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, […]
After recent reports of LG Chem Ltd tripling its battery production, investors are beginning to notice the electric vehicle (EV) battery supplier, among other, similar companies, as well as the growing need for batteries to keep up with the supply of new EVs hitting the streets. Now, according to Bloomberg, as battery suppliers like LG […]
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 […]