Apr 6, 2022 - 01:58 pm
NHTSA investigates LG ES battery recalls
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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Feb 17, 2022 - 02:16 pm
General Motors to pick up Bolt production in April
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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Jan 4, 2022 - 01:48 pm
LG Chem announces new cathode plant
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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Dec 15, 2021 - 02:01 pm
Li-Cycle and LG enter into recycling and nickel agreement
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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Nov 15, 2021 - 04:38 pm
Toray & LG Chem launch battery separator JV in Hungary
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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Sep 21, 2021 - 03:40 pm
GM declares Bolt battery problems solved
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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Jul 15, 2021 - 01:29 pm
LG Chem to invest 6 trillion won in battery business
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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May 26, 2021 - 12:21 pm
LG Energy Solution to set up battery plant in Indonesia
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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Apr 12, 2021 - 11:31 am
SK Innovation & LG Energy Solution settle US legal battle
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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Apr 7, 2021 - 04:50 pm
Kona Electric battery recall keeps troubling Hyundai
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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Mar 12, 2021 - 01:26 pm
LG aims for 110 GWh cell production in the USA by 2025
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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Feb 11, 2021 - 10:43 am
LG Chem wins one legal fight in the battle with SK
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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Dec 2, 2020 - 11:46 am
LG Chem completes battery spin-off
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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Nov 30, 2020 - 05:53 pm
LG Chem ready to do away with battery modules
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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Nov 24, 2020 - 11:06 am
Kona owners unhappy with software fix
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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Nov 23, 2020 - 10:44 am
LG Chem may supply cells for Tesla China Model Y
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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Oct 22, 2020 - 03:03 pm
LG Chem to triple cylindrical battery cell production
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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Oct 14, 2020 - 03:40 pm
Battery joint venture taking shape in Indonesia
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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Oct 8, 2020 - 02:48 pm
Hyundai recalls 25,000 Kona models in Korea
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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Sep 11, 2020 - 04:25 pm
LG Chem proves Li-sulfur battery stable in high flight
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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Sep 9, 2020 - 02:37 pm
Good year for South Korean battery production
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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