Posts Tagged: LG Chem

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 »

Tesla to use LG’s new NCMA cathode materials in Chinese Model Y

Over the last few years, Tesla has been diversifying its battery supply chain, working with new suppliers and trying out new chemistries in its cells. Gigafactory Shanghai, which is geographically close to the Asian firms that currently supply most of the world’s Li-ion cells, has been the center of the automaker’s brave new battery biz…. 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 »

Majority of demand for nickel and cobalt coming from 5 battery suppliers

In 2019, over 59,000 tons of nickel and 14,400 tons of cobalt were deployed globally in passenger EV batteries, a one-year increase of 39% and 34%, respectively, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. Panasonic used  51% of the global market share of nickel (down from 56% in 2018),… Read more »

GM shows 12 future EVs, new Ultium battery system

General Motors opened the doors of its Design Center Wednesday to show off a promised lineup of future electric vehicles to be sold in North America by Chevrolet, Cadillac, GMC, and Buick—a dozen vehicles all told, part of the 20 new EVs by 2023 it promised more than two years ago. Sadly, the journalist-only event… 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 »

VW chooses SK Innovations as additional battery supplier for North America and Europe

The Volkswagen Group has added South Korean battery cell manufacturer SK Innovation (SKI) to its stable of battery suppliers. SKI will supply the batteries for VW’s North American sales and a portion of the batteries for its European pure EVs. VW’s Roadmap E strategy calls for the Group to bring 50 new fully electric models… Read more »