As demand for EVs soars, US and European automakers are racing to establish localized battery production, and break the long-standing reliance on supply chains originating in Asia. There are currently at least a dozen battery “gigafactories” under construction or planned in Europe. LG Energy Solution claims that its battery cell factory in Wrocław, Poland, is… Read more »
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LG Energy Solution and Stellantis to build battery manufacturing plant in Windsor, Ontario
A joint venture between battery-builder LG Energy Solution and automaker Stellantis will invest more than $5 billion Canadian ($4.1 billion US) to build an EV battery manufacturing plant in Windsor, Ontario, just across from Detroit. The battery facility will have an annual production capacity of 45 GWh, which will supply Stellantis plants in the North… Read more »
LG Energy Solution to invest $1.7 billion to expand its plant in Holland, Michigan
LG Energy Solution plans to invest $1.7 billion at its battery component plant in Holland, Michigan, an expansion that’s expected to quintuple the plant’s capacity. The facility manufactures large lithium-ion polymer battery cells and packs for EVs. The company is one of the largest employers in the community, and now has 1,495 employees in Michigan…. Read more »
LG Energy Solution hires AI and data science expert to ramp up smart factories
LG Energy Solution (LGES) has selected Dr. Peter Kyungsuk Pyun for its newly created Chief Digital Officer (CDO) position. “Based on his accumulated experience in world-renowned firms, we expect LGES to take a further step forward in battery manufacturing processes by utilizing AI and big-data technology,” said an LGES spokesperson. After earning a PhD in… Read more »
Toray and LG Chem create battery separator joint venture
Toray Industries has concluded a joint venture agreement with LG Chem under which LG Chem will invest $375 million in Toray Industries Hungary (THU), establishing LG Toray Hungary Battery Separator (LTHS), in which Toray and LG Chem will each hold a 50% interest. The new joint venture will use existing THU facilities to manufacture battery… Read more »
Stellantis and LG Energy Solution to build battery factory for North American EV market
Stellantis and LG Energy Solution have agreed to form a joint venture that will produce battery cells and modules for North America at a new production facility. The companies are obviously fans of EV journalist John Voelcker, who praised Ford and GM for announcing new battery facilities in a recent Car and Driver article, and… Read more »
LG Energy Solution secures access to nickel and cobalt from Australian Mines
LG Energy Solution, one of Tesla’s battery suppliers, has entered into “a binding long form offtake agreement” with Australian Mines Ltd. for nickel and cobalt, which will be supplied in the form of mixed hydroxide precipitate (MPH) from the Sconi Project in North Queensland. Under the agreement, LG will have access to 71,000 tons of… Read more »
Proterra and LG Energy Solution sign long-term battery cell supply agreement
Commercial EV innovator Proterra (NASDAQ: PTRA) has formed a new agreement with LG Energy Solution to provide a long-term supply of cylindrical battery cells, to be manufactured at a new LG Energy Solution plant in the US. LG will deliver cells to Proterra’s factories for the manufacture of the company’s commercial EV battery systems. Proterra… Read more »
LG Electronics and Magna announce powertrain joint venture
LG Electronics and Magna International have established a joint venture to manufacture e-motors, inverters and on-board chargers. The new company, LG Magna e-Powertrain, will be headquartered in Incheon, South Korea, and is expected to have more than 1,000 employees in the US, South Korea and China. Powertrain development will be based on Magna’s electric powertrain… Read more »
Hyundai and LG to build battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution have announced a Memorandum of Understanding with the Government of Indonesia to manufacture battery cells for EVs. Hyundai and LG will invest a total of $1.1 billion to build a jointly-owned battery cell plant in Karawang, Indonesia. Plant construction is scheduled to begin in the fourth quarter of… Read more »