Battery manufacturer LG Energy Solution and Impact Clean Power Technology (ICPT), a public transportation battery system supplier, have signed a supply agreement for nickel cobalt manganese (NCM) lithium-ion battery modules. Under the three-year battery supply agreement, LG Energy Solution will supply approximately 200,000 battery modules from its Wroclaw plant in Poland to ICPT’s GigafactoryX in… Read more »
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LG Energy Solution and Impact Clean Power sign agreement to power electric buses in Europe
LG Energy Solution, a manufacturer of lithium-ion batteries, and Impact Clean Power Technology (ICPT), a supplier of heavy-duty battery systems, have signed a supply agreement for nickel-cobalt-manganese (NCM) battery modules. LG Energy Solution will ship 200,000 battery modules from its Wroclaw, Poland plant to ICPT’s GigafactoryX in Pruszkow over the next three years to be… Read more »
LG Energy Solution will invest $3 billion in US plant to supply Toyota with EV batteries
Another sign that the sleeping Japanese giant is starting to stir: Toyota has signed a supply agreement with Korean battery-maker LG Energy Solution for lithium-ion batteries that Toyota will use in its US-built EVs starting in 2025. LGES will invest $3 billion in its Holland, Michigan battery facility for dedicated production lines to supply a… Read more »
Hyundai and LG Energy Solution invest additional $2 billion in Georgia battery plant
Hyundai and South Korean-headquartered battery maker LG Energy Solution (LGES) have announced a $2-billion expansion of their battery cell manufacturing joint venture at Hyundai’s EV Metaplant in Bryan County, Georgia, bringing the total investment value of the JV to $4.3 billion. At full operational capacity, the 30 GWh facility is expected to support annual production… Read more »
NOVONIX and LG Energy Solution partner to produce artificial graphite anode materials for EV batteries
NOVONIX, a battery materials firm, and LG Energy Solution, a battery manufacturer, have announced a partnership to produce artificial graphite anode material for lithium-ion batteries. NOVONIX also agreed to issue $30 million in unsecured convertible notes to LG Energy Solution. LG Energy Solution and NOVONIX will engage in a separate purchase agreement when specific development… Read more »
LG Energy Solution invests AUD20 million in Green Technology Metals for lithium supply
LG Energy Solution and lithium exploration company Green Technology Metals (GT1) have signed an AUD20-million equity subscription agreement and an offtake term sheet, giving LG access to future production from GT1’s flagship Seymour Project in North America. According to the offtake term sheet, GT1 will sell LG Energy Solution 25% of its spodumene concentrate production… Read more »
Hyundai and LG Energy Solution partner on US battery manufacturing facility
Hyundai Motor Group and South Korea-based battery manufacturer LGES have signed an MOU to produce EV batteries in the US at a location in Bryan County, Georgia, adjacent to Hyundai’s Metaplant America currently under construction. Hyundai and LGES will each hold a 50% stake in the JV, which will involve an investment of more than… Read more »
LG Energy Solution to build a $5.5-billion battery manufacturing complex in Arizona
South Korean battery manufacturer LG Energy Solution will invest approximately $5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities—one for cylindrical batteries for EVs and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). The company plans to invest $3.2… Read more »
Honda and LG Energy Solution to build battery factory in Ohio
In February, Honda and South Korea-based battery maker LG Energy Solution held a groundbreaking ceremony for a new joint-venture EV battery plant near Jeffersonville, Ohio. The companies say they have committed $3.5 billion to the project, and overall investment is projected to reach $4.4 billion. Plans call for the facility’s completion by the end of… Read more »
LG Energy Solution and Syrah Resources collaborate on testing natural graphite
LG Energy Solution (LGES) will work with Syrah Resources on the testing and verification of natural graphite anode material. Syrah’s facility in Vidalia, Louisiana, which is slated to begin production in 2023, will supply the natural graphite. “Our partnership with Syrah demonstrates our devotion to diversifying the critical minerals portfolio by directly procuring from local… Read more »