Tesla is looking to acquire a stake in LG’s upcoming separated battery business, according to a surprising new report.
LG Chem Stories Yesterday
LG Chem Stories July 3
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
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.
LG Chem Stories February 25
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.
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