz for a seven-year supply deal running between March 2028 and June 2035.
Under the agreement, LG Energy Solution

On December 1, multiple sources reported that GO Enerji (GOEN) is planning a battery plant in Ankara with LG Energy Solution.
The project will see an initial investment of EUR 45 million. The plant will start production in the second quarter of 2026. Initially, it will have a production capacity of 2.5 GWh. It will c

On November 13, the European Commission approved a new joint venture between Toyota Tsusho America (TAI) from US, part of Toyota Motor Corporation, and LG Energy Solution Michigan (LGESMI), part of LG Chem from Korea.
The joint venture will focus on developing, collecting, and recycling large-scale batteries.
The Com

LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., announced that its battery life management solution, Better.Re, had won a CES 2026 Innovation Award in the Vehicle Tech & Advanced Mobility category from the Consumer Technology Association (CTA). This solution was dev

On November 3, it was reported that NextStar Energy, a joint venture between Stellantis and LG Energy Solution, says it will produce energy storage system (ESS) batteries at its new plant in Windsor, Ontario when production starts in coming weeks, rather than batteries for electric vehicles (EVs) as originally planne

On October 28, 2025, NextStar Energy, a joint venture between LG Energy Solution and Stellantis, announced that it has completed primary construction for its battery plant in Windsor, Ontario, Canada. While minor construction activities continue in certain areas, NextStar Energy has received its occupancy permit for

LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., announced that it has developed a core technology for electrolytes to improve the material’s low-temperature performance and thermal safety simultaneously. This technology for electrolytes uses Allyl Trimethyl Phosphon

According to several South Korean media sources, LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., announced that it has completed the construction of its battery cell plant in Canada and acquired an occupancy permit from a Canadian authority. LG Energy Solution estab

On October 2, LG Energy Solution said it would gradually resume business trips of its employees and subcontractors to the U.S., a day after the country agreed to allow South Koreans to work on equipment at U.S. sites under existing temporary visas.
Business trips will resume after the Chuseok thanksgiving holiday per

On September 30, NextStar Energy, the joint-venture EV battery company owned by Stellantis and LG Energy Solution, announced it has received its Occupancy Permit, marking the official completion of construction of its CAD 5-billion plant in Windsor, Ontario.
Danies Lee, CEO of NextStar Energy, said the plant was “com

On September 11, in his first public comments following the raid by U.S. immigration authorities on a battery plant under construction, Hyundai’s CEO José Muñoz said he was surprised when he heard the news. Munoz said it is typical for an automotive battery plant to employ specialist workers as it is getting off the

On September 11, a plane carrying more than 300 workers from South Korea who were detained during an immigration raid at a Hyundai-LG Energy Solution battery factory under construction in Georgia last week left Atlanta shortly before noon, expected to land in South Korea on Friday afternoon.
The departure had been he

Construction has now been disrupted at multiple LG Energy Solution Ltd. sites across the U.S. while some Korean staff are reported to be balking at assignments, according to people familiar with the matter. After the raid at the Hyundai-LG plant near Savannah, Georgia last week, there are fears of similar crackdowns

Several South Korean media sources reported that that LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., announced that it had developed a technology to significantly shorten the time required to charge lithium metal batteries for electric vehicles (EVs). This technolo

On September 7, U.S. President Trump told international companies they are welcome only if they respect the United States’ immigration rules, after hundreds of South Korean workers were arrested on September 5 at Hyundai’s manufacturing site and battery plant under construction with LG Energy Solution near Savannah,