lg chem ltd

LG Chem to Supply Batteries for Tesla Model Y in China

Tesla has been working closely with LG Chem Ltd, even expressing interest in owning a small portion of the company’s stake. As LG Chem Ltd, and other companies, to be sure, provide the battery supply needs to electric vehicle (EV) companies moving forward, it will be interesting to see which batteries land where. On Sunday, […]

Tesla Battery Suppliers See Shares Drop After Battery Day

According to Yahoo Finance, on Wednesday, the day after automaker Tesla (TSLA) shared its plan to cut the cost of batteries in half at its Battery Day event, the stocks of battery makers LG Chem Ltd (OTC: LGCLF) and Panasonic (OTC: PCRFY) fell 4.5% and 4%, respectively. Alongside Tesla CEO Elon Musk’s announcement that it […]