051910.KS - LG Chem, Ltd.

KSE - KSE Delayed Price. Currency in KRW
366,500.00
-3,500.00 (-0.95%)
As of 12:50PM KST. Market open.
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Previous Close370,000.00
Open369,500.00
Bid366,000.00 x 0
Ask366,500.00 x 0
Day's Range365,000.00 - 371,500.00
52 Week Range302,000.00 - 447,500.00
Volume80,396
Avg. Volume207,155
Market Cap26.854T
Beta (3Y Monthly)0.72
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateJan 30, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-12-27
1y Target Est453,379.00
  • Reuters6 days ago

    Ford and IBM among quartet in Congo cobalt blockchain project

    Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Companies are under pressure from consumers and investors to prove that minerals are sourced without human rights abuses, but tracking raw materials throughout their journey is challenging.

  • Reuters12 days ago

    LG Chem to spend $1.07 billion on expanding battery plants in China

    SEOUL (Reuters) - South Korea's LG Chem said on Thursday that it plans to invest a total of 1.2 trillion won ($1.07 billion) to expand its two battery plants in China by 2020 in a bid to meet rising global ...

  • Reuters12 days ago

    LG Chem to spend $1.07 billion on expanding battery plants in China

    South Korea's LG Chem said on Thursday that it plans to invest a total of 1.2 trillion won ($1.07 billion) to expand its two battery plants in China by 2020 in a bid to meet rising global demand. Under the investment plan, LG Chem will spend 600 billion won each at an electric vehicle battery plant and a small-sized battery plant in Nanjing, the company said in a statement. Last year, the South Korean battery maker announced a plan to invest about 2 trillion won to build a second electric car battery plant by 2023 in Nanjing.

  • Reuters26 days ago

    South Korea's SK Innovation bets on Europe, China electric vehicle demand

    South Korea's SK Innovation , a supplier of electric vehicle (EV) batteries to Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE), aims to boost production capacity more than tenfold by 2022, betting on global demand. The company expects the battery business to break even in 2020, a senior manager said at a news conference on Wednesday at the company's plant in Seosan, a three-hour drive from Seoul. The outlook comes days after Mercedes maker Daimler said it would buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles.

  • Reuterslast month

    Recharge - LG and Samsung take heart as China flags more open car battery market

    SEOUL/BEIJING (Reuters) - For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd , the Chinese market has begun to offer promise after painful loss-making investments. The reason for their hardship: a government list of recommended battery suppliers published three years ago that became linked to generous car subsidies and did not include foreign firms. Since then, Chinese rivals led by Contemporary Amperex Technology (CATL) and BYD Co Ltd (1211.HK) have virtually locked up the world's biggest market for electric vehicle batteries.

  • Recharge: LG and Samsung take heart as China flags more open car battery market
    Reuterslast month

    Recharge: LG and Samsung take heart as China flags more open car battery market

    SEOUL/BEIJING (Reuters) - For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd , the Chinese market has begun to offer promise after painful loss-making investments. The reason for their hardship: a government list of recommended battery suppliers published three years ago that became linked to generous car subsidies and did not include foreign firms. Since then, Chinese rivals led by Contemporary Amperex Technology (CATL) and BYD Co Ltd (1211.HK) have virtually locked up the world's biggest market for electric vehicle batteries.

  • Reuterslast month

    Australia's Kidman Resources, LG Chem ink lithium hydroxide deal

    Australia's Kidman Resources has signed a preliminary deal to supply lithium hydroxide to LG Chem Ltd of South Korea, Kidman said on Wednesday, as suppliers to the electric vehicle industry rush to secure raw materials for a boom in demand. Kidman will supply 12,000 tonnes of lithium hydroxide a year to the diversified chemicals company for 10 years. Australia is shaping up as a top supplier of lithium and other minerals for electric vehicle batteries and two major new lithium hydroxide plants are due to come on line next year.

  • Reuterslast month

    Dutch start-up Lithium Werks considering European battery plant

    Dutch start-up Lithium Werks BV is considering Poland and other European countries for a storage battery plant alongside the 1.6 billion euro ($1.8 billion) one it plans to build in China, founder Kees Koolen told Reuters on Monday. Asian players such as CATL, Samsung and LG Chem have taken a lead in the market by locking in supply deals with manufacturers of electric cars, leaving Europe scrambling to catch up. Sweden's Northvolt is aiming to build Europe's biggest battery cell plant in its home market and said earlier this year it had also partnered with South Bay Solutions, a supplier of U.S. electric carmaker Tesla, to jointly set up a plant in Gdansk in Poland.

  • Reuterslast month

    Daimler to buy £18 billion of battery cells for electric car drive

    Daimler (DAIGn.DE) will buy battery cells worth more than 20 billion euros (18 billion pounds) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday. The company is one of a number of German automakers massively expanding in electric vehicles as European regulators clamp down on toxic diesel emissions. "With extensive orders for battery cells until the year 2030, we set another important milestone for the electrification of our future electric vehicles," Wilko Stark, who oversees procurement and supplier quality on the board of Mercedes-Benz Cars, said in a statement.

  • Reuters2 months ago

    South Korea's SK Innovation to build its first U.S. EV battery plant

    South Korea's SK Innovation said on Monday it will spend 1.14 trillion won ($1.01 billion) to build its first electric vehicle (EV) battery plant in the United States to better compete in the global EV battery market. SK Innovation will begin construction in the southeast U.S. state of Georgia in early 2019, with production targeted for 2022, the company said in a statement. Last month, SK Innovation said it was considering building an EV battery plant in the United States to win customers in one of the world's top markets for electric vehicles.

