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December 20, 2023
French business tycoons visit Korea to meet with KCCI
...s and government officials from the two nations, the business roundtable discussed strategic partnerships in the energy and technology sectors. The top executives from Samsung Electronics, SK Group, LG Electronics, Kia as well as Accor Group, Air Liquide and JCDecaux joined the event. ...
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December 19, 2023
LG Innotek develops wireless battery management system for EVs
LG Innotek said Monday it has developed a wireless battery management system, or BMS, for electric vehicles that significantly improved battery performance. The BMS is an essential EV component that...ment stage. Therefore, a customer is not required to run a separate technical test afte...
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December 19, 2023
LG Electronics to showcase next-gen transparent antenna for cars
LG Electronics said Monday it will unveil its next-generation transparent antenna that will enhance telecommunication for cars at the upcoming CES 2024, slated for January in Las Vegas. The film-typ...tions performance for automotive applications via vehicle tests,” said Eun Seok-hyun, ...
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December 19, 2023
Overseas construction orders to exceed $30b for fourth year
...Some of the notable deals include Samsung C&T's $4.7 billion order for Samsung Electronics' semiconductor plant in Texas, the $1.2 billion joint battery plant project between Hyundai Engineering and LG Energy Solution, and another $1.75 billion battery plant project between Hyundai Engi...
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December 18, 2023
LG donates W12b to support neighbors in need
LG Group said Sunday that it has donated a total of 12 billion won ($9.24 million) to Community Chest of Korea, a local charity organization, as part of its year-end charitable giving. The ceremony ...added. LG Uplus created and delivered packages containing groceries to older...
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December 18, 2023
[Herald Interview] Group 14, SK Materials to operate Asia’s largest silicon plant for EVs
... pointed out that three of the five largest battery manufacturers in the world are Korean firms -- LG Energy Solution, Samsung SDI and SK On. “So we secured further intellectual property protection -...ill certainly be happy to partner with both strategic partners and customers with S...
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December 17, 2023
Korean battery, clean energy firms expected to benefit from US tax incentives
...greatly benefit from the tax credits. Section 45X consists of a $35 tax credit per one kilowatt-hour of a battery cell and a $10 tax credit per one kWh of a battery module. Korean battery makers -- LG Energy Solution, SK On and Samsung SDI -- are expected to be eligible for these tax c...
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December 15, 2023
[Herald Interview] SES AI bolsters battery partnership with Hyundai Motor on EV, UAM
...ace for securing future battery technology including lithium-metal and lithium-silicon batteries. LG Energy Solution, for example, recently secured a lithium-metal battery technology using a borate-p... the first time. “At this moment, our batteries are at a more advanced stage of de...
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December 13, 2023
Germany’s lukewarm EV sales alarm Korean battery makers
...ar sales slump in Germany, which took up 32 percent market share in Europe last year, is a signal that shows the whole region is beginning to see a slowdown in EV demand. Korean battery makers like LG Energy Solution, Samsung SDI and SK On, who either operate or are setting up producti...
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December 12, 2023
LG Uplus, Toyota team up to extend EV charginbg network
Toyota Motor Korea and LG Uplus, the nation’s main telecommunications carrier, have joined hands to build an electric vehicle charging network in line with the electrification megatrend, the companie... Voltup to the automaker. Launched last year, Voltup is an independent EV charger bus...
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December 12, 2023
LG Innotek to showcase mobility, AI tech at CES
LG Innotek said Monday that it will double the size of its exhibition booth compared to last year at the annual CES tech show held in Las Vegas in January to showcase its latest mobility and artifici...ished customer value through foundational technologies and breakthroughs in mobility an...
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December 10, 2023
LG Energy Solution to supply EV battery modules to Poland's ICPT
LG Energy Solution said Friday that it has signed an agreement with Impact Clean Power Technology, a leading Polish battery systems manufacturer, ramping up its foray into the European market for com...ng forward, we will continue to deliver world-class customer value,” said Hong Seung-t...
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December 08, 2023
Samsung SDI renews push for all-solid-state batteries
...The team represents the company’s strong commitment to move up the schedule for commercial production (of the batteries) faster than 2027,” said an official from Samsung SDI. Compared to its rivals LG Energy Solution and SK On, Samsung SDI has been at the forefront of the all-solid-s...
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December 08, 2023
LG H&H sales up 294% in half year on Japan's Qoo10
South Korean beauty giant LG Household & Health Care said Thursday that its sales on Japan's Qoo10 posted record growth of nearly 300 percent after its debut on the country's leading online marketpla...dubbed the "megawari" event in Japanese. Based on sales for the November event that en...
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December 08, 2023
LG wins SOAFEE board membership to join Arm, Bosch
LG Electronics said Thursday it has become the ninth governing body member of the Scalable Open Architecture for Embedded Edge, also known as SOAFEE, opening up opportunities in the future mobility i...s working together to build a cloud-native architecture for software-defined vehicles. ...
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December 08, 2023
LG's new research promises potential for 900km-range EVs
LG Energy Solutions and the nation's top-ranked Korea Advanced Institute of Science and Technology have made a significant discovery in lithium metal battery technology, as revealed in a research pap...oration that began over two years ago at the Frontier Research Laboratory, a joint vent...
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December 07, 2023
Posco Future M to supply battery materials for LG-GM’s JV in US
Posco Future M said Wednesday its Pohang plant in North Gyeongsang Province had started the supply of high-nickel cathode materials to the US-based Ultium Cells, the joint venture of LG Energy Solution and General Motors. Following its manufacturing plant in Gwangyang, South Jeolla Provi...
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December 07, 2023
LG Display launches voluntary redundancy program in efficiency drive
LG Display, the top display maker in producing high-end organic light-emitting diode panels for TVs, has launched a voluntary redundancy program for its factory workers in its latest bid to reduce co...in the market. Jeong is an LG veteran who has served various positions at
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December 06, 2023
[KH Explains] China ups OLED ante to take over Korean shares
...acker, Samsung took the world's biggest share in OLED panels with 62.8 percent by value last year. LG Display was the runner-up with 19.7 percent, while BOE stood in third with 8.6 percent. Chinese f...ld's leading smartphone maker, requires a total of 10 million OLED panels for its iP...
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December 05, 2023
[KH Explains] Why tighter US subsidy rules could boost Chinese firms
...int ventures. Most of their Chinese counterparts hold shares of close to or more than 50 percent. LG Chem, which operates a battery materials business, and China-based Huayou Cobalt control 51 percen... To make EVs using the joint venture’s battery materials that qualify for the subsi...