起点锂电·2026-01-08 10:40Core Viewpoint - LG Energy Solution is facing significant challenges in its North American operations, with production halts and strategic shifts among major automotive partners impacting its growth prospects [3][4][6]. Group 1: Production Capacity and Economic Impact - LG Energy Solution has a global production capacity primarily located in China, South Korea, and North America, with over 350 GWh planned in North America alone [3]. - The company has suspended production at two joint venture battery plants with General Motors in Ohio and Tennessee for six months, resulting in an estimated economic loss of 1 trillion KRW [3][4]. - The third joint venture plant in Michigan has delayed its production timeline from 2024 to the second half of 2026, following the end of the joint venture agreement with GM [3][4]. Group 2: Market Dynamics and Strategic Adjustments - The slowdown in the North American electric vehicle market is attributed to the expiration of a $7,500 EV subsidy by the U.S. government, leading to decreased demand for electric vehicles from major manufacturers like Tesla, Ford, and GM [4][6]. - Ford has shifted its focus from pure electric vehicles to hybrid models, halting the development and production of related electric vehicle projects [6]. - General Motors plans to take a $1.6 billion impairment charge related to its electric vehicle business, with a significant portion allocated to capacity adjustments [6]. Group 3: Supplier Relationships and Financial Strategies - Ford has canceled a battery agreement worth 9.6 trillion KRW with LG Energy Solution and exited a joint venture with SK On for battery production in the U.S. [7]. - Stellantis is repurposing some battery production lines for energy storage systems and has delayed the launch of its electric pickup truck [7]. - LG Energy Solution is considering selling its joint venture battery plant with Honda in Ohio to alleviate financial pressures [8]. Group 4: Competitive Landscape and Market Shifts - The competitive landscape for global power batteries has shifted dramatically, with Chinese companies capturing 69.4% of the market share among the top 10 battery manufacturers by installed capacity in 2025 [10]. - In contrast, South Korean companies hold only 15.8% of the market share, which is less than that of BYD alone at 16.7% [10]. - Chinese battery manufacturers are rapidly expanding their production capacity in Europe, with significant projects underway to meet the growing demand in the region [9].