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LG Energy Solution continued its strong performance in the second quarter of this year with its operating profit doubled from the same period last year, according to the battery maker, Friday. The company has been enjoying the growth of the global electric vehicle (EV) market and tax credits provided by the U.S. Inflation Reduction Act (IRA) that subsidizes eco-friendly vehicles.

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General Motors and LG Energy Solution are extending their 14-year battery technology partnership to include prismatic cell development. GM expects the prismatic cell technology developed under the agreement to power future GM electric vehicles, as part of the company’s strategy to diversify its supply chain, leveraging multiple chemistries and form factors. GM will continue to […]

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South Korean battery manufacturer LG Energy Solution presented its latest innovations at the Smarter E event in Munich last week. It also announced its transition from nickel-manganese-cobalt (NMC) battery chemistry to lithium iron phosphate (LFP) in its future products.

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LG Energy Solution (LGES) has been making efforts for fair competition in the global battery industry by establishing a fair patent licensing market, the leading battery manufacturer in Korea said Thursday.