Executives from LG Magna e-Powertrain, LG Electronics, Magna, GM, and local government officials gathered together to break ground at LG Magna e-Powertrain’s new plant in Ramos Arizpe, Mexico. The new facility will be the company’s first production base in North America. The 260,000-square-foot plant will be complete by 2023, and will begin producing inverters, motors… Read more »
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A look inside LG Energy Solution’s massive Polish battery plant
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 »
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 »
Li-Cycle unveils plans for Hub facility, announces recycling agreement with LG
Li-Cycle has announced plans to build its first Hub facility near Rochester, New York. The company expects to process equivalent battery material to power approximately 225,000 EVs per year. Li-Cycle (profiled in our July/August 2020 issue) uses a hub-and-spoke model for its recycling process. The New York Hub will be integrated with Li-Cycle’s existing network… 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 »