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Industry

LG Energy Solution starts full operations at Lansing plant making ESS and EV batteries

LG Energy Solution is stepping up local production in the North American battery market by launching full operations at its Lansing plant in Michigan. The company held an opening ceremony on Aug. 19 attended by Governor Gretchen Whitmer, U.S. Interior Secretary Doug Burgum and CEO Kim Dong-myung (김동명). The plant will produce LFP batteries for energy storage systems and NCM batteries for electric vehicles, with annual capacity of more than 35 GWh.

Mobility

Ford to launch Fadom electric pickup in 2027, cut parts and boost assembly speed 40 percent

Ford will begin mass-producing its midsize electric pickup Fadom in early 2027 and sell it from $28,350. The model will be the first vehicle on Ford\'s new Universal EV platform and is slated for production in the first quarter at the Louisville Assembly Plant. Ford plans to revamp production by building the vehicle in three zones and using large aluminum castings, cutting parts sharply and raising assembly speed by 40 percent.

Mobility

Tesla runs out of California EV rebates in five days

Tesla has used up in five days the rebate allocation it received under California\'s new MyFirstEV electric-vehicle purchase support program. The discount for Tesla buyers began on Aug. 3 and the allocation was fully exhausted by Aug. 8, Electrek reported. The program is funded by $135.5 million in state money matched by automakers. Eligible buyers get an upfront $3,500 off a new vehicle under $50,000 or $1,750 off a used vehicle under $25,000, with no income cap or separate application.