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LG Chem, Ltd. (051910.KS)

KSE - KSE Delayed Price. Currency in KRW
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842,000.00+7,000.00 (+0.84%)
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  • LG Chem profit surges on pandemic demand, EV battery sales improve
    Reuters

    LG Chem profit surges on pandemic demand, EV battery sales improve

    SEOUL (Reuters) -South Korea's LG Chem Ltd on Thursday posted a four-fold surge in quarterly profit on pandemic-led demand for its chemicals used in making electronic products such as laptops and TVs, and said sales of batteries used in electric vehicles were improving. The company's LG Energy Solution business, a supplier of batteries used in EVs made by General Motors Co and Tesla Inc, has thrived on growing demand for such cars in Europe and the United States. "We are seeing gradual increases in our cylindrical battery shipments and we expect to see continuous growth as the global EV demand continues to grow," Chief Financial Officer Cha Dong-seok said during an earnings briefing on Thursday.

  • Reuters

    UPDATE 2-LG Chem profit surges on pandemic demand, EV battery sales improve

    South Korea's LG Chem Ltd on Thursday posted a four-fold surge in quarterly profit on pandemic-led demand for its chemicals used in making electronic products such as laptops and TVs, and said sales of batteries used in electric vehicles were improving. The company's LG Energy Solution business, a supplier of batteries used in EVs made by General Motors Co and Tesla Inc, has thrived on growing demand for such cars in Europe and the United States.

  • Hyundai Motor, LG's battery unit to invest $1 billion in EV partnership
    Reuters

    Hyundai Motor, LG's battery unit to invest $1 billion in EV partnership

    The JV will help Hyundai Motor Co and its sister company Kia Corp secure a stable supply of EV batteries at a competitive price for their battery electric vehicles. LG Energy Solution (LGES), the wholly owned battery subsidiary of LG Chem Ltd, and Hyundai signed a memorandum of understanding with the Indonesian government to build the plant in the country, the companies said in a joint statement on Thursday.