South Korea-based LG Energy Solution has signed agreements with Ford Motor to supply battery modules from its Poland facility for Ford’s commercial vans in the UK and EU. Under the contracts, LG Energy Solution is expected to supply a total of 109 GWh of batteries to Ford for its electric commercial vans starting in 2026,… Read more »
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LG Energy Solution partners with Liontown to guarantee lithium supply
LG Energy Solution, a manufacturer of lithium-ion batteries, and Liontown Resources, a battery minerals producer, have announced a partnership that seeks to build on the two companies’ ongoing work in the lithium sector. The partnership will extend the offtake agreement between the two entities from 5 to 15 years and includes plans to investigate the… Read more »
LG Energy Solution strengthens partnership with WesCEF to secure lithium supply chain
Battery manufacturer LG Energy Solution has signed an offtake agreement with Wesfarmers Chemicals, Energy and Fertilizers (WesCEF) for lithium concentrate. Under the agreement, WesCEF will supply LG Energy Solution with up to 85,000 tons of lithium concentrate, which could be used to produce around 11,000 tons of lithium hydroxide, a cathode raw material. WesCEF’s lithium… Read more »
LG Energy Solution and Impact Clean Power sign supply agreement for NCM battery modules
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 »
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 »