LG Energy Solution flags 1st quarter operating loss on weak EV demand
LGES, which supplies Tesla, General ​Motors and Hyundai Motor among others, has been grappling with weaker EV battery demand, with one of its ​major customers, GM, idling a Detroit EV plant until ⁠April .
https://www.cbc.ca/news/canada/windsor/nextstars-south-korean-parent-company-flags-1st-quarter-operating-loss-on-weak-ev-demand-9.7154464?cmp=rss
NextStar Energy’s parent company flags 1st quarter operating loss on weak EV demand
LGES, which supplies Tesla, General ​Motors and Hyundai Motor among others, has been grappling with weaker EV battery demand, with one of its ​major customers, GM, idling a Detroit EV plant until ⁠April .
https://www.cbc.ca/news/canada/windsor/nextstars-south-korean-parent-company-flags-1st-quarter-operating-loss-on-weak-ev-demand-9.7154464?cmp=rss

Akira claims it breached LG Energy Solution, exfiltrating 1.67 TB of internal corporate data, SQL databases, confidential projects, NDAs, and passport/visa information. Verification is pending.

Full breakdown:
https://www.technadu.com/lg-energy-solution-data-breach-may-have-exposed-1-7tb-of-employee-records-and-sql-data/613871/

#CyberSecurity #LGES #AkiraRansomware #ThreatIntel #DataLeak #ManufacturingSecurity

LG Energy Solution is back in the game with a 152% Q2 profit boost, thanks to smart localization in the U.S., LFP battery expansion, and a massive EV deal with Chery Auto. While rivals struggle, LGES is leading the EV battery race.

#LGES #BatteryBoom #EVbatteries #LFPtech #GreenEnergy #ElectricVehicles #TechRebound #TeslaCompetitor #EnergyStorage #TECHi

Read Full Article Here :- https://www.techi.com/lg-energy-solution-q2-2025-profit-growth-lfp-battery-leadership/

that special tech-savvy mom in your life. #technews #businessnews #LGES #Microsoft #MothersDay [2/2]
LG Energy Solution and Stellantis to invest $4.1B in Lithium Ion Battery Plant in Canada

LG Energy Solution (LGES) and Stellantis entered into a joint venture to invest more than CAD$5 billion (US$4.1 billion) into a large-scale lithium-ion battery production facility in Canada.  The Canada-based battery plant will be built in Windsor, Ontario. LGES and Stellantis are expected to start plant construction later this year and start operations by the …

TESLARATI
Tesla battery supplier LGES confirms 4680 cell development, posts $3B revenue for Q4 2021

https://www.teslarati.com/tesla-lg-energy-solution-4680-battery-cell-program-update/

#LGEnergySolution #Tesla4680cell #Featured #Tesla #News #LGES
Tesla battery supplier LGES confirms 4680 cell development, posts $3B revenue for Q4 2021

LGES told Teslarati that it is working to diversify its cylindrical battery lineup and is developing 4680 batteries. The battery manufacturer did not disclose any client-related matters, specifically regarding 4680 batteries. However, the Korean battery supplier is a confirmed Tesla partner.  LGES reported a quarterly revenue of KRW 4.44 trillion ($3 billion), up 10.2% from the previous …

TESLARATI