GM and LG have a real bromance going. The Korean electronics giant has been supplying key components of the Detroit automaker’s OnStar telematics system since 2007. Battery subsidiary LG Chem was the sole supplier of battery cells for the first-generation Volt. The two buddies will collaborate even more deeply on the upcoming Bolt 200-mile EV…. Read more »
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Lux Research: LG Chem threatens Panasonic’s position as world’s top EV battery supplier
Japanese giant Panasonic is by far the largest automotive batter supplier at the moment, with a 39% market share. According to a new report from Lux Research, it will probably hang onto that position, increasing its share to 51% as EV batteries grow to a $30-billion market by 2020. However, there’s a real possibility that… Read more »
Volkswagen names LG Electronics one of its FAST suppliers
The Volkswagen Group has nominated 44 of its suppliers to collaborate on a new strategic level under the Future Automotive Supply Tracks (FAST) initiative. One of the first batch of preferred suppliers is LG Electronics, which provides high-voltage batteries for the Group’s various plug-in vehicles. Volkswagen launched the FAST program in February with the aim… Read more »
3M licenses NMC patents to LG Chem
3M and LG Chem have formed a patent license agreement to allow the Korean battery-maker to use 3M’s formulation of nickel manganese cobalt oxide (NMC) cathode materials in lithium-ion batteries. NMC, valued for its balance of power, energy, thermal stability and low cost, has been the subject of some rivalry and at least one lawsuit…. Read more »
LG Chem inks battery deal with Great Wall
Korean battery-maker LG Chem has made a deal with China’s Great Wall Motor to supply lithium-ion batteries for the carmaker’s upcoming plug-in hybrid SUVs, which are scheduled to go into production in 2017. LG Chem has extended its cooperation with Chinese carmakers in recent years, and with the Great Wall deal, the company says that… Read more »
LG Chem Power CEO: We’re the Li-ion leader for PEVs because of material science
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 »
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 »