LG Chem Stories October 8

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

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

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

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

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

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

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

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 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

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