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 »
Search Results Found For: "LGES "
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 »
3D smart sensors for inline EV battery inspection
Sponsored by LMI. The increase in demand for EV Batteries has already permanently transformed the car manufacturing landscape, with almost all major automotive companies now operating electric vehicle production lines. While electric vehicles do have less moving parts than their internal combustion engine (ICE) counterparts, manufacturing them is still extremely complex. From stators and rotors,… 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 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 »
Snow Lake Resources and LG to partner on lithium supply for North American EV market
Snow Lake Resources—doing business as Snow Lake Lithium—has signed a non-binding Memorandum of Understanding (MOU) with LG Energy Solution (LGES) to collaborate on a lithium supply chain for the EV market in North America. As part of the MOU, Snow Lake Lithium plans to supply lithium to LGES from 2025 to 2035 from its Snow… Read more »
LG Energy Solution partners with three Canadian cobalt and lithium suppliers
LG Energy Solution has signed separate partnership agreements with three mineral suppliers in Canada. LGES will purchase cobalt from Electra Battery Materials, and lithium from Snow Lake Resources and Avalon Advanced Materials. LGES signed a binding term sheet with Electra, which will supply 7,000 tons of cobalt sulfate for three years starting in 2023. Electra… Read more »
LG Energy Solution is hosting a competition to find battery startups
LG Energy Solution is hosting LGES Battery Solution 2022—an international competition aimed at finding battery startups. Up to 10 finalists will win funding and a collaboration opportunity. Startups can compete in the areas of materials, management and control and the smart factory. Up to $1,000,000 cash prize will be awarded among all finalists of the… Read more »
LG Energy Solution partners with Compass Minerals to secure US lithium supply chain
LG Energy Solution has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a provider of essential minerals for producing battery-grade lithium. Under the terms of the MoU, Compass Minerals would supply LGES with lithium carbonate and hydroxide. LGES would be supplied with as much as 40% of Compass’s planned annual phase-one… Read more »