Yonhap Infomax NewsDec 26
LG Energy Solution has terminated a $3 billion EV battery supply contract with US-based FBPS following the partner’s exit from the battery business, marking over $10 billion in canceled orders this month and intensifying concerns about weakening North American EV demand.
#YonhapInfomax #LGEnergySolution #FBPS #BatterySupplyContract #EVDemand #ContractCancellation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97299
Yonhap Infomax NewsDec 26
LG Energy Solution has mutually terminated a $3 billion electric vehicle battery supply contract with US-based FBPS after the latter's exit from the battery business, impacting 11.6% of LGES's 2023 revenue.
#YonhapInfomax #LGEnergySolution #FBPS #BatterySupplyContract #ContractTermination #RevenueImpact #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97294
LG Energy Solution Terminates $3 Billion Battery Supply Deal with US Manufacturer FBPS

LG Energy Solution has mutually terminated a $3 billion electric vehicle battery supply contract with US-based FBPS after the latter's exit from the battery business, impacting 11.6% of LGES's 2023 revenue.

Yonhap Infomax