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Posts Tagged: LG Chem

Audi targets Tesla Model X with all-electric 311-mile e-tron quattro

In May, Audi said that it is developing “a sporty SUV with electric drive,” to be launched in 2018 (the company also plans to sell two plug-in SUV models in Asia in 2016). Now Audi has released teaser images of its e-tron quattro concept, which will be unveiled next month at the International Motor Show (IAA) 2015… Read more »

Volkswagen names LG Electronics one of its FAST suppliers

The Volkswagen Group has nominated 44 of its suppliers to collaborate on a new strategic level under the Future Automotive Supply Tracks (FAST) initiative. One of the first batch of preferred suppliers is LG Electronics, which provides high-voltage batteries for the Group’s various plug-in vehicles. Volkswagen launched the FAST program in February with the aim… Read more »

3M licenses NMC patents to LG Chem

3M and LG Chem have formed a patent license agreement to allow the Korean battery-maker to use 3M’s formulation of nickel manganese cobalt oxide (NMC) cathode materials in lithium-ion batteries. NMC, valued for its balance of power, energy, thermal stability and low cost, has been the subject of some rivalry and at least one lawsuit…. Read more »

LG Chem inks battery deal with Great Wall

Korean battery-maker LG Chem has made a deal with China’s Great Wall Motor to supply lithium-ion batteries for the carmaker’s upcoming plug-in hybrid SUVs, which are scheduled to go into production in 2017. LG Chem has extended its cooperation with Chinese carmakers in recent years, and with the Great Wall deal, the company says that… Read more »

LG Chem Power CEO: We’re the Li-ion leader for PEVs because of material science

Q&A with LG Chem Power’s CEO: Dr. Prabhakar Patil on how the company became a Li-ion battery front-runner, the economics of building batteries, and why it spends little energy on what comes after lithium. Among Tier 1 automotive suppliers of lithium-ion cells, LG Chem is off to a clear lead, based on the number of announced… Read more »

Eguana and LG Chem partner on residential energy storage system

Tesla may have some competition in the residential storage market. Battery giant LG Chem has partnered with Eguana Technologies to develop a modular energy storage system called AC Battery. AC Battery is targeted at homeowners who want to store electricity from solar panels for later use. However it could also be aggregated for small commercial… Read more »

Daimler subsidiary Li-Tec to cease production of battery cells

Daimler subsidiary Li-Tec will stop producing Li-ion battery cells in December, closing the only German factory currently producing cells for EVs. “Our cells are very good, but at current production figures far too expensive,” Daimler Manager Harald Kröger told Der Spiegel. “We have realized that a car manufacturer does not have to produce the cells… Read more »

Industry experts discuss the fascinating road ahead for EV batteries

What’s really going on with batteries? A recent panel discussion from Autoline (via Green Car Reports) asked three experts – one from one of the world’s biggest battery concerns, one from a promising startup, and one academic – and they see great things ahead. Host John McElroy starts out the way all mainstream media stories on EVs do… Read more »

LG Chem breaks ground on Chinese battery plant

Korean battery giant LG Chem held a ground-breaking ceremony this week in Nanjing, China, where it started construction on a new EV battery plant. The new facility will be able to produce enough batteries annually to supply more than 100,000 EVs when it opens by the end of 2015. It will supply batteries to Chinese… Read more »

LG Chem means to have a 25 percent share of a growing EV battery market

After years of disappointment, the EV market is ready to grow, predicts Prabhakar Patil, CEO of LG Chem Power, and the Korean battery maker means to be one of the top players. “We expect to have a 25 percent share [of the global battery market],” Patil told Automotive News. “We know that we will be… Read more »