GM and LG partnership falters; will another battery maker save the next US plant?
Plans for a fourth electric vehicle battery plant from the GM and LG Energy Solution partnership are on hold “indefinitely” after executives ended discussions without agreeing to move forward. The automaker is now consulting with at least one other battery supplier for its next US facility.
Expand Expanding CloseFord may shift from SK On to LG to build 45 GWh battery plant in Turkey
Ford Motor Company will reportedly partner with LG Energy Solution to erect a new battery plant in Turkey capable of an annual capacity up to 45 gigawatt-hours (GWh). In order to work with LG, Ford will have to back out of a previous deal with SK On, the battery division of SK Innovation and a current partner on several other projects.
Expand Expanding CloseBiden gives GM and LG a $2.5B loan to build 3 battery factories in 3 states
The Biden administration today announced that it’s closed a $2.5 billion loan for Ultium Cells, a joint venture between GM and South Korean battery maker LG Energy Solution. The loan will go toward financing the construction of new lithium-ion battery cell factories in Ohio, Tennessee, and Michigan.
Expand Expanding CloseHyundai, LG Energy mull two additional US battery plants to power 1M EVs
Hyundai plans to hold onto its early success in the rapidly evolving US EV market. According to a new report, the South Korean automaker is mulling two additional battery plants in a joint venture with LG Energy Solutions.
Expand Expanding CloseLG Energy Solution and Snow Lake Lithium team up to establish lithium supply chain for EVs in North America
Carbon-conscious mining company Snow Lake Lithium and battery production specialist LG Energy Solution announced they have signed a Memorandum of Understanding (MOU) to establish a domestic supply chain of lithium in North America. When Snow Lake’s lithium mining operation gets up and running in 2025, it plans to supply LG with the precious Earth material essential to current EV battery chemistry. This domestic supply chain could help several automakers qualify for US federal tax credits as well.
Expand Expanding CloseFord, LG Energy supplier using lithium extraction with ‘minimal environmental impact’ to produce EV battery metals
Compass Mineral International, a leading supplier of essential minerals like salt and sulfate of potash (used in plant fertilizer), has been pivoting to focus on the “new gold” rush, lithium. The minerals company, which has deals to supply lithium for EV leaders like Ford and LG Energy, is doubling down by using a new extraction technology to obtain the mineral with minimal impact on the environment.
Expand Expanding CloseGM and LG to build 3 US EV battery factories with a $2.5B DOE loan
The US Department of Energy (DOE) has announced a conditional loan of $2.5 billion for Ultium Cells, a joint venture of General Motors (GM) and battery manufacturer LG Energy Solution, to help finance EV lithium-ion battery cell factories in three states. The loan is intended to support the expansion of electric vehicle deployment in the US.
Expand Expanding CloseLG invests $450 million in producing Tesla’s 4680 battery cell format
LG announced that it is investing $450 million into producing 4680 battery cells, a format pioneered by Tesla.
While the Korean battery manufacturer didn’t confirm that the new cells will be for Tesla, it is extremely likely.
Expand Expanding CloseStellantis and LG Energy announce new 45 GWh battery cell factory in Canada
Stellantis and LG Energy announce that they will together build a new 45 GWh battery cell factory in Windsor, Ontario, Canada.
Expand Expanding CloseLG announces a $1.7B ramp-up, 1,200 new jobs, at its Michigan EV battery factory
LG Energy Solution is investing $1.7 billion and creating 1,200 jobs at its existing EV battery factory in Holland, Michigan. The expansion of the factory will quintuple its capacity to produce EV battery components.
Expand Expanding CloseCATL continues reign as the world’s largest EV battery manufacturer for a fifth straight year
New data from a South Korean research firm shows that EV battery manufacturer CATL is once against the largest in the world by installed battery capacity. The company saw growth over 165% compared to 2020 and holds the title of world’s largest battery manufacturer for the fifth year in a row.
Expand Expanding CloseLi-Cycle to expand US battery recycling ‘Hub’ by 40% and provide LG with nickel for the next decade
To meet increasing market demand, lithium-ion battery resource recovery specialists Li-Cycle has announced plans to increase the processing capacity of an upcoming New York facility by 40%. In addition to expanding its US battery recycling footprint, Li-Cycle has also entered into a letter of intent with LG to create a closed-loop battery ecosystem.
Expand Expanding CloseStellantis and Samsung SDI will open a Lithium-ion battery factory in North America [Update]
Amsterdam-headquartered global auto manufacturer Stellantis and South Korean battery maker LG Energy Solution announced a joint venture on October 18 to produce battery cells and modules for North America. Now Stellantis has today announced yet another battery production partnership, with Samsung SDI.
Expand Expanding CloseLG agrees to repay GM $1.9 billion over Chevy Bolt EV battery recall
GM and LG announced that they came to an agreement over who is going to take on most of the cost of the battery recall over potential fire risk for the Bolt EV.
LG is going to be left with almost the entire cost.
Expand Expanding CloseEGEB: A small Canadian province is a North American electric school bus leader
In today’s Electrek Green Energy Brief (EGEB):
- Canada’s Prince Edward Island buys 35 more Lion electric school buses, reaching 47 total.
- LG Electronics will cut emissions in its major products by 2030.
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LG Energy Solution to host ‘Battery Innovation Contest’ for $150k annual prize
LG Energy Solution is looking to universities and research institutes around the world to help push the next generation of battery technologies forward in the form of a contest. Its international “Battery Innovation Contest” (BIC) will be hosted by LG Energy Solution with open entries through September. The contest is open to all topics pertaining to batteries, and the winner will receive a prize up to $150,000 annually for continued R&D.
Expand Expanding CloseHyundai and LG partner to invest $1.1 billion in Indonesian battery plant
Hyundai Motor Group and LG Energy Solution have announced a Memorandum of Understanding (MoU) with the Government of Indonesia to manufacture BEV batteries in the country through a new joint venture (JV). As part of the JV, Hyundai and LG will invest a total of $1.1 billion in the construction of a battery plant in Karawang, near the country’s capital of Jakarta.
Expand Expanding CloseGM is about to announce a second massive battery cell gigafactory in US with LG
GM is about to announce a new massive battery cell gigafactory in the US in partnership with LG Energy Solutions, according to industry sources.
Expand Expanding Close