Mar 20, 2023 - 03:27 pm
LG Chem to enforce battery patents in court if necessary
South Korean chemical company LG Chem has a clear message for its competitors: It wants to “dominate” the global market for advanced EV batteries and – if it has to – enforce its patent rights for cathode materials with a high nickel content in court.
Feb 17, 2023 - 12:13 pm
LG Chem secures Canadian lithium from Piedmont
LG Chem has secured lithium from North America. The South Korean chemical company has signed offtake agreements with Piedmont Lithium for a total of 200,000 metric tons of spodumene concentrate (SC6). In addition, LG has also taken a financial stake in Piedmont.
Jan 23, 2023 - 02:27 pm
GM & LG drop plans for fourth US battery factory
General Motors and LG Energy Solution are apparently not pursuing their plan for a fourth joint battery cell plant in the USA. GM could instead build the planned plant in Indiana with a new partner at its side.
Dec 21, 2022 - 01:41 pm
LG Chem invests in recycling specialist Jae