US EditionLG Energy Solution cancels 3.9 trillion won battery order with Freudenberg
LG Energy Solution halted a $2.7 billion contract as Freudenberg exited the battery sector; combined terminations this month total 13.5 trillion won, half of LGES's 2024 revenue.
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LG Energy Solution says 3.9 trillion won battery deal with US firm canceled
Korean battery maker LG Energy Solution Ltd. said Friday it has agreed with a U.S. company to terminate a supply contract signed in 2024 by mutual consent. In a regulatory filing, LG Energy Solution said it has canceled the supply deal worth 3.9 trillion won ($2.69 billion) signed with U.S.-based battery pack producer Freudenberg Battery Power System (FBPS) LLC. LG Energy Solution said the termination came as FBPS decided to pull out from the ba…
LG Energy Solution cancels 3.9 trillion won battery order with Freudenberg
SEOUL, Dec 26 : South Korean battery maker LG Energy Solution (LGES) has cancelled a 3.9 trillion won ($2.7 billion) contract with Freudenberg Battery Power Systems, the company said in a regulatory filing on Friday. LG Energy Solution said it has mutually agreed with Freudenberg Battery Power Systems t
Lg Ensol Cancels Another 3.9 Trillion Won Contract in the Us, Halving Annual Sales in Just Ten Days.
LG Energy Solution has decided to terminate its battery module supply contract worth approximately 4 trillion won with U.S. battery pack manufacturer FBPS. This follows the termination of a supply contract worth 9.6 trillion won with U.S. automaker Ford, less than ten days after the previous termination.
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