|Bid||385,000.00 x 0|
|Ask||385,500.00 x 0|
|Day's Range||382,500.00 - 392,000.00|
|52 Week Range||235,500.00 - 456,000.00|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||10,050.00 (2.66%)|
|Ex-Dividend Date||Dec 28, 2022|
|1y Target Est||N/A|
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LG Chem today announced its business strategy to leap up to become a top global battery materials company and its plans for its three new growth engines by 2030.
In this article, we will take a look at the 16 best places to live in Tennessee for retirees. If you want to see more places in this selection, go to the 5 Best Places to Live in Tennessee for Retirees. According to the Missouri Economic Research and Information Center (MERIC), Tennessee is the tenth […]
Elon Musk highlights a challenge facing the EV battery market — a need for more lithium refineries. Some experts, however, expect this market will look like most commodities markets in a decade.
LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market.
LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market as demand for electric vehicles (EVs) continues to rise.
(Bloomberg) -- LG Chem Ltd. is prioritizing efforts to secure raw materials used in electric-vehicle batteries and establishing a self-sufficient global supply chain, including via potential partnerships and investments in mining companies.Most Read from BloombergChina Hits Back at US with Sanctions on Lockheed, RaytheonChina Warns of Retaliation Against US Over Balloon SagaStocks Sink as Fed Officials Embrace Bigger Hikes: Markets WrapTesla Recalls More Than 362,000 Cars Due to Self-Driving Cra
The South Korean company, which supplies Tesla, General Motors Co and others, said it is targeting revenue growth of 25-30% this year, aiming to achieve up to 33.3 trillion won ($27 billion) in revenue. LGES' fourth-quarter profit tripled as it ramped up production to address a huge order backlog from automakers rushing to take a bigger bite out of the growing EV market. LGES, which has joint battery plants with GM, Stellantis NV and Honda Motor Co Ltd in North America, said its battery order backlog rose to 385 trillion won ($313 billion) by the end of December, or more than 11 times its projected 2023 revenue.
SEOUL, South Korea, January 09, 2023--LG Chem has started supplying front fenders using LUCON TX5007 to Mitsubishi Motors.
As automakers race to make electric vehicles and batteries, spurred by federal incentives in the so-called Inflation Reduction Act, Tennessee sits in a prime spot to compete for record-shattering investments.
LG Chem Ltd said on Tuesday it plans to invest more than $3 billion to build a battery cathode factory in Tennessee, as the South Korean chemical materials maker ramps up plans to meet rising demand for U.S. electric vehicle (EV) components. The plant aims to have an annual production capacity of 120,000 tonnes of cathode materials by 2027, enough to power about 1.2 million EVs, LG Chem said in a statement, adding mass production is set to start in the second half of 2025. "With our Tennessee cathode factory, LG Chem plans to actively respond to changes in the global battery material market, such as the Inflation Reduction Act (IRA)," the company said in a statement.
SEOUL (Reuters) -South Korea's LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S. electric vehicle components. It's one of the first major EV-related investments announced by a South Korean firm in the United States since a new U.S. law was passed in August that puts automakers and battery suppliers relying heavily on China for sourcing at a cost disadvantage. Mass production is set to start in the second half of 2025 and the plant will create more than 850 jobs, LG Chem said in a statement.
Tesla Inc supplier LG Energy Solution Ltd (LGES) upped revenue guidance by 14% on Wednesday in the year's second such change, after quarterly profit beat forecasts on strong demand from car makers and a weak local currency. That indicated tight battery supplies for the foreseeable future, as the auto industry races to turn out more environmentally-friendly electric vehicles (EVs). LGES shares jumped 3.3% after the results, beating a rise of 1% rise in the benchmark index.
Aveo Pharmaceuticals (AVEO) is set to be acquired by LG Chem for an aggregate amount of $566 billion. The deal is expected to close by early 2023. Stock up.
Aveo Oncology shares shot up Tuesday following the company's announcement that it would be acquired by a Korean pharma firm.
Aveo Oncology agreed to be acquired by Korea's LG Chem on Tuesday, and Aveo stock skyrocketed to a near two-year high on the news.
Yahoo Finance anchor Brad Smith breaks down how markets are trading, plus why AVEO stock is soaring today.
South Korea-based LG Chem Ltd has agreed to acquire AVEO Oncology Inc (NASDAQ: AVEO) for $15.00 per share in an all-cash transaction with an implied equity value of $566 million on a fully diluted basis. The transaction price represents a 43% premium to AVEO's closing share price on October 17 and a 71% premium to its 30 trading day volume-weighted average price. The combination of LG Chem's Life Sciences division and AVEO is expected to create a global oncology organization. Through this transa
General Motors Co and LG Energy Solution are considering a site in Indiana for a fourth U.S. battery cell manufacturing plant, a spokeswoman for the companies' joint venture said on Thursday. Ultium Cells LLC "is developing a competitive business case for a potential large investment that could be located in New Carlisle, Indiana," she said, adding that Ultium had submitted a tax abatement application that it hopes will be approved later this month.
Archer Daniels (ADM) expands its partnership with LG Chem to form two joint ventures, which will help ADM meet the growing demand for plant-based products.
SEOUL, South Korea & CHICAGO, August 15, 2022--LG Chem (KRX: 051910), a leading global diversified chemical company, and ADM (NYSE: ADM), a global leader in nutrition and biosolutions, today held a signing ceremony launching two joint ventures for U.S. production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics. Pending final investment decisions, the joint ventures have chosen Decatur, Illinois, U.S., as the location of
(Bloomberg) -- Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest-open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile long Super Pit still frequently rattle the main street.Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’s Damage to the Housing Market May Last YearsGarland Se
With the latest deals, GM said it had lined up supplies for all battery raw materials, including lithium, nickel, cobalt and cathode active material, and was on course to reach its goal of producing 1 million EVs annually in North America by end-2025. LG Chem will supply GM with 968,000 tons of cathode material starting in the second half of 2022 through 2030, enough for about 5 million EVs, GM said.
General Motors Co said on Tuesday it had signed multi-year agreements with LG Chem Ltd and Livent Corp to secure key raw materials used in manufacturing batteries for electric vehicles. With the latest deals, GM said it had lined up supplies for all battery raw materials, including lithium, nickel, cobalt and cathode active material, and was on course to reach its goal of producing 1 million EVs annually in North America by end-2025. LG Chem will supply GM with 968,000 tons of cathode material starting in the second half of 2022 through 2030, enough for about 5 million EVs, GM said.
The U.S. continues to push its 'friendshoring' policy—restricting trade to friendly partners—as a means to help its supply chain crunch and reduce reliance on China.
South Korean battery maker LG Energy Solution is set to supply batteries to Mahindra & Mahindra's first electric sports utility vehicle (SUV), a source familiar with the matter said on Monday. Before LG Energy Solution was split off from its parent company LG Chem, Mahindra in 2018 signed a deal with LG Chem to collaborate on the supply and technology of lithium-ion batteries based on nickel, cobalt and manganese chemistry, according to a Mahindra statement. LG Energy Solution declined to comment.