fbpx

Search Results Found For: "LG Chem"

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 »

LG Chem to invest $5.3 billion in battery materials by 2025, aims to rule anode market

LG Chem plans to invest 6 trillion South Korean won ($5.3 billion) in battery materials by 2025, including efforts in anode materials, separation membranes, cathode binders, radiant adhesives and carbon nanotubes. LG Chem’s goal is to grow into the world’s largest comprehensive battery materials company, and to become the world’s number-one supplier of anodes. A… Read more »

LG Chem deployed more battery capacity than Panasonic in Q1 2020

In the first quarter of 2020, EV battery suppliers deployed 20.5 GWh of capacity globally, down from 26.5 GWh in the fourth quarter, and 20.9 GWh during the first quarter of 2019, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. After losing the top spot to LG Chem in January… Read more »

GM and LG Chem to build battery cell plant in Lordstown, Ohio

General Motors and LG Chem have announced plans to establish a battery cell assembly plant on a greenfield site in the Lordstown area of Northeast Ohio. The companies will invest up to $2.3 billion in the facility through a new joint venture. The new factory will eventually provide batteries for GM’s electric pickup truck, expected… Read more »

LG Chem hosts $1.9-million battery innovation competition

LG Chem has announced a $1.9-million startup contest it calls The Battery Challenge. The competition is intended as a springboard for new concepts and partnerships in four categories: Battery Material, Battery Management and Control, Design, Manufacturing and Processing and Recycle and Regeneration. Applications are being accepted until November 2. Teams must submit business plans and pitches… Read more »

Enevate secures funding from LG Chem to develop fast charging battery technology

Enevate Corporation, a California battery tech firm that’s done some pioneering work on silicon-dominant anodes and cells, has received funding from South Korea battery giant LG Chem. Enevate says its HD-Energy technology allows Li-ion batteries to be charged to 75 percent capacity in 5 minutes, while also providing higher energy density than batteries currently on… Read more »

Proterra and LG Chem co-develop new battery cell

Electric bus builder Proterra and Korean battery giant LG Chem have partnered to develop a battery cell optimized for the heavy-duty vehicle market.  The cell chemistry has been optimized for maximum energy throughput, charge rate acceptance and energy density. Proterra claims its Catalyst E2 bus, introduced last year, offers the longest range of any electric… Read more »