Search results for Ochang Energy Plant
Industry
LG Energy Solution strengthens supply chain with shared growth pact
LG Energy Solution is expanding support programmes for partner companies to strengthen a shared-growth framework in its supply chain. The company said on May 7 it held a “shared growth partnership agreement ceremony” at its Ochang energy plant in North Chungcheong province a day earlier. About 20 people attended, including Democratic Party lawmaker Song Jae-bong and company executives. The pact aims to comply with fair-trade laws and boost mutual competitiveness through cooperation.
Industry
LG Energy Solution posts Q1 operating loss of 207.8 billion won, swings to red
LG Energy Solution posted a first-quarter operating loss of 207.8 billion won due to initial costs from expanding its North American energy storage system production base, and lower volumes of EV pouch products for a strategic customer. Revenue fell 2.5 percent from a year earlier to 6.56 trillion won but rose 1.2 percent from the previous quarter. The company said North American production incentives reflected in results totaled 189.8 billion won.
Industry
LG Energy Solution, Korea Electrical Safety Corp to build LFP safety framework
LG Energy Solution said on Tuesday it signed an MOU with Korea Electrical Safety Corp to strengthen safety for energy storage systems. The two will cooperate on safety policy support, information sharing, training and technology exchange, and technical cooperation. They will jointly create a new safety management framework for new sites using the company’s LFP batteries and work to revise safety regulations tailored to LFP characteristics.