Q&A with LG Chem Power’s CEO: Dr. Prabhakar Patil on how the company became a Li-ion battery front-runner, the economics of building batteries, and why it spends little energy on what comes after lithium. Among Tier 1 automotive suppliers of lithium-ion cells, LG Chem is off to a clear lead, based on the number of announced… Read more »
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Eguana and LG Chem partner on residential energy storage system
Tesla may have some competition in the residential storage market. Battery giant LG Chem has partnered with Eguana Technologies to develop a modular energy storage system called AC Battery. AC Battery is targeted at homeowners who want to store electricity from solar panels for later use. However it could also be aggregated for small commercial… Read more »
LG Chem breaks ground on Chinese battery plant
Korean battery giant LG Chem held a ground-breaking ceremony this week in Nanjing, China, where it started construction on a new EV battery plant. The new facility will be able to produce enough batteries annually to supply more than 100,000 EVs when it opens by the end of 2015. It will supply batteries to Chinese… Read more »
LG Chem means to have a 25 percent share of a growing EV battery market
After years of disappointment, the EV market is ready to grow, predicts Prabhakar Patil, CEO of LG Chem Power, and the Korean battery maker means to be one of the top players. “We expect to have a 25 percent share [of the global battery market],” Patil told Automotive News. “We know that we will be… Read more »
LG Chem to supply batteries to Audi
Korean giant LG Chem has agreed to supply batteries to Audi for hybrids and plug-in hybrids, and the companies will collaborate on various future plug-in projects, according to Reuters. “The batteries will be used in Audi’s next-generation plug-in hybrid electric vehicles. Given that Audi shares many auto platforms with parent Volkswagen, we expect more such… Read more »
LG Chem will supply batteries for 200-mile EV in 2016
LG Chem CFO Cho Suk-jeh told Reuters this week that the South Korean company plans to supply batteries for an EV with more than 200 miles of range in 2016. Cho Suk-jeh did not say which automaker(s) would be using the new cells, but GM seems to be a likely candidate. It currently has a… Read more »
LG Chem licenses separator film technology to Ube Maxell
LG Chem has agreed to license its separator film technology agreement to Ube Maxell. Under the agreement, Ube Maxell acquires patent use rights from LG Chem for ceramic coating of separator substrates, a key component of lithium-ion batteries. Ube Maxell, a joint venture between Ube Industries and Hitachi Maxell, was formed in 2011 to manufacture… Read more »
Celgard files suit against LG Chem over battery separator patent
Celgard, a subsidiary of Polypore International (NYSE:PPO), has filed a complaint against LG Chem, alleging that the Korean chemical giant has infringed one of Celgard’s US patents for a battery separator. The patent in question covers ceramic composite layer lithium-ion battery separators. Celgard filed the lawsuit following a lengthy period of discussions with LG regarding… Read more »
LG Chem secures international patents for its safety-reinforced battery separator
LG Chem, the world’s largest lithium-ion battery maker, has obtained a patent for its safety-reinforced separator (SRS) in Europe and Japan. The company already has patents for the technology in South Korea, the US and China. The separator is an important component of lithium-ion polymer batteries, separating the negative and positive poles to prevent internal… Read more »
LG Chem says US battery plant will begin production in late 2013
South Korea’s LG Chem plans to start production at its US car battery factory in the second half of this year, two executives told Automotive News. The Holland, Michigan manufacturing plant drew some unpleasant publicity in February, when a DOE investigation found that the production line at the plant was idle, but workers were being… Read more »
