LG Energy Solution and Hyundai are collaborating on a battery plant site where both companies operate facilities.

The entities involved

• LG Energy Solution →

  South Korean battery maker

  • Market declines hit Seoul chipmakers and Nasdaq dropped following Meta and Tesla earnings reports.Fri 07:19
  • Lordstown is facing corporate challenges, including corporate layoffs leading to a shrinking tax base, while General Motors and LG Energy Solution co-own the Ultium battery cell plant.Tue 02:00
• Hyundai →

  multinational conglomerate headquartered in Seoul

  • Hyundai is losing market share to Maruti Suzuki and Mahindra & Mahindra due to slower product launches and increased competition.Sat 08:26
  • Hyundai's Victoris sales placed second behind Maruti Suzuki's Creta in recent sales rankings.Sat 08:26

Related events

• LG Energy Solution reported strong revenue fueled by increased EV battery shipments and expanding ESS business across Europe and North America.Oct 8
• LG Group affiliates, including LG Energy Solution, LG Electronics, and LG Innotek, are providing components.Oct 6