LG Electronics intensifies its EV motors production

LG Energy Solution is showcasing its world-beating battery technologies and solutions at Korea's largest secondary battery trade fair, InterBattery 2021, from June 9 to 11 in Seoul's Coex Convention & Exhibition Center. This marks LG Energy Solution's first appearance at the trade show hosted by the Ministry of Trade, Industry and Energy in association with the Korea Battery Industry Association. In the ESG Zone, as...

9 June 2021

Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, announced a more than $2.3 billion investment to build its second battery cell manufacturing plant in the United States. The facility will be located in Spring Hill, Tennessee. Ultium Cells will build the new plant on land leased from GM. The new battery cell plant will create 1,300 new jobs. Construction on the approximately 2.8...

18 April 2021

This morning, SK Innovation announced that it has reached an agreement with LG Energy Solution to settle the U.S. ITC battery dispute on April 11th (KST). Under this agreement, all on-going litigation, including the ITC matter starting from April 2019, will be closed. The two companies agreed that SK Innovation will provide LG Energy Solution a total of 2 trillion won (USD $1.8 billion) apportioned into lump-sum...

12 April 2021

LG Energy Solution announced that by the end of 2025, the company will invest more than $4.5 billion (KRW 5 trillion) in the company's own USA business to further expand its battery production capacity. This new investment will allow the company to create a total of over 10,000 more jobs for new LG employees and subcontractors while securing an additional 70GWh in the USA alone, and will be in addition to current...

12 March 2021

Jakarta Globe has reported on December 19 that the day before the Comprehensive Economic Partnership Agreement Signing Ceremony was held in Indonesia. The Indonesia-South Korea Comprehensive Economic Partnership Agreement (IK-CEPA) was signed by Trade Minister Agus Suparmanto and his South Korean counterpart, Trade, Industry, and Energy Minister Sung Yun-mo. As part of the event, the country's officials and LG...

30 December 2020

LG and Magna announced a joint venture (JV) to manufacture e-motors, inverters and onboard chargers and, for certain automakers, related e-drive systems to support the growing global shift toward vehicle electrification. The new company, tentatively called LG Magna e-Powertrain, marries Magna's strength in electric powertrain systems and world-class automotive manufacturing with LG’s expertise in component...

23 December 2020

Today, LG and Hyundai presented the IONIQ Concept Cabin - a project that combines the companies' strengths and experience in consumer lifestyle convenience and EVs. The most eye-catching feature of the IONIQ Concept Cabin is the flexible OLED display that covers much of the ceiling of the vehicle's interior. Rear passengers can adjust the degree of curvature of the display with intuitive hand gestures for the...

24 September 2020

LG Chem is starting the production of new anode materials that will increase the range of EVs. These are found in the NCM711 batteries and according to "people familiar with the matter" who spole to The Elec on Monday, LG Chem's factory in Polan has already begun supplying Volkswagen for the ID.4 and Renault for the ZOE with such batteries. It is expected that the NCM712 batteries will replace the NCM622 ones in LG...

8 September 2020

Various Korean media report that the SK Innovation has started the construction of its second EV battery plant in the USA. The site is located in Jackson County, Georgia. The initially planned inauguration event was canceled due to the state of an emergency caused by the Covid-19 spreading. The annual production capacity of the second factory will be around 11.7GWh. Combined with the capacity of the first factory...

9 July 2020

According to the latest reports from South Korea, LG Chem has introduced a production process that can increase the production of EV batteries. The new process increases the capacity of the equipment for battery materials. Along with the wide-range and high-speed technologies used in the assembly process, it is expected to help significantly in enhancing battery productivity. According to industry reports from...

25 March 2020

Various Korean media report that LG Chem will supply between 10GWh and 13GWh of EV batteries to Tesla for its Gigafactory in China. This exceeds CATL's supply to Tesla in China. Last year LG Chem was approved as a Tesla battery supplier for cylindrical NCM811 batteries. This type of batteries has a ratio of nickel, cobalt, and manganese of 8:1:1. It is characterized by increasing the nickel content to improve energy...

16 March 2020

According to industry insiders, LG Chem will source winding and stacking process equipment from Lead China for its Nanjing battery plant. These are used for cylindrical and pouch type battery production lines. The deal has been confirmed by both companies. Winding equipment is used to roll up cathode materials, separators, etc. in what is called a jelly roll. The jelly roll is put into a metal cylindrical case to...

4 January 2020

Korean news agency Yonhap reports that LG Chem has signed an agreement with one of the key Chinese producers of lithium to secure lithium hydroxide supplies for its EV batteries production. The information comes from "industry sources." The company in question is Tianqi Lithium Kwinana (TLK) Pty Ltd., in Australia, a subsidiary of the China-based Tianqi Lithium Corp. The latter is the world's third producer of the...

23 August 2019

Yesterday, LG Chem held in Seoul a special press conference unveiling the main management tasks, mid- and long-term strategies of the company. This also the first press conference of LG Chem's CEO Shin Hak-chul after his inauguration at the LG Twin Tower in Yeouido, Seoul on September 9. The main goal of LG Chem is to enter the top five chemical companies in the world with sales of KRW 59 trillion in sales over the...

9 July 2019