As with most industries treated favorably in the Inflation Reduction Act (IRA) of 2022, the domestic energy storage market ...

Crackle, crackle.” On the 19th of last month in Bac Giang City, 50 km northeast of Hanoi, Vietnam’s capital. At Seojin System’s Factory 4, two robotic arms tirelessly moved back and forth across the ...

LG Energy Solution is restructuring the production portfolio of its local joint venture plants in North America in response to the slowdown in electric vehicle demand in the region. The company is ...

LG Energy Solution announced on the 1st that it has begun large-scale production of lithium iron phosphate (LFP) batteries for energy storage systems (ESS) at its factory in Holland, Michigan. Among ...

NextStar Energy Inc, a Canadian battery manufacturing joint venture between Stellantis and South Korea’s LG Energy Solution, is switching some of its production capacity to lithium-iron-phosphate (LFP ...

Demand for LFP batteries, favored for cost and stability advantages, is accelerating in the ESS sector. The International Energy Agency (IEA) estimated LFP accounted for 80% of ESS batteries in 2023.

LG Energy Solution has established a production line for LFP (lithium iron phosphate) batteries for energy storage systems (ESS) at its Ochang plant in Cheongju, North Chungcheong Province, and has ...

SEOUL, South Korea, March 24, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery ...