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...

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...