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    LG Energy to produce 46-Series cylindrical batteries for EVs at Arizona, US, battery complex
    The construction of LG Energy Solution’s upcoming $5.5 billion, 53-GWh battery manufacturing complex in Arizona, US, is on track, with production operations expected to commence as early as 2026, the South Korean battery-maker updated on the sidelines of a stakeholder meeting on April 3 at Combs High School in San Tan Valley near the town of Queen Creek, Ariz., where the complex is located. The stakeholder meeting was attended by the senior leadership team, including Brian Oh, head of Mobil...
    Hyundai Motor to invest over $50 billion in South Korea between 2024–26
    South Korean automaker Hyundai Motor Group plans to make a big-ticket investment of 68 trillion won (over $50 billion) on research and development projects, capacity expansion and recruitment of new talent between 2024–26, as the company prepares to transition to zero-emission mobility, Hyundai announced March 27. The earmarked investments are aligned with Hyundai Motor’s larger strategy of becoming one of the top three electric vehicle manufacturers globally by 2030. Hyundai’s inves...
    Mitsubishi Corp. to acquire stake in a lithium mining JV with Canada’s Frontier Lithium
    Japanese conglomerate Mitsubishi Corp. has signed a binding agreement with Canadian lithium mining company Frontier Lithium Inc. to establish a new joint venture company focused on developing a lithium mine, located in Ontario, named "the PAK Lithium Project", the company announced March 5. As part of the agreement with Frontier Lithium, Mitsubishi plans to make an equity investment of C$25 million to acquire a 7.5% stake in the JV company. The Japanese energy major has also obtained the righ...
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