  • Reuters2 months ago

    VW embarks on $50 billion electrification plan

    Volkswagen (VOWG_p.DE) expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday. VW will spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023 and explore further areas of cooperation with U.S. automaker Ford. Diess said he hoped to have an outline agreement on cooperation with Ford fleshed out by the end of the year, with the initial focus on commercial vehicles.

  • VW embarks on $50 billion electrification plan
    Reuters2 months ago

    VW embarks on $50 billion electrification plan

    Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday. VW will spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023 and explore further areas of cooperation with U.S. automaker Ford. Diess said he hoped to have an outline agreement on cooperation with Ford fleshed out by the end of the year, with the initial focus on commercial vehicles.

  • Reuters2 months ago

    Volkswagen open to joining German battery cell consortium - source

    FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) is open to joining a German consortium exploring production of electric car battery cells and will discuss the matter at a supervisory board meeting on Friday, ...

  • Reuters2 months ago

    Factbox: Plans for electric vehicle battery production in Europe

    The Swedish company, headed by a former Tesla executive, aims to build Europe's biggest lithium-ion battery factory, producing 32 gigawatt hours (GWh) of battery cells a year by 2023, rivalling Tesla's U.S. "gigafactory". It has partnered with German carmaker BMW ahead of plans to raise 1.5 billion euros in debt and equity to build an initial 8 GWh of capacity and has asked for a 400 million euro loan from the European Investment Bank.

  • Reuters2 months ago

    Insight: Stung by Asian dominance, Germany pours cash into EV battery ventures

    Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters. The measures, expected to be announced next week, are designed to reduce the dependence of German carmakers on Asian electric vehicle (EV) battery suppliers and protect German jobs at risk from the shift away from combustion engines. Berlin's push to shape industrial policy marks a break with its generally "hands off" approach to business decisions and is part of European efforts to forge battery alliances to counter the dominance of Chinese, Japanese and Korean firms.

  • Reuters3 months ago

    Audi's electric SUV faces four-week delay because of software bug

    FRANKFURT/SEOUL (Reuters) - Audi's first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday. The spokesman said Audi's e-tron midsize SUV faced delay because the carmaker needs new regulatory clearance for a piece of software that was modified during the development process. Audi staged a global launch of the e-tron in San Francisco last month as part of its effort to expand the market for premium electric vehicles and grab a share from California-based Tesla, which has had the niche largely to itself.

  • Audi's electric SUV faces four-week delay because of software bug
    Reuters3 months ago

    Audi's electric SUV faces four-week delay because of software bug

    FRANKFURT/SEOUL (Reuters) - Audi's first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday. The spokesman said Audi's e-tron midsize SUV faced delay because the carmaker needs new regulatory clearance for a piece of software that was modified during the development process. Audi staged a global launch of the e-tron in San Francisco last month as part of its effort to expand the market for premium electric vehicles and grab a share from California-based Tesla, which has had the niche largely to itself.

  • VW's Porsche expects to repeat record vehicle sales this year
    Reuters3 months ago

    VW's Porsche expects to repeat record vehicle sales this year

    Volkswagen's (VOWG_p.DE) Porsche brand does not need a stock market listing to fund growth, Chief Executive Oliver Blume said, adding he is confident the maker of the iconic 911 sportscar can repeat last year's record sales in 2018. Porsche sold 196,562 vehicles during the first nine months of the year, with Europe showing a 9 percent increase and China, the world's largest car market, growing by 4 percent. "In the light of these good numbers we expect that we can reach last year's record again," Blume said in e-mailed comments on Thursday.

  • Reuters3 months ago

    Sweden's Northvolt lands BMW deal in boost before fund raising

    Sweden's Northvolt has secured a partnership with German carmaker BMW and is seeking more funds from the European Investment Bank (EIB) to help its plans to build Europe's largest battery factory. The firm's new plant is seen as central to Europe's effort to compete with Asian rivals such as CATL, Samsung and LG Chem, which have gained a lead in the battery market by locking in supply deals with carmakers. Northvolt said on Monday it had teamed up with BMW and Belgian materials and recycling firm Umicore to design and commercialise a process that would give vehicle batteries a second lease of life as storage products before recycling them.

  • Reuters3 months ago

    BMW teams up with Sweden's Northvolt, Umicore for electric car batteries

    German carmaker BMW has created a vehicle battery recycling venture with Belgian materials and recycling firm Umicore and Northvolt, which is building a battery factory in Sweden. European governments want to encourage the domestic battery industry to rival Asian players such as BYD, CATL , Samsung and LG Chem, which are building a dominant position. BMW, which has supply deals with Samsung and CATL, said it could source batteries from Northvolt in future but said it was too early to sign any deal with the firm, which is building a plant that aims to produce 32 gigawatt hours (GWh) of battery capacity a year by 2023.

  • Reuters4 months ago

    LG Chem to supply EV batteries to Volkswagen from late 2019

    SEOUL (Reuters) - South Korea's LG Chem said on Thursday that it has secured orders to supply electric vehicle batteries for Volkswagen (VOWG_p.DE) starting late 2019. It did not disclose the size of the ...

  • Reuters4 months ago

    LG Chem to supply EV batteries to Volkswagen from late 2019

    South Korea's LG Chem said on Thursday that it has secured orders to supply electric vehicle batteries for Volkswagen starting late 2019. It did not disclose the size of the deal, saying the volume and ...

  • Oilprice.com4 months ago

    This Car Maker Is About To Launch Europe’s Largest Energy Storage Project

    Auto maker Renault is set to launch a mass scale energy storage project across three different locations, making it the largest energy storage project ever to be built in Europe