ambitious_bones
@ambitious_bones@lemmy.world
- Comment on LG Energy Solution says 3.9 trillion won battery deal with US firm canceled 2 weeks ago:
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 battery industry.
LG Energy Solution signed the $2.7 billion agreement with the U.S. company in April and had already implemented $110 million of the deal.
Last week, LG Energy Solution announced the cancellation of a 9.6 trillion-won battery supply order from Ford Motor Co. signed last year.
Following the latest regulatory filing, the combined amount of contracts terminated this month for LG Energy Solution reached 13.5 trillion won, which accounts for around half of the company’s annual sales of 25.6 trillion won posted in 2024.
The South Korean battery maker, however, said the terminations are expected to have a limited impact on its financial health.
“We have not made an investment for building specialized production facilities nor expenditures for research and development projects. Thus, there are no additional costs incurred due to the termination,” the company said.
“We intend to take this as an opportunity to streamline relationships with uncertain customers and secure a more stable source of demand,” it added.
- Comment on Belgian soldier dies during NATO exercise in Lithuania 1 month ago:
Merci beaucoup
- Comment on [deleted] 3 months ago:
All while having the flag of another country as a profile pic.
- Submitted 4 months ago to showerthoughts@lemmy.world | 80 comments
- Comment on !PhilosophyMemes@Quokk.au - Man Is By Nature A Shitposter 4 months ago:
I get a “couldn’t find community” error when clicking on that link
- Comment on Zuckerberg says people without AI glasses will be at a disadvantage in the future 5 months ago:
Metaverse? Smart Glasses? Didn’t this nonsense come and go ten years ago?
- Comment on What is the difference between a platonic and a romantic relationship? 5 months ago:
When you start to think about it there is no clear dividing line. For many people it is probably a degree of exclusivity. As in there being a degree of friendship you are only supposed to share with one single person. Goes out the window when you are any kind of non-monogamous of course.
- Comment on A reboot of the X-Files but this time Scully is always right. Everything has a totally rational explanation and Mulder slowly looses his believe in the supernatural. 6 months ago:
Plottwist in the finale: It turns out there really was a conspiracy after all. The alien Invasion happens unopposed while Scully is just annoyed and Mulder sits at home depressed and confused.
- Comment on A reboot of the X-Files but this time Scully is always right. Everything has a totally rational explanation and Mulder slowly looses his believe in the supernatural. 6 months ago:
Perhaps more of a Miniseries. And the thing driving the plot would be not just the investigations but Mulders Struggle to rethink everything he belived in.
- Submitted 6 months ago to showerthoughts@lemmy.world | 64 comments
- Comment on Israel attacked Madleen aid ship with a 'white chemical spray'. What is it? 6 months ago:
Thank you!
- Comment on Israel attacked Madleen aid ship with a 'white chemical spray'. What is it? 6 months ago:
Archive Link is broken
- Comment on Got a awesome birthday present from a co-worker. 7 months ago:
For a second I thought it was made of cellular peptide
- Comment on [deleted] 8 months ago:
Have you discussed the poop question already? Depending on where you are there different rules and things to look out for. Sounds like a joke but this can be a dealbreaker for how good a time you have.
- Comment on [deleted] 1 year ago:
Username checks out