LG Energy Solution and Honda have agreed to establish a joint venture to produce lithium-ion batteries in the US to power Honda and Acura EV models for the North American market. The two companies will invest a total of $4.4 billion to establish a new US plant that will eventually have an annual production capacity… Read more »
LG Energy Solution is hosting LGES Battery Solution 2022—an international competition aimed at finding battery startups. Up to 10 finalists will win funding and a collaboration opportunity. Startups can compete in the areas of materials, management and control and the smart factory. Up to $1,000,000 cash prize will be awarded among all finalists of the… Read more »
LG Energy Solution has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a provider of essential minerals for producing battery-grade lithium. Under the terms of the MoU, Compass Minerals would supply LGES with lithium carbonate and hydroxide. LGES would be supplied with as much as 40% of Compass’s planned annual phase-one… Read more »
Stellantis and LG Energy Solution have named their new joint venture battery company NextStar Energy, and have appointed Danies Lee as CEO. Based on Stellantis and LG’s plan to invest $3.87 billion in setting up production, NextStar Energy will begin constructing a lithium-ion battery production plant in Windsor, Ontario later in 2022. Stellantis says production… Read more »
Li-Cycle, LG Chem (LGC) and LG Energy Solution (LGES) have agreed to cooperate on battery recycling and sales. Li-Cycle has agreed to recycle LGES’s battery manufacturing scrap and other lithium-ion battery material from its North American manufacturing sites over a 10-year period. Also, Li-Cycle has agreed to sell 20,000 tons of recycled nickel sulphate to… Read more »
As demand for EVs soars, US and European automakers are racing to establish localized battery production, and break the long-standing reliance on supply chains originating in Asia. There are currently at least a dozen battery “gigafactories” under construction or planned in Europe. LG Energy Solution claims that its battery cell factory in Wrocław, Poland, is… Read more »
A joint venture between battery-builder LG Energy Solution and automaker Stellantis will invest more than $5 billion Canadian ($4.1 billion US) to build an EV battery manufacturing plant in Windsor, Ontario, just across from Detroit. The battery facility will have an annual production capacity of 45 GWh, which will supply Stellantis plants in the North… Read more »
LG Energy Solution plans to invest $1.7 billion at its battery component plant in Holland, Michigan, an expansion that’s expected to quintuple the plant’s capacity. The facility manufactures large lithium-ion polymer battery cells and packs for EVs. The company is one of the largest employers in the community, and now has 1,495 employees in Michigan…. Read more »
LG Energy Solution (LGES) has selected Dr. Peter Kyungsuk Pyun for its newly created Chief Digital Officer (CDO) position. “Based on his accumulated experience in world-renowned firms, we expect LGES to take a further step forward in battery manufacturing processes by utilizing AI and big-data technology,” said an LGES spokesperson. After earning a PhD in… Read more »
Stellantis and LG Energy Solution have agreed to form a joint venture that will produce battery cells and modules for North America at a new production facility. The companies are obviously fans of EV journalist John Voelcker, who praised Ford and GM for announcing new battery facilities in a recent Car and Driver article, and… Read more »