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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

Einride signs record deal to add 500 Tesla Semis for North America freight

Sweden\'s electric and autonomous trucking company Einride will add 500 Tesla Semis to expand its North American freight business, in the largest disclosed contract for the vehicle so far. Deliveries start in September, with the rest deployed over 24 months. The trucks will operate in California, Texas, New Jersey, Illinois and Georgia, with Amazon listed as a customer, and will be managed through Einride\'s Saga dispatch and charging software.

Industry

LS Q2 operating profit 595.6 billion won, up 153 percent year on year

LS said on Thursday its second-quarter operating profit rose 153 percent from a year earlier to 595.6 billion won, while revenue climbed 40 percent to 11.02 trillion won, both record highs for a quarter. First-half operating profit totalled 1.07 trillion won, exceeding last year’s full-year result, with revenue up 39 percent to 20.53 trillion won. The company cited AI data centre expansion and power-grid replacement projects.