Posts Tagged: LG Chem

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 »

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 »

VW secures battery supplies to support major EV expansion

Volkswagen says it has lined up 20 billion euros ($25 billion) worth of battery supplies to support a significant increase in EV production over the next few years. The world’s largest automaker will equip 16 factories to produce EVs by the end of 2022, compared with the three it has today. VW says it plans… Read more »