Ultium Cells is hiring, announces 1,100 vacant places

Back in September, LG announced that its EV battery business will be split off from LG Chem. As of today, the new company named LG Energy Solutions is a fact launching as a wholly-owned subsidiary of LG Chem. In addition to EV batteries, it also offers energy storage system solutions and small-sized IT & new application batteries. The new business entity is headed by Kim Jong-hyun as the company's CEO. He has the...

1 December 2020

Following Tesla, LG Chem has developed its own module pack integrated platform (MPI) that will reduce the modules in batteries allowing for a double increase in cells used inside. Moreover, the battery will be 30% cheaper and will have a higher energy density by 10%. This is a unibody design with a module-less structure similar to CATL's cell-to-pack battery fitted on the Tesla Model 3. LG Chem is already working on...

30 November 2020

General Motors has announced an ambitious plan for its development as an EV manufacturer for the next decade. For starters, GM plans on launching 30 new electric vehicles around the globe by 2025. More than 20 of those will be available in North America. Cadillac, GMC, Chevrolet, and Buick will all be represented, with EVs at all price points for work, adventure, performance, and family use. At the end of the...

19 November 2020

According to South Korean news outlet The Elec, LG Chem will increase its investment in its second Nanjing, China factory with USD 500 million. Another USD 300 million will go to the auto-component factory at Nanjing which will produce motors, converters, displays, radars, and other components. The investments in the two factories will continue and it is expected that LG Chem will spend more than USD 19 billion of...

4 November 2020

According to the Chinese market research firm Battery China, a total of 6.6GWh of EV batteries were deployed in September on the Chinese market which marks a 66.4% YoY increase and a 28.3% MoM increase. CATL took first place with a 47.1% market share, followed by BYD with a 14.4% share and LG Chem with a 13.8% share. LG Chem's local performance is entirely dependent on the Tesla Model 3 orders. Vehicles from the...

28 October 2020

GMC has presented the long-awaited 2022 HUMMER EV Edition 1 all-electric supertruck. The vehicle is based on GM's new Ultium battery and new EV propulsion technology - Ultium Drive. The Ultium battery consists of double-stacked 24 modules for a driving range of 350+ miles based on preliminary GM testing. It is capable with 800V DC public charging system of up to 350kW enabling enabling nearly 100 miles of range in...

21 October 2020

In a teaser press release, GM once again reminds the auditory that the 2021 GMC Hummer EV will be unveiled on October 20th. The Earnhardt Hummer Reservation Center expects to log its first reservations as soon as GMC gives the go-ahead on Oct. 20. The vehicle will be based on the new GM BT1 electric vehicle platform with a single- or dual-motor configuration. It will offer 1,000 hp of power and 11,500 lb.ft. of...

15 October 2020

According to data from the Chinese market tracker Gaogang Industry Institute, cited by The Elec, LG Chem has increased the supply of NCM811 batteries. From January to July this year, the company has accumulated 2.5 GWh in the supply of NCM811 batteries. This increase is due mainly to the supply of 21700 batteries for the Tesla Model 3 in China. The Gaogang Industry Institute also notes that CATL is expanding its...

14 October 2020

According to the latest report by SNE Research, LG Chem holds the first place in the global EV battery market according to GWh shipped in the January-August period of 2020. The Korean giant holds 15.9% of the market. However, CATL is quickly catching up with 15.5% market share. They are followed by Panasonic with 12.4%, Samsung with 4.1%, and BYD with 3.7%. During the January-August period of 2020, the total amount...

10 October 2020

If you reside in the USA, you will be able to see the GMC Hummer EV all-electric pickup truck for the first time during a commercial break for Game 1 of the MLB World Series on October 20th at 8 PM ET. It will also simultaneously appear during coverage of NBC's The Voice. The short film will appear on YouTube and social pages at one and the same time. The GMC Hummer EV will be based on the new GM BT1 electric...

7 October 2020

South Korean news outlet The Elec reports that LG Chem will make five different Ultium battery models for General Motors starting in 2022. They will be used on EVs from Cadillac, Chevrolet, GMC SUVs and pick-up trucks. These are nickel, cobalt, manganese and aluminum (NCMA) cells with an elongated design. Depending on the car, some of them will be even ultra-long. Long cells are those with more than 50 cm in length...

6 October 2020

Today, SAIC-GM unveiled the Buick Electra - a concept all-electric vehicle which was showcased at the Shanghai Himalayas Art Museum. The concept has been developed by SAIC General Motors Pan-Asian Automotive Technology Center and not only pays tribute to the classic 60s models through the model naming but also interprets the modern electrification design language. The design follows the principle of purity creating...

29 September 2020

We have already informed you that LG Chem plans on slitting off its battery business. The rumor has turned out to be true and today the company held that important board meeting during which the decision to do so was taken. LG Chem will establish a wholly-owned battery subsidiary dubbed LG Energy Solutions and shore up investments through a public listing in the future. The actual split off will take place on...

17 September 2020

Various Korean media report that LG Chem plans on splitting off its battery business. A board meeting is expected to happen today to approve this move. As a result, LG Chem will form a new wholly-owned subsidiary for the EV battery business within the first half of 2021. LG Corp will own LG Chem, and LG Chem will wholly own the newly formed battery company. "For LG Chem to digest battery orders, it needs to increase...

17 September 2020