LG Energy Solution

2025.09.11

05:59

The charter flight to bring back Koreans arrested in the US will depart from the US on the 11th

According to CCTV News, the plane carrying the detained South Korean citizens is scheduled to depart the United States at noon local time on the 11th. On the 4th of this month, US immigration officials conducted a raid on a battery plant jointly operated by Hyundai Motor Group and LG Energy Solution in Georgia, arresting 475 undocumented workers, including over 300 South Korean citizens. Subsequently, South Korea and the US reached an agreement on the voluntary departure of the detained individuals and their return to South Korea on chartered flights. On the 7th, South Korean Consul General in Washington, Cho Ki-jung, stated that the over 300 detained South Korean citizens would be returned to South Korea on a chartered flight as early as the 10th local time. The South Korean Ministry of Foreign Affairs announced on the 10th that the charter flight scheduled to depart that day to repatriate the detained South Korean citizens would be postponed due to certain circumstances on the US side.

2025.09.10

15:28

South Korean charter flight to the US to pick up people delayed due to US reasons

South Korea's Ministry of Foreign Affairs announced on the 10th that a charter flight scheduled to depart that day to repatriate detained South Korean citizens would be postponed due to circumstances on the US side. The South Korean government is coordinating with the US side to expedite the departure of the charter flight. On the 4th, US immigration officials conducted a raid in Georgia on a battery plant jointly operated by Hyundai Motor Group and LG Energy Solution, arresting 475 undocumented workers, including over 300 South Korean citizens. Subsequently, South Korea and the US reached an agreement on the voluntary departure of the detained individuals and their return to South Korea on charter flights. On the 7th, South Korean Consul General in Washington, Cho Ki-joong, announced that the over 300 detained South Korean citizens would be repatriated on a charter flight as early as the 10th local time.

2025.09.09

15:45

Japan speaks out after South Korean employees in the United States were detained: Three Japanese were detained

CCTV reporters learned on the 9th that at least three Japanese citizens were among the 475 people arrested and detained by US law enforcement during a crackdown on illegal immigration at the construction site of a joint battery plant between Hyundai Motor Group and LG Energy Solution in Savannah, Georgia. The Consulate General of Japan in Atlanta stated that it has confirmed that Japanese citizens have been detained by US authorities and is currently handling the matter, but could not disclose specific details, including the number of detainees.

2025.09.06

16:36

LG Energy Solution: Employees on business trips in the United States are asked to return to South Korea immediately or stay at their residence.

16:31

LG Energy Solution: Will send executives to the United States on Sunday in response to the employee arrest.

16:24

LG Energy Solution: 47 employees have been detained in the United States and business travel to the United States has been suspended.

2025.09.05

23:25

US immigration authorities raid Hyundai plant in Georgia, arresting 475 people

U.S. Immigration and Customs Enforcement (ICE), working alongside several federal agencies, conducted a large-scale enforcement operation at a Hyundai Motor plant in Georgia, arresting 475 immigrants suspected of being in the state illegally and working there. The majority of them were South Korean nationals. The raid targeted one of Hyundai Motor's largest investment projects in the state: a $7.6 billion electric vehicle production facility and its battery plant under construction, temporarily halting construction. The U.S. Department of Homeland Security stated that the enforcement action was part of an "ongoing criminal investigation" into illegal employment and other serious federal crimes. South Korea's Ministry of Foreign Affairs dispatched personnel to the site and urged the United States to protect the legitimate rights and interests of South Korean citizens. Hyundai Motor and its partner LG Energy Solution stated that they are fully cooperating with the investigation.

2025.07.30

10:05

LG Energy Solution signs $4.3 billion battery supply agreement with Tesla

South Korean battery manufacturer LG Energy Solution has signed a $4.3 billion contract to supply Tesla with lithium iron phosphate (LFP) batteries for energy storage systems. The person, who requested anonymity because the details are private, said the batteries will be supplied by LG Energy Solution's U.S. factory. LG Energy Solution announced earlier on Wednesday that it had signed a three-year, $4.3 billion global supply contract for LFP batteries, but did not disclose the identity of the client. LG Energy Solution's major customers include Tesla and General Motors. The company did not specify in its announcement whether the LFP batteries would be used in vehicles or energy storage systems. LG Energy Solution said: "According to the agreement, we are unable to disclose the identity of the customer due to confidentiality obligations." Tesla did not immediately respond to a request for comment.

09:30

Sources: LG Energy Solution will supply batteries for energy storage systems to Tesla.

