Technology

EV battery giant LG Energy Solution sees sales up 8% in 2022

Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8% in 2022, seeing a pick-up in market conditions for electric vehicle (EV) batteries as a global chip shortage likely eases later in the year.

Commerce Department adds 33 Chinese companies to red flag list

The Biden administration is raising red flags about 33 Chinese companies whose legitimacy it cannot verify, imposing new restrictions on their ability to receive shipments from U.S. exporters and requiring extra diligence from American companies that want to do business with them.