LG Energy Solution's shares slumped Thursday after Ford Motor cancelled an estimated $6.5 billion contract to purchase electric-vehicle batteries from the company.
Ford notified LG of the canceled order on Wednesday, the South Korean company said in a regulatory filing in Seoul ...
Once operational, Mallard will provide critical flexibility and resilience to the ERCOT system by responding to rapid grid fluctuations, supporting renewable generation, and participating in key ...
Yashraj Khaitan, founder and CEO of Polaris, says the company aims to double its nearly 10% market share in the Indian smart ...
Shares of LG Energy Solution dropped as much as 7.6% in morning trade on Thursday after the company announced a day ...
Shares of LG Energy Solution (LGES) fell sharply in early Thursday trading, dropping as much as 7.6%, after the South Korean ...
In its statement about shifting away from EVs, Ford (F) also revealed plans to repurpose existing U.S. battery manufacturing ...
The oil and gas equipment and services sector, which supplies critical technology, machinery, and support to companies ...
Plus, 16 states sue the Trump administration for freezing EV charging funds and Scout Motors gets license to sell directly to ...
Energy officials and installation leadership gathered at Fort Hood on Dec. 15 to mark an important milestone for the ...
Korea JoongAng Daily on MSN
Ford cancels $6.5 billion EV battery supply deal with LG Energy Solution
LG Energy Solution Ltd. said Wednesday it has been notified of the cancellation of a 9.6 trillion-won ($6.5 billion) battery supply order from Ford Motor Co. signed last year.
The news also follows a similar development between Ford ( F) and SK On to terminate its $11.4B BlueOval joint venture to ...
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