BEAMSTART Logo

Hanwha, LG to join hands to take on Tesla with solar energy packages

Korea Economic Daily LogoKorea Economic Daily5h ago

Hanwha, LG to join hands to take on Tesla with solar energy packages - Korea Economic Daily

Quick Summary:

LG and Hanwha groups will join forces to develop and sell solar energy devices as a package to challenge Tesla Inc., a pioneer in the solar energy package market, while widening the gap with Chinese and Japanese rivals, according to industry sources on Sunday.

The package will be composed of Hanwha Solutions Corp.'s solar modules, LG Energy Solution Ltd.'s ESS and energy management software (EMS) to be jointly developed by Hanwha and LG, as well as Hanwha’s electric vehicle chargers.

They expect their collaboration to boost price and quality competitiveness against Telsa that earns quarterly profits of over 1 trillion won ($680 million) from the solar energy package products.“The solar energy market will expand significantly under the Donald Trump 2.0 era.


More Pictures

Hanwha, LG to join hands to take on Tesla with solar energy packages - Korea Economic Daily (Picture 1)Hanwha, LG to join hands to take on Tesla with solar energy packages - Korea Economic Daily (Picture 2)Hanwha, LG to join hands to take on Tesla with solar energy packages - Korea Economic Daily (Picture 3)

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 11:40:07 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 25758962

View Article Analysis

About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 7 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Hanwha, LG to join hands to take on Tesla with solar energy packages" has 474 words across 23 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Hanwha, LG to join hands to take on Tesla with solar energy packages" was covered 5 hours ago by Korea Economic Daily, a news publisher based in South Korea.

How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

The outlet is headquartered in South Korea and publishes an average of 7 news stories per day.

It's most recent story was published ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #25758962
  • URL: https://beamstart.com/news/hanwha-lg-to-join-hands-17385507407445

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.