A class action suit filed in California alleges LG Electronics USA, Inc. sold gas range stoves in the United States without properly notifying customers of toxic emissions prior to their purchases. The suit comes as the industry faces attacks and efficiency proposals by the Biden administration that would remove up to half the current gas range…

WASHINGTON—The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co. and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing facilities. Reuters first reported in July the planned loan to Ultium Cells LLC from the government’s Advanced Technology…

WASHINGTON—General Motors Co. and LG Energy Solution Ltd said Friday they are investing another $275 million in their Tennessee joint venture battery cell plant to increase production by more than 40 percent. The new investment in the Ultium Cells Spring Hill plant will boost battery output from an annual capacity of 35 gigawatt-hours to 50…

COLUMBUS, Ohio—Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and hire 2,200 people to staff it as the company starts to turn the state into its North American electric vehicle hub. Honda, which announced its first Ohio factory 45 years ago, also plans to invest $700 million and…

WASHINGTON—General Motors Co. and LG Energy Solution are considering a site in Indiana for a fourth U.S. battery cell manufacturing plant, a spokeswoman for the companies’ joint venture said on Thursday. Ultium Cells LLC “is developing a competitive business case for a potential large investment that could be located in New Carlisle, Indiana,” she said,…

SEOUL—South Korean battery maker LG Energy Solution Ltd. (LGES), a major supplier to U.S. carmakers including Tesla, is reassessing a $1.3 billion investment plan for an Arizona factory citing “unprecedented” economic conditions. News that South Korea’s biggest battery maker is reviewing the plan, unveiled only three months ago, knocked LGES shares down 4.6 percent on…

South Korea’s major industries are experiencing supply disruptions in core components as the pandemic lockdowns in China show no end in sight. With the country’s high dependence on Chinese imports, any disruption in the supply chain would threaten the South Korean economy, according to a recent study. Under the severe disruptions to the Chinese supply…

New Analysis Faced with rising raw material costs and poor logistics, major South Korean firms have accelerated their expansion of production bases worldwide to reduce over-reliance on China. Korean conglomerates such as Samsung, SK Group, Hyundai Motor, Posco, and Lotte have put forward their measures to address the pressures facing the global supply chain. The…

SEOUL—Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8 percent in 2022, forecasting a pick-up in demand for electric vehicle (EV) batteries as a global chip shortage eases later this year. The newly listed South Korean firm, which accounts for a fifth of the global EV…

LG Display Co. Ltd. reported fourth-quarter FY21 revenue growth of 18 percent year-on-year to KRW 8.81 trillion. The ASP rose 2 percent Y/Y to $806. The display area shipment rose 8 percent Y/Y to 9.4 M m². The capacity rose 7.4 percent Y/Y to 11.6 M m². The gross margin contracted 360 bps to 14.9 percent….