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Li-Cycle to expand US battery recycling ‘Hub’ by 40% and provide LG with nickel for the next decade

US battery recycling

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.

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How the US plans to capture the EV battery market

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?

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Pandemic threatens EV battery supply, giving power to South Korean battery-makers

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.


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Lucid chooses LG cylindrical cells, avoiding supply-constrained pouch cells causing industry delays

Lucid Air

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.


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LG Chem and GM to invest $2+B for Ohio battery factory, Cadillac EV on tap

General Motors, Detroit

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.


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Geely’s Volvo electric vehicles are using Korean batteries made in China and the competition isn’t happy

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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.
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LG to support the production of 100,000 electric cars per year with new battery factory

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.
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LG is adding production capacity at its battery factory for Chevy Volt, Bolt EV and Chrysler Pacifica

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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.
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Lucid Motors announces partnership with LG Chem to supply custom li-ion battery cells – after a deal Samsung SDI

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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.
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