The Volvo Car Group has signed long-term contracts with CATL and LG Chem to ensure battery supply for the next generation of Volvo and Polestar electric models over the next decade. The orders are worth several billion dollars.
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Mercedes is planning to produce 100 fully electric EQC SUVs every day this year, according to a manager. The company opened the order books for the EQC just a few days ago.
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The U.S.-owned subsidiary of the South Korean battery cell manufacturer LG Chem has filed two lawsuits in the USA against its South Korean competitor SK Innovation. The accusation: Employees hired by LG Chem are said to have disclosed business secrets of the company.
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Audi has reduced the e-tron production target for this year at its Brussels plant by more than 10,000 units to 45,242 units, due to supply issues. Also, production of Audi’s second electric model, the e-tron Sportback, is to be postponed until 2020.
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VinFast has established a joint venture with LG Chem to produce battery packs for the Vietnamese start-up’s electric scooters and future electric cars. The two companies already signed a letter of intent in September 2018 to cooperate on EV batteries.
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Audi is reportedly having problems with the battery supply from the supplier LG Chem for their electric e-tron. Audi is therefore currently only able to produce about half of the originally announced 300 e-tron units per day at its plant in Brussels.
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The Canadian manufacturer Lion Electric, known for its electric school buses, is now starting the expansion of its range of commercial electric vehicles with the launch of its first electric truck in the US vehicle category of Class 8.
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The Volkswagen Group has just announced that over the next ten years it will build 22 million electric vehicles on company-owned electric-platforms, which means some seven million more than previously planned. It will also increase the number of electric models.
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Volkswagen’s presumed plans to enter the mass production of battery cells for electric cars with the support of its Korean partner SK Innovation are apparently being torpedoed by the other cell suppliers who have been active for Volkswagen to date.
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The European Commission has authorised Polish investment aid of €36 million for a new LG Chem plant in the south-western region of Poland, Dolnośląskie (Lower Silesia). This corresponds with recent rumours about a project by the Korean company.
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Nissan has set a new date for finally introducing the lastly delayed new Leaf EV with 60 kWh battery. Our colleagues in Germany gathered information in dealer circles, more precisely at a Nissan event last night. There the Japanese carmaker informed its partners that the Leaf will debut at the CES in Las Vegas on […]
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South Korean battery maker LG Chem is planning to triple their production capacities in Poland in order to produce enough battery cells for 300,000 EVs annually, over the current 100,000 units. The recent order by Volkswagen bolsters LG’s expansion.
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Analysts from UBS teamed up with engineers to figure out which electric vehicle batteries made by established manufacturers offer the best value. They concluded that cells made by Panasonic in Tesla’s Gigafactory are 20 per cent more cost efficient than the next best on offer from LG Chem.
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Germany’s Federal Minister for Economic Affairs and Energy, Peter Altmaier, wants to have about 30% of global battery production in 2030 take place in Europe. What this would entail in terms of factories is described below.
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Korea’s three largest battery manufacturers announce the creation of a 100 billion won fund (about €78M). SK Innovation, LG Chem and Samsung SDI thus aim to promote R&D of battery technologies and to support promising start-ups.
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Audi’s first electric vehicle appears to be late for series production. A German newspaper has reported that the e-tron will now launch with at least four weeks delay. Similar problems are also affecting other companies, such as Tesla or e.GO.
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Volkswagen is intensifying their electrification efforts and have agreed a biweekly meeting with LG Chem. Thomas Ulbrich, VW’s man for e-mobility called the gathering of executives a “task force” that is to secure their timely supply of batteries for VW.
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LG Chem has agreed to deliver batteries for electric scooters produced by the Vietnamese startup VinFast. The latter is part of the Vingroup that also makes smartphones and electric buses which will also use LG Chem batteries.
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In order to boost GM’s Chevy Bolt production by more than 20% this Fall, as planned, a new LG factory is being set up in Michigan, where they will supply battery packs to the GM assembly facility in Orion, where the Bolt is being manufactured.
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Jaguar Land Rover will be investing in Samsung battery cells soon, according to insiders. Apparently the Brits are interested in the cylindrical battery cells from Samsung SDI for future models as of 2020. The Korean battery manufacturer will reportedly upgrade their Hungary factory with a new production line for 21700 cells.
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The South Korean battery manufacturer LG Chem has signed an agreement with the Chinese Ganfeng Lithium to supply 48,000 tonnes of lithium hydroxide for electric vehicle batteries until 2022.
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Berlin-based startup Simple Mobility is making an electric scooter at a price below 2,000 euros. Their Simple eScooter uses Bosch technology in form of a 1,500 Watt electric motor and two battery options. They last for 50 or 100 km respectively. It sells online only.
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LG Chem has announced plans to construct a second battery plant in China for EVs. The new factory will be set in Nanjing like the first, and construction will begin this October. Battery production will likely start exactly a year later.
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LG Chem has signed a five-year deal with Nemaska Lithium, a Canadian supplier of lithium hydroxide. The deal is set to begin in late 2020 and covers 7,000 tons of lithium hydroxide per annum.
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General Motors and Honda have announced a battery cooperation for future electric vehicles. Both manufacturers want to work on the development of next generation battery components and technology.
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Korea’s largest battery makers LG Chem and Samsung SDI are losing market shares to competitors from China, SNE Research finds. They pin the loss to increased domestic demand in China from electric buses and trucks. CATL appears to have benefitted the most.
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Geely may have found a loophole in the protectionist laws surrounding Chinese subventions, which only allow for vehicles with batteries made in China.
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Startup ION Energy presents its latest energy storage solution. The UDYR is a portable and modular battery using NMC cells from LG Chem. The young company aims for the market of electric two- and three-wheelers with an easy integration approach.
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BMZ, a battery assembly specialist in Germany, has made a deal with Korea’s LG Chem over the delivery of a couple hundreds of million of cells throughout 2022. The German supplier wants to secure its own supply in order to fulfill its obligations with makers of all sorts of (light) electric vehicles.
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In a move to secure its cobalt supply for lithium batteries, Korea’s LG Chem has agreed to build two joint ventures with China’s Zhejiang Huayou Cobalt. The JVs are expected to start producing 40,000t a year of precursors and cathodes from 2020.
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