2025.07.25

17:12

LG Energy Solution: Will continue to expand energy storage battery business in North America

LG Energy Solution released its second quarter 2025 financial report on July 25, showing that the consolidated revenue was 5.6 trillion won, a decrease of 11.2% from the previous month; the operating profit was 492.2 billion won, an increase of 31.4% from the previous month. LG Energy Solution said that the company will continue to expand its energy storage battery business in North America, striving to achieve an annual production capacity of more than 30GWh in North America by the end of 2026. In Europe, the company will start mass production of low- and mid-end battery products, such as high-voltage nickel and lithium iron phosphate (LFP) batteries, at its Polish factory in the second half of this year.

2025.05.14

22:06

Will China's energy storage cell exports to the United States benefit from the reduction in tariffs?

On May 12, the "Joint Statement of the Sino-US Geneva Economic and Trade Talks" was released. The US tariffs on Chinese energy storage cells will drop sharply from more than 150% to about 40%. Zhang Jinhui, a senior researcher at Xinrong Information, said: "With a 40.9% tariff, exports may not increase significantly, (but) if you don't buy from China, there is nowhere to buy." According to InfoLink Consulting statistics, the overseas market energy storage cell shipments in 2024 will be 137.3GWh (gigawatt hours). The top five companies in the overseas market are CATL, BYD, EVE Energy, Envision Power and Ruipu Lanjun. In other words, the top five overseas energy storage cells are all Chinese manufacturers. In addition, among the top ten manufacturers in the overseas energy storage cell market, there are 8 Chinese manufacturers, and the other 2 are Korean manufacturers-Samsung SDI (Samsung SDI) ranks sixth and LGES (LG New Energy) ranks ninth.

2025.04.30

16:51

LG Energy Solution to accelerate North American supply chain localization strategy in response to tariff shock

South Korean battery giant LG Energy Solution will accelerate its North American supply chain localization strategy to cope with the tariff impact.

2025.04.29

17:33

LG Energy Solution forms JV with Derichebourg to build battery recycling plant

LG Energy Solution announced on Tuesday that it has established a battery recycling joint venture with French environmental service provider Derichebourg, which will invest in the construction of a battery recycling plant.

2025.03.26

07:58

LG Energy Solution and Delta Electronics collaborate to expand U.S. residential energy storage system market

On March 26, LG Energy Solution announced a strategic partnership with Delta Electronics to expand the U.S. residential energy storage system (ESS) market. According to the statement, LG Energy Solution will supply a total of 4 GWh of residential energy storage system batteries between this year and 2030, enough to power more than 400,000 households per day. LG Energy Solution will produce these batteries in the United States.

2025.03.25

14:07

To strengthen its lithium iron phosphate battery business, LG New Energy introduces former core team of Gateway Power

Due to problems in selecting its technological route, the South Korean lithium battery company's market share has dropped significantly in recent years. The reporter recently exclusively learned that South Korean lithium battery company LG Energy Solution has introduced the core team of the former Jiewei Power, intending to strengthen its shortcomings in the field of lithium iron phosphate batteries. In March this year, the first batch of about 20 former employees of Jiewei Power have joined LG Energy Solution Nanjing Factory, mainly engaged in R&D positions. LG Energy Solution also plans to bring in the second and third batches of former Gateway Power employees, but the specific timetable has not yet been determined. The total size of the three teams is about 200 people. In addition to R&D, they also involve different functions such as production and sales.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Southbound funds saw a significant net inflow of 5.345 billion yuan today. On the Shanghai side of the Hong Kong Stock Connect, Pop Mart and CNOOC saw net inflows of HK$538 million and HK$529 million, respectively, while Hua Hong Semiconductor saw the largest net inflow of HK$356 million. On the Shenzhen side of the Hong Kong Stock Connect, Meituan-W and CNOOC saw net inflows of HK$487 million and HK$451 million, respectively, while Hua Hong Semiconductor saw the largest net inflow of HK$659 million.
                            2025-10-23

                                    Hongxin Electronics: Exclusively provides a full set of circuit board solutions for Xiaomi Iron Egg Robot
                            2025-10-24

                                    The memory chip sector rose again, with Yachuang Electronics rising more than 10%.
                            2025-10-21

                                    Amazon Web Services confirmed that global services and features dependent on the US East Region 1 have been restored.
                            2025-10-20

                                    Market news: Amid concerns about an AI bubble, the Bank of England is investigating data center lending.
                            2025-10-24