LG Chem Stories March 23

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 full story

LG Chem Stories December 14, 2021

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 full story

LG Chem Stories February 5, 2021

Electric vehicle sales seem to be growing by the minute in the US. Although they still only have a tiny corner of the auto market cornered, astronomical valuations of industry leaders like Tesla offer a glimpse at the potential of a virtually nascent market. In order to bring costs down even further to entice consumers, the US has plans to amplify battery production on its home soil over the next decade. With global competitors miles ahead, does the US have the technology, or more importantly the resources, to gain ground in the EV battery market?

expand full story

LG Chem Stories December 30, 2020

LG has signed a massive agreement to reportedly invest close to $10 billion in Indonesia to make batteries in the country.

expand full story

LG Chem Stories December 17, 2020

The relationship between Tesla and LG Chem appears to be growing stronger lately, and now we learn of a new deal for the latter to supply a nickel-based battery to the automaker, according to a new report.

expand full story

LG Chem Stories December 2, 2020

LG Chem plans to apparently more than double its battery cell production in order to support demand from one of its newer customers: Tesla.

expand full story

LG Chem Stories October 21, 2020

LG Chem, who recently started supplying Tesla with cylindrical battery cells, announced that it is preparing to triple cylindrical cell production.

The company even hinted that it would make its own battery cells like Tesla’s new 4680 cell.

expand full story

LG Chem Stories September 28, 2020

Tesla is looking to acquire a stake in LG’s upcoming separated battery business, according to a surprising new report.

expand full story

LG Chem Stories July 3, 2020

Tesla has reportedly secured more battery supply from LG Chem who is going to assign capacity from a Korean factory to the California-based automaker. expand full story

LG Chem Stories April 28, 2020

The Korea Herald reports that pre-pandemic shortages of battery supply, which caused delays for European automakers, have been made worse by the global crisis. The situation became urgent enough for the Polish government to waive travel restrictions, allowing 200 LG Chem technicians to resume expansion of its battery gigafactory in Wroclaw.

expand full story

LG Chem Stories February 25, 2020

Lucid just announced the Dream Edition of the Lucid Air to be unveiled at the New York Auto Show (NYIAS) in April will be powered by the LG Chem cells. Cylindrical cells from the global battery supplier were selected due to their energy density and high availability.

expand full story

LG Chem Stories December 5, 2019

GM has announced a new joint-venture with LG Chem to build their own battery gigafactory, which will have 30 GWh of annual capacity, in Ohio.

The two companies promise a new “industry-leading cost per kilowatt hours” in GM’s future electric vehicles. expand full story

In July it was announced that LG Chem was working on a potential new billion-dollar US battery cell factory for electric cars. Today in a security filing in South Korea, LG Chem confirmed that investment, and that GM will invest another billion.

Reuters reports that the location is expected to be in the area of Lordstown, Ohio, where GM (pictured in Detroit) recently sold its factory to an EV startup affiliated with Workhorse. This follows news earlier this week that Piedmont Lithium received an important federal permit to proceed with its lithium mine in Gaston County, North Carolina — the second in North America. Looks like Interstate 77 will be America’s hot new lithium corridor.

expand full story

LG Chem Stories August 23, 2019

Tesla has reportedly signed a battery supply deal with LG Chem for Gigafactory 3 in China. It would be Tesla’s first deal to supply battery cells for its electric vehicles with a company other than Panasonic. expand full story

LG Chem Stories July 11, 2019

LG Chem, one of the leading producers of Li-Ion battery cells for electric cars, is working on a potential new billion-dollar US battery cell factory. expand full story

LG Chem Stories April 30, 2019

LG Chem, one of the top battery suppliers for electric vehicles, filed federal lawsuits against SK Innovation (SKI), another top battery supplier for electric vehicles, over allegedly stealing trade secrets. expand full story

LG Chem Stories February 21, 2019

VW has long been considering to build its own gigafactories to produce a high number of battery cells for its upcoming electric vehicles, but we now learn that LG reportedly killed the plans by threatening to cut VW’s current battery cell supply. expand full story

LG Chem Stories November 30, 2018

Demand for electric vehicle batteries is rising at an incredible pace, and battery manufacturers like LG Chem are trying to keep up and accelerate their investments.

LG announced this week that it is investing half a billion in its Polish battery factory to increase production to an impressive 70 GWh per year. expand full story

LG Chem Stories October 8, 2018

With new electric vehicles coming to market at an increasing pace and demand growing rapidly, securing battery suppliers is becoming a top priority for automakers serious about electrification.

In order to do that, VW created a ‘task force’ with battery supplier LG Chem. expand full story

LG Chem Stories May 17, 2018

China’s protectionist laws are currently being relaxed when it comes to electric vehicles, but there are still some rigorous restrictions. For example, Chinese electric vehicles need to be powered by Chinese batteries.

A new report now shows that Geely found a workaround for Volvo’s electric vehicles by using Korean batteries made in China and the competition isn’t happy about it. expand full story

LG Chem Stories October 12, 2017

LG is trying to position itself as an important new auto supplier for the transition to electric vehicles. The Chevy Bolt EV helped them recently since they manufacture several of the most important systems for the electric car, especially the battery pack through its LG Chem division.

Now the company announced that it will support the production of 100,000 electric cars per year with new battery factory in Poland. expand full story

LG Chem Stories February 17, 2017

3m-lg-chem-electric-car-battery

Korea-based electronic giant LG is making most of the components that make the Chevy Bolt EV an electric vehicle, including the battery pack, electric motor, and power electronics, and the battery packs for the Volt. Therefore, its production capacity will determine GM’s total output for what is currently its only all-electric vehicle in production.

