REPORT: NISSAN IN TALKS OEVR EV BATTERY FACTORY IN UNITED KINGDOM

Highlights:

• Nissan is in talks over the production of an electric car battery factory in United Kingdom
• The discussions have been part of a plan for making Sunderland, the largest high-volume EV site outside Japan

According to a repo...

LG CHEM’S NET PROFIT INCREASED TO $1.2 BILLION IN Q1

Highlights –

• LG Chem’s net profit increased to $1.2 billion in Q1.
• In Q1 the company’s operating profit jumped 584 percent on-year to 1.4 trillion won.
• LG Energy Solution Ltd. reported 4.2 trillion won in sales and 341.2 b...

LG ENERGY & SK INNOVATION’S STOCKS GAINED AFTER EV BATTERY SETTLEMENT

Highlights –

• LG Energy & SK Innovation’s stocks gained after EV battery settlement.
• SK Innovation agreed to pay $1.78 billion to LG Energy under the settlement.
• LG Chem stocks gained 0.62 percent to 817,000 won on Monday tra...

S. KOREA’S 3 EV BATTERY MAKERS SAW GLOBAL MARKET SHARES FALL

Highlights –

• S. Korea’s 3 EV battery makers saw global market shares fall.
• LG Energy Solution Ltd. global market share slipped to 19.2 percent.
• SK Innovation Co. global market share fell to 5 percent.
• Samsung SDI Co.&...

LG CHEM REPORTS ITS NET PROFIT FROM Q4 2020 TO BE $54.9 MILLION

Highlights –

• LG Chem reports its net profit from Q4 2020 to be $54.9 million.
• The net profit was supposedly due to robust sales of petrochemical and EV battery products.
• For the whole of 2020, the net profit jumped 188.9 percent.
...

TESLA MULLING OVER STAKE IN LG TO MOBILIZE BATTERY SUPPLY FOR EV’S

• Tesla is looking to gain a chunk of LG Energy Solution, soon to be separated by LG Chem, to procure a stable supply of batteries as told by reliable sources.
• Tesla is thinking proactively to acquire a stake in LG Energy Solution.

Specifically, Tesla is said to...

LG CHEM BATTERY PROJECT TO COIN OFFSHOOT LG ENERGY SOLUTION

• LG Chem said Thursday it had approved the split-up off its globally leading battery business to establish a wholly owned battery subsidiary and ramp up investments through a public listing in the future.
• In a board meeting convened Thursday, LG Chem decided to split-up the batt...