Heejin Kim and Shinhye Kang

Business, Technology, Fuel

LG Plans Battery Plants for Canada, Arizona

Stellantis and LG logos Stellantis by Carlos Osorio, AP; LG by SeongJoon Cho/Bloomberg

LG Energy Solution will invest around $2 billion on increasing output in North America as the South Korean battery maker ramps up production to meet rising demand for electric cars.

March 23, 2022
Business, Technology, Fuel, Autonomous

LG Energy Seeks Up to $10.8 Billion in Record IPO

LG battery cell An LG Energy Solution Co. battery cell for electric vehicles. (SeongJoon Cho/Bloomberg)

LG Energy Solution plans to raise as much as $10.8 billion in what would be South Korea’s biggest-ever initial public offering, defying concerns over fires involving its batteries that led to a mass recall of Chevrolet Bolt electric vehicles.

December 7, 2021