LG Chem has formed a joint venture with B&M, a subsidiary of the Chinese company Huayou Cobalt, to produce cathode materials. A second joint venture is to be set up with Kemco to manufacture precursors for cathodes.
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A South Korean consortium led by LG has signed an agreement with Indonesian state-owned companies for a project worth around nine billion US dollars. The project aims to build a complete value chain for electric vehicle batteries.
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The US Federal Highway and Vehicle Safety Administration is moving to investigate LG Energy Solution’s faulty battery cells that led to fires in electric cars and plug-in hybrids. The National Highway Traffic Safety Administration wants to ensure that all defective batteries have been recalled by car manufacturers.
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GM said it will restart production of its Chevrolet Bolt and Bolt EUV on April 4, as it continues to fix defective batteries as part of a global recall on the cars. This follows the idling of the Orion plant last summer, a production restart and another idle period last year.
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LG Chem will invest 475.4 billion won (about 354 million euros) in a cathode materials plant, according to the Korean Ministry of Trade. Construction of the plant with a planned annual capacity of 60,000 tonnes in the South Korean city of Gumi is to begin this month.
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The Canadian battery recycler Li-Cycle has concluded a still non-binding memorandum of understanding with South Korea’s LG Chem and its battery division LG Energy Solution for the supply of scrap from battery production and complete lithium-ion batteries for recycling as well as for the purchase of nickel.
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The chemical companies Toray Industries from Japan and LG Chem from South Korea have agreed to set up a joint venture for battery separator films in Hungary. The separator films for electric car batteries will then be purchased by LG Group in Europe and the USA.
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The long-running battery problems with the Chevrolet Bolt have finally been resolved, according to General Motors. Production of the batteries has resumed, according to the company. Battery modules to replace defective ones should be available from October.
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The faulty LG battery cells that led to major recalls for electric cars from GM and Hyundai originate from at least two Asian plants of the battery manufacturer, specifically in South Korea and China, according to new findings.
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Lithium supplier Vulcan Energy has signed a long-term supply contract with Korean battery manufacturer LG Energy Solution (LGES). What’s special: Vulcan Energy wants to extract its lithium from thermal water in the Upper Rhine Graben.
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LG Chem is aiming to invest 6 trillion won (4.4 billion euros or 5.2 billion dollars) in the expansion of its battery materials business for electric cars by 2025. In this context, the South Koreans have announced that, among other things, they want to build a new factory for cathode material in South Korea’s Gumi.
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LG Energy Solution will build a US$1.2 billion battery factory in the Indonesian city of Bekasi, east of Jakarta, together with the state-owned Indonesia Battery Corporation (IBC), according to a media report. The initial annual capacity is to be 10 GWh.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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