In what could be a good sign for the Bolt EV and the Volt, LG announced this week an expansion of its production facility in Holland, Michigan. expand full story

LG Chem Stories December 19, 2016

020a12_d82ba58515134811ad95a04445063b09-mv2_d_3733_2333_s_2

Earlier this month, Lucid Motors announced a partnership with Samsung SDI to supply a custom li-ion battery cell that they developed with the Korean electronic giant for Lucid’s all-electric sedan, which they finally unveiled last week.

Today, the automaker announced that they secured a second battery cell supply contract – this time with LG Chem. expand full story

LG Chem Stories October 26, 2016

lg-chem-lg-website

As Tesla is set to unveil its second generation home battery pack, the Powerwall, on Friday, LG Chem announced today that it is bringing its own home battery pack to the US market. The South Korean company is partnering with SunRun, a solar installer that was already distributing the Tesla Powerwall. expand full story

LG Chem Stories October 3, 2016

ff-vpa-platform

Last month, we reported on Faraday Future reportedly signing a massive $2.4 billion supply contract with LG Chem for battery cells. Today, the startup confirmed the supply agreement with LG without talking about the actual size of the contract.

Though the electric vehicle startup did release new details. For example, they say that they “worked closely with LG Chem to develop unique chemistry requirements for FF products”. They claim that the result is “the world’s highest energy density [cell] for a production automotive battery.” expand full story

LG Chem Stories August 5, 2016

Nissan Leaf battery pack

Back in 2007, Nissan and NEC, a Japenese tech giant, created a battery manufacturing company, Automotive Energy Supply Corporation (AESC), in order to eventually supply the automaker’s electric vehicle programs. Both companies have since each invested hundreds of millions in the venture, which started producing the battery cells for the Nissan Leaf in 2010.

At some point in 2014, it became one of the largest electric vehicle battery manufacturers, second only to Panasonic, Tesla’s battery cell supplier. The joint-venture has since lost market shares and Nissan has been quite opened about looking to partner with someone else for future EV programs, like it’s new 60 kWh battery pack.

Now we learn that the automaker is looking to sell its shares in AESC and Panasonic could be a buyer. expand full story

LG Chem Stories June 28, 2016

lux battery research gigafactory

A new research report from Lux Research looked into the projected growth of the battery sector for electric vehicles (BEVs and PHEVs) and concluded that the market will rise to $10 Billion in 2020 with six large carmakers led by Tesla accounting for 90% of the demand. expand full story

LG Chem Stories May 17, 2016

tesla battery cells

Tesla often said that the Model 3’s $35,000 price tag was dependent on the company achieving its battery cost reduction goals at the Gigafactory. Recently, Tesla officials said that the Gigafactory should no longer be seen as a constraint in the Model 3 supply chain and that the company is confident in its capacity to start producing battery cells.

The factory was first presented as having a full annual output capacity of 35 GWh of battery cells and 50 GWh of battery packs – with the difference in cells being imported from other manufacturers, like Tesla’s Gigafactory partner Panasonic, but also other possible cells suppliers.

Now it looks like Tesla is looking to South Korea to diversify its battery cell supply chain for the Model 3. expand full story

LG Chem Stories January 19, 2016

child cobalt congo

Amnesty International and Afrewatch published a new investigative report (embedded below) explaining in details the global supply chain of cobalt and the use of child labor to source the mineral in Congo.

The report highlights the failure of certain electronics and electric car companies to ensure that the cobalt used in their batteries is not sourced using child labor. It names several automakers like Mercedes, VW and BYD, as well as several battery manufacturers known to supply automakers, like LG Chem (GM and Nissan). The report also goes after electronic giants Apple, Samsung and others. expand full story

LG Chem Stories November 26, 2015

LG Chem Stories October 27, 2015

GvMTFpBTesla builds its own battery packs, but imports the several thousands battery cells needed per pack from suppliers, mainly Panasonic. The automaker is heavily investing to change that by building the Gigafactory, in partnership with Panasonic, to manufacture both the cells and battery packs in the Nevada desert east of Reno.

But the planned output of the factory is 35 GWh in battery cells and 50 GWh in battery packs, meaning the Gigafactory will need to import 15 GWh of battery cells. Tesla already confirmed its intention to source the cells from more than one suppliers “potentially including Panasonic”, and today we learn through a new report from Asia Nikkei that the company is reportedly in the final stages of negotiations with LG Chem. expand full story

LG Chem Stories October 21, 2015

3m-lg-chem-electric-car-batteryFollowing yesterday’s announcement that GM is expanding its partnership with LG and will source a significant percentage of the parts for the Chevy Bolt from the electronic giant, LG is now announcing that it is accelerating battery production at the Holland plant in Michigan.

In a press release for the announcement, LG Chem Michigan President Nick Kassanos takes a swipe at Tesla, or at least at the media attention the company has been receiving for its own battery factory project: the Gigafactory. expand full story

LG Chem Stories October 5, 2015

LG Chem to build a new battery factory for electric cars in Europe

South Korean news outlets are reporting that the electronic giant LG Chem will build a new factory to produce batteries for electric cars in Europe. The new plant will reportedly have an annual production capacity of 50,000 battery packs, making it of similar size as the company’s Holland, Michigan plant where the company produces battery packs for the Chevy Volt and eventually the Bolt.

Powered by WordPress VIP