LG Chem has launched what it says is the largest carbon nanotube (CNT) plant in Korea. The company is targeting the growing market for CNT, often used as a cathode material for EV batteries. CNT has the same level of electrical and thermal conductivity as copper and diamond, and 100 times the strength of steel. … Read more »
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GM and LG to build second US battery plant in Tennessee
Ultium Cells, a joint venture of LG Energy Solution and General Motors, have announced plans to build a second US battery cell manufacturing plant, in Spring Hill, Tennessee. The companies will invest some $2.3 billion in the new facility, which will supply battery cells to GM’s Spring Hill assembly plant. Construction on the 2.8 million-square-foot… Read more »
LG Energy to invest $4.5 billion to expand its US battery production capacity
LG Energy has announced that by the end of 2025, it will invest more than $4.5 billion in its US-based business to increase its battery production capacity by 70 GWh. LG and GM are currently discussing plans to build a second joint venture plant in the US, which is expected to have a production capacity… Read more »
Belgrade’s 5.2-billion-euro climate plan includes converting buses and taxis to EVs
Serbia’s capital, Belgrade, has announced plans to invest some 5.2 billion euros in measures to reduce greenhouse gas emissions and improve air quality. Under the city’s Green City Action Plan and the related Action Plan for Sustainable Energy and Climate, the funds will be used to increase the efficiency of heating systems and to boost… Read more »
GM and LG may build a second battery factory in Tennessee
If GM is going to electrify most of its lineup by 2035, it’s going to need a lot more batteries. Sending out press releases is fast and free, but building supply chains takes years and billions, so one indication of whether the automaker’s announced deadline is a serious objective or a mere aspiration will be… Read more »
LG to produce Tesla’s new 4680 battery cell at Korean factory
Tesla has recently introduced several battery innovations, including the new tabless 4680 cell, which it is believed to be producing in small quantities on a pilot line at its Fremont plant. However, the California carmaker has no intention of trying to produce all the cells it needs on its own. “The reason Tesla is doing… Read more »
LG and Magna enter agreement to expand powertrain electrification
LG and Magna have announced a joint venture to manufacture e-motors, inverters, onboard chargers and related e-drive systems. The new company, tentatively called LG Magna e-Powertrain, combines Magna’s experience in automotive manufacturing with LG’s expertise in component development for e-motors and inverters. LG has plenty of experience in developing electric vehicle components, most notably for… Read more »
Does Tesla plan to acquire a stake in LG’s battery business?
A recent report that Tesla is aiming to acquire a stake in LG’s soon-to-be-separate battery business sent shares in the Korean electronics giant soaring. However, it appears to be too early to tell if and how such an acquisition will take place. LG Chem announced in mid-September that it plans to spin off its battery… 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 »
LG Chem increases carbon nanotube capacity by 1,200 tons
LG Chem recently announced that it will invest 65 billion South Korean won ($54 million) by Q1 of next year to add 1,200 tons of carbon nanotube (CNT) production capacity to its Yeosu, South Korea plant. Once the expansion is made, the company will have a total production capacity of 1,700 tons. LG Chem says… Read more »