LG Magna E-Powertrain celebrates groundbreaking of new facility in Mexico

LG Energy Solution will assume full ownership of NextStar Energy after acquiring Stellantis’ 49 per cent stake in the joint venture, the companies announced today. The move marks a significant realignment in North America’s fast‑expanding battery supply chain and reinforces Canada’s position as a strategic hub for electric‑vehicle and energy‑storage manufacturing. Founded in 2022 by LG Energy Solution and...

6 February 2026

General Motors announced two major AI upgrades that will arrive in its vehicles: an eyes-off highway driving system and an in-car conversational AI, both built on a next-generation centralized computing platform. The company says these features are designed to make cars more intuitive, safer, and better at adapting to drivers over time. Eyes-off driving will be introduced on the Cadillac Escalade IQ in 2028 and will...

23 October 2025

South Korea's LG Chem has been selected to supply cathode materials for Panasonic's battery production in North America, according to industry sources. This marks LG Chem's first direct deal with Panasonic, whose primary customer in the region is Tesla. Previously, LG Chem supplied cathodes to Prime Planet Energy & Solutions, a joint venture between Toyota and Panasonic. Panasonic operates a Gigafactory in Nevada...

23 October 2025

Chevrolet is reigniting excitement around its beloved electric hatchback with the announcement of a next-generation Bolt EV, slated for a return to the market in early 2026. While the 2027 Chevy Bolt hasn't been officially detailed yet, it is confirmed that the model is charging ahead, backed by a new battery platform that promises to elevate its performance, efficiency, and accessibility. The message is clear: GM...

10 October 2025

Electric vehicle (EV) sales in the U.S. are booming - and Tesla and General Motors (GM) are at the front of the pack. Why the sudden surge? Many buyers were racing to take advantage of federal tax credits worth up to $7,500 before they expired in September, thanks to the Trump administration's "One Big Beautiful Bill Act." Tesla still holds the largest slice of the EV pie, delivering over 497,000 vehicles in Q3...

5 October 2025

Automakers in North America are increasingly reducing on‑the‑road prices for battery electric vehicles by amounts close to the former $7,500 federal tax credit. Manufacturers are applying the savings in different ways: permanent MSRP adjustments, time‑limited rebates applied at the point of sale, or larger dealer incentives that lower the cash price before financing or leasing. The strategy shortens the cash gap for...

5 October 2025

LG Energy Solution announced a new partnership agreement with General Motors (GM) for prismatic battery cell technology, marking an extension of the two companies’ solid 14-year battery technology partnership. Under this new definitive agreement, the companies will jointly develop prismatic battery cell technology and affiliated chemistries, and once the partnership comes to fruition, the prismatic cell technology...

4 December 2024

The 2025 Chevrolet Silverado EV will launch in three trims later this year with more range, content, and price options for retail and commercial customers. The Silverado EV offers new technology, range, and design packages across Work Truck (WT), LT, and RST trims with up to 492 miles of range. The starting MSRP is as low as USD 57,095. Select retail models may qualify for the full $7,500 federal tax credit for...

8 October 2024

In April 2023, GM and Samsung SDI announced their joint venture will invest more than $3 billion to build a new battery cell manufacturing plant in the United States for the production of both prismatic and cylindrical batteries. However, the latest information coming from the project is that the 4680 cylindrical batteries will be excluded for now and the plant will focus on prismatic cells only. The companies have...

29 August 2024

Chevrolet has announced that the production of the 2024 Silverado EV First Edition RST is now underway, offering increased driving range and payload capacity. The 2024 Silverado EV — the reimagining of the brand’s best-selling nameplate — is packed with the power and capability expected of Chevy Trucks, including: EPA-estimated 450-mile range on a full charge on 4WT GM-estimated 440-mile range on a full charge on...

13 May 2024

LG Display showcases a series of ultra-large automotive display solutions at CES 2024. At its dedicated booth for automotive displays in the West Hall of LVCC, the company unveiled the world's largest automotive display - the 57-inch Pillar-to-Pillar (P2P) LCD - and the largest slidable panel - the 32-inch Slidable OLED. The 57-inch Pillar-to-Pillar (P2P) LCD covers the entire dashboard from the driver's seat to the...

10 January 2024

At CES 2024, Magna unveiled its next-generation 800V eDrive solution that sets new standards in efficiency, power-to-weight ratio, and torque density. Magna's next-generation eDrive is a drop-in solution that incorporates several advanced technologies, resulting in significant reductions in weight and size, enhanced performance, extended driving range, and sustainability. It offers enhanced flexibility due to its...

9 January 2024

LG will hold a private demonstration for major automakers at CES 2024, introducing a new cross domain platform integrating Advanced Driver Assistance System (ADAS), Automated Driving (AD) and In-Vehicle Infotainment (IVI) technologies. Developed by LG in collaboration with Magna, a global mobility tech company, the game-changing future mobility platform is expected to arrive on the market in the near future...

4 January 2024

LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to the supply chain. LG Chem will invest around KRW 2...

28 December 2023