Sponsored by InterBattery Europe. InterBattery, South Korea’s largest and most influential exhibition for batteries,is launching for the first time in Europe as “InterBattery Europe Showcase” at ees Europe from June 14 to 16 in Munich. InterBattery Europe Showcase will be presenting global battery industry leaders like LG Energy Solution, Samsung SDI, and LS Electric along… Read more »
Search Results Found For: "LG ENERGY SOLUTION"
Ultium Cells to expand battery production by 40 percent in Tennessee plant
Ultium Cells, the battery cell manufacturing joint venture of LG Energy Solution and GM, plans to invest an additional $275 million in its Spring Hill, Tennessee plant to expand the facility’s battery cell output by more than 40 percent, from 35 GWh to 50 GWh. The company put $2.3 billion into the facility in April… Read more »
Billions of bucks for US battery plants announced in 2022
Electrifying transportation is going to require beaucoup batteries, and for a raft of reasons, those batteries need to be built near the vehicle markets they serve (not shipped halfway around the world, as is often the case today). The Biden Administration’s Inflation Reduction Act includes incentives for automakers to source their batteries here in the… Read more »
Adamas Intelligence says LFP cell deployment is up 237% in H1 2022
The latest biannual report on the global EV market from Adamas Intelligence highlights expanding EV sales, as well as the growing popularity of LFP battery chemistries, in the first half of 2022. In the first half of 2022, 6.23 million new passenger EVs were registered around the world—an increase of 42% compared to the same… Read more »
POSCO Chemical to supply cathode active material to GM
POSCO Chemical, a global materials firm, has announced a binding supply agreement with GM for high-nickel cathode active material (CAM). POSCO will provide 13,770 billion Korean won (about $10 billion) worth of CAM from 2023 to 2025. POSCO plans to produce the CAM at its Gwayngyang facility in Korea. The GM and LG Energy Solution… Read more »
Cadillac’s ambitious move to an all-electric luxury brand by 2030
The car that once advertised itself as “The Standard of the World” will go all-electric. Can the US luxury brand reinvent itself for a modern era…and for China? Among cutting-edge automotive buyers—the glitterati of Los Angeles, the tech millionaires of Silicon Valley, the finance titans of Wall Street—only one Cadillac is widely recognized. It’s a… Read more »
The redesigned federal EV tax credit and other EV-related measures
Unpacking the Inflation Reduction Act The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. We may never know what Machiavellian machinations persuaded Senator Manchin to release Santa Claus, but the merry old elf is coming… Read more »
The EV raw materials crunch: How bad, how long, how to solve it?
This article originally appeared in Issue 60: April-June 2022 Subscribe now Every new technology must overcome a series of temporary constraints on its way to widespread adoption. Since modern EVs appeared a decade ago, they’ve motored past many of these bottlenecks, (or hurdles, or roadblocks—pick your preferred metaphor). Range has increased, access to charging infrastructure has expanded,… Read more »
GM reaches agreements with two suppliers of cathode materials
LG Chem and GM have announced a binding agreement for the supply of cathode active material (CAM), a key battery material consisting of processed nickel, lithium and other materials that represents about 40% of the cost of a battery cell. LG Chem plans to supply more than 950,000 tons of CAM to GM from 2022… Read more »
Ford reaches agreement with Liontown Resources on lithium-providing spodumene concentrate
Ford has executed an offtake agreement with Australia-based battery materials company Liontown Resources for the supply of the lithium-providing spodumene concentrate for a term of 5 years. “Ford continues working to source more deeply into the battery supply chain to meet our goals of delivering more than 2 million EVs annually for our customers by… Read more »