|Bid||821,000.00 x 0|
|Ask||822,000.00 x 0|
|Day's Range||807,000.00 - 826,000.00|
|52 Week Range||486,000.00 - 1,050,000.00|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul. 29, 2021 - Aug. 02, 2021|
|Forward Dividend & Yield||10,000.00 (1.24%)|
|Ex-Dividend Date||Dec. 29, 2020|
|1y Target Est||453,379.00|
South Korea's battery maker LG Energy Solution Ltd has applied for preliminary approval for an initial public offering, Korea Exchange said on Tuesday. The South Korean electric vehicle (EV) battery maker, wholly owned by LG Chem Ltd, was separated from LG Chem last year. LG Energy Solution is one of the world's top EV battery makers, supplying Tesla Inc and General Motors Co .
General Motors Co said on Tuesday the United Auto Workers union is "well positioned" to represent more than 2,300 workers at new U.S. joint venture battery plants with Korea's LG Chem. The UAW said it looks forward to starting discussions with GM on the "joint venture to produce batteries in Ohio and Tennessee so workers will have a voice at the table in order to create good paying union jobs and benefits.” The UAW wants U.S. automakers to recognize the union at joint-venture battery facilities.
State-owned Indonesia Battery Corporation (IBC) and South Korea's LG will build a new battery plant worth $1.2 billion with the capacity of 10 gigawatt hours (GWh), Indonesia's investment minister said on Monday. The plant, part of a bigger $9.8 billion electric vehicle deal between LG and Indonesia signed last year, will be built in the city of Bekasi, on the eastern border of the capital Jakarta. Investment Minister Bahlil Lahadalia in a statement did not specify a timeframe but said the factory would be built "in the near future".