South Korean battery cell manufacturers SK Innovation and LG Energy Solution have reached a settlement in their year-long legal dispute. Both companies agreed to stop all legal proceedings in the US and South Korea and to refrain from suing each other for the next ten years.
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Hyundai’s recall of the Kona EV due to allegedly faulty cells supplied by LG continues to be a bumpy road. Some owners told Reuters of delays and poor communication, adding fuel to a long story that yet awaits an adequate solution.
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SK Innovation is considering exiting its battery business in the US if President Joe Biden does not reverse the US Trade Commission’s ruling in the South Korean battery cell maker’s lawsuit in favour of SKI rival LG Chem by 11 April.
Weiterlesen It looks like Volkswagen will not rely on its South Korean suppliers LG Chem, and SK Innovation for the planned new standard battery cell format announced at the Power Day this Monday.
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The South Korean battery cell manufacturer LG Energy Solution has announced that it will invest more than 4.5 billion US dollars (just under 3.8 billion euros) by 2025 to expand its production capacities in the USA by 70 GWh to 110 GWh. At least two new factories are planned.
Weiterlesen The legal dispute between the two South Korean battery manufacturers LG Chem and SK Innovation in the USA has been decided – in favour of LG Chem or LG Energy Solution. The ruling also has consequences for Ford and Volkswagen.
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SQM (Sociedad Química and Minera de Chile) has entered into a long-term agreement to supply lithium products to LG Energy Solution, the recently independent battery division of LG Chem. The contract is expected to run through 2029.
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LG Chem has now officially completed the spin-off of its battery division. The new company is apparently also going to significantly increase the production of battery cells for Tesla, which will include Giga Berlin in Germany.
Weiterlesen LG Chem has completed the development of its Module Pack Integrated Platform (MPI). With the new platform, the battery specialist is pursuing a similar approach to CATL with its cell-to-pack battery whereby the cells are integrated directly into the battery pack instead of first being built into modules.
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The Kona Electric battery fires now have resulted in legal repercussions for Hyundai. Around 200 owners of the model have filed a class action lawsuit against the Korean car manufacturer.
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According to Chinese media reports, Tesla has signed a contract with LG Chem to supply battery cells for the Model Y made in China. Specifically, LG Chem will supply NMC cells for the Long Range and Performance versions of Tesla’s midsize SUV.
Weiterlesen According to a South Korean media report, LG Chem will invest another 500 million US dollars in its battery cell factories in Nanjing, China, apparently to expand production capacity for Tesla.
Weiterlesen LG Chem has announced that it will triple production capacity for its cylindrical battery cells used by Tesla and other OEMs. The Korean company is also considering expansion in Europe and North America to meet the growing demand.
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Several state-owned Indonesian companies are planning a joint venture for batteries for electric vehicles. The joint venture, called Indonesia Battery Holding, is to contribute to the development of the entire industry.
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In South Korea, Hyundai has had to recall around 25,000 Kona Electric for a faulty battery part. This follows around 13 incidents involving the LG Chem batteries of Kona electric cars. It is unclear if other markets are affected as well.
Weiterlesen Tesla is considering taking a stake in LG Energy Solution, LG Chem’s planned battery subsidiary reports local media. Tesla has also signed a supply contract for lithium from the USA.
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LG Chem of South Korea announces its newly developed lithium-sulfur batteries helped an unmanned aircraft (UAV) complete a test flight into the stratosphere. The drone with broad wings and solar cells also set a national altitude record.
Weiterlesen South Korean electric vehicle battery manufacturers more than doubled their market share between January and July 2020. In general, the market contracted by 16.8 per cent from 64.1 to 53.3 GWh capacity during the first seven months of the year due to corona.
Weiterlesen After a preliminary ruling in favour of LG Chem was issued in the U.S. regarding the legal dispute between the South Korean battery manufacturers LG Chem and SK Innovation, the legal dispute between the two companies continued in South Korea – and a ruling has been made.
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Due to delivery problems with battery cells, Audi had to stop production of the e-tron quattro in Brussels in spring. In an interview, the new Audi boss said that the problem has been solved and spoke about the goals of the Artemis project.
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Volvo Cars has invested in Circulor, a British blockchain specialist so that the Swedish car manufacturer can make the origin of raw materials more transparent in future. The two companies have not disclosed the amount of the investment.
Weiterlesen LG Chem wants to convert part of its battery cell production in South Korea for the manufacture of Tesla batteries. According to a media report, the capacity at LG Chem’s plant in Nanjing, China, which has been supplying Tesla’s Shanghai Gigafactory up to now, is no longer sufficient.
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Hyundai, Kia and LG Chem have launched a start-up competition to identify promising newcomers in the field of e-mobility. The ‘EV & Battery Challenge’ calls domestic and foreign start-ups developing technologies and business models for EVs and batteries.
Weiterlesen Battery cell manufacturer LG Chem has signed loan agreements with three South Korean banks for a total of 700 billion won – equivalent to around 550 million euros – to finance the expansion of its production capacities in Poland.
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Audi is planning an assembly plant for electric car battery packs near its plant in Ingolstadt. The cells for this are to continue to come from LG Chem. The Korean battery manufacturer also received a loan from the EIB for the expansion of the plant in Poland to what they say will be the world’s […]
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Volvo Cars has inaugurated a battery assembly line at its Belgian production site in Ghent. Batteries for the XC40 Recharge P8 will start rolling off assembly lines at the Ghent plant from March, while the production of the first electric Volvo is also scheduled to start in Ghent in the autumn.
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Lucid Motors has signed a long-term supply contract with LG Chem. The contract covers the supply of LG Chem battery cells for the standard version of the Lucid Air electric sedan until 2023.
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Renault has introduced the Twingo Z.E. and announced that sales are scheduled to launch at the end of this year. The battery-electric version of the small car will be equipped with an electric motor with 60 kW output and a water-cooled battery pack with a capacity of 21 kWh.
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Audi is completely stopping production of the e-tron in Brussels for a few days due to supply chain issues. Short-time work has been announced for the plant, as the company has confirmed.
Weiterlesen The US Trade Commission (ITC) has given a preliminary ruling on the legal dispute between the two South Korean battery manufacturers LG Chem and SK Innovation in the USA. The ITC has ruled in favour of LG Chem, and a final decision is expected by 5 October.
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