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LG Chem

LG Chem will establish EV battery plant in Poland

Tue, 10/18/2016 - 09:17 -- Xuan Zhong

Korea’s battery maker LG Chem will build an Electric Vehicle (EV) battery plant in Wrocław, Poland.

The 41,300m2 EV battery plant aims to start production in the second half of 2017. LG Chem is investing around 400 billion KRW ($355million) in the plant by the end of 2018.

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LG Chem sign $2B lithium-ion supply deal with US electric vehicle firm

Mon, 10/10/2016 - 15:54 -- Xuan Zhong

Battery maker LG Chem is to supply lithium-ion cells to electric vehicle firm Faraday Future after the two companies formed a partnership.

Both companies have worked on a bespoke higher density EV battery technology for Faraday Future’s Varible Platform Architecture, the company’s universal and scalable modular battery structure.

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Deal rockets lithium-ion battery maker into new sales space

Mon, 07/25/2016 - 12:02 -- Paul Crompton
Deal rockets lithium-ion battery maker into new sales space

Korean battery giant LG Chem is to make a giant leap into a new application for its lithium-ion technology following a deal with NASA.

The company’s batteries will be used in spacesuits following successful internal short-circuit (ISC) stability tests by Nasa.

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China bus battery subsidy ban causes share slump for Korean suppliers

Wed, 02/03/2016 - 14:21 -- Paul Crompton
China bus battery subsidy ban causes share slump for Korean suppliers

Korean battery giants Samsung SDI and LG Chem saw shares slump by 10% and 7.1% respectively on news that Beijing will remove subsidies for nickel manganese cobalt (NMC) batteries for electric buses.

“There has not been enough safety verification or product development for new energy electric passenger vehicles,” said China’s Ministry of Equipment Industry Secretary Zhang Xiangmu, who added China had begun research into the chemistry late and could ‘not be sure’ about NMC batteries.

The decision has surprised some.

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LG Chem and AES sign multi-year Lithium-ion supply deal

Fri, 01/15/2016 - 11:41 -- Paul Crompton

A supply agreement deal between AES Energy Storage and LG Chem will bring a GWh of lithium-ion battery capacity on stream.

The multi-year agreement will see Korean firm LG Chem specifically design and configure its battery modules for AES’ Advancion grid-scale energy storage application.

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Korean firms fight for slice of Chinese EV market

Tue, 11/10/2015 - 15:15 -- Paul Crompton
Korean firms fight for slice of Chinese EV market

Just as Korean battery maker Samsung SDI claimed to be the first ‘top’ battery manufacturer to open an EV battery plant in China, competitor LG Chem says it has finished building a plant of its own.

Samsung says it has kicked off operations at its plant in Xi’an, central China, where it aims to produce 40,000 batteries a year. Further east, in Nanjing, LG Chem’s factory will churn out 50,000, the manufacturer claims.

Where LG Chem says it already has 16 local customers, including China’s top three automakers—Shanghai Automotive Group, Dongfeng Motor Group and the FAW Group—Samsung has only confirmed bus manufacturer Yutong and vehicle maker Foton.

In August, undisputed EV battery market leader Panasonic shut down a lithium-ion battery factory in Beijing, saying it wanted to concentrate on EV batteries—but the Japanese company has not reported any plans to do this in China.

The latest forecast by market research firm B3 showed that sales of electric vehicles in China grew more than five times to about 80,000 units in 2014, with the number projected to surge to 240,000 units next year.

The firm says the global market for EVs is forecast to reach 7.7 million vehicles by 2020, compared with 2.1 million in 2014.

LG Chem strengthens grip on China’s lithium EV market

Thu, 08/27/2015 - 12:17 -- Paul Crompton
LG Chem strengthens grip on China’s lithium EV market

Battery maker LG Chem has strengthened its already tight grip on China’s EV market with its latest deal to supply lithium batteries to the country’s top OEM.

The South Korean firm has inked a deal to supply Changan Automobile Co. with batteries for its next-generation plug-in hybrid electric vehicle (PHEV).

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3M and LG Chem join forces to expand use of NCM

Thu, 08/20/2015 - 12:30 -- Paul Crompton
3M and LG Chem join forces to expand use of NCM

US firm 3M and LG Chem have joined forces to expand the use of nickel, cobalt, manganese (NCM) in lithium-ion batteries. 

The new patent licence agreement aims to accelerate the adoption of NCM technology in electric vehicles, said 3M Electronics Materials Division business manager Christian Milker.

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LG Chem closes South Korean facility but launches home ESS

Tue, 08/11/2015 - 11:14 -- Paul Crompton
LG Chem closes South Korean facility but launches home ESS

Poor profitability has led LG Chem is to sell off its secondary battery separator production facilities in Ochang, South Korea.

The company will dispose of its facilities in the plant, according to a BusinessKorea report.

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Japanese OEM set to buy Li-ion batteries from LG Chem

Thu, 07/30/2015 - 11:39 -- Paul Crompton
Japanese OEM set to buy Li-ion batteries from LG Chem

Automobile OEM Nissan is looking for a new manufacturer for its electric vehicle lithium-ion batteries rather than build its own, its CEO Carlos Ghosn told the Wall Street Journal.

Nissan is likely to use LG Chem batteries, Ghosn told the US newspaper.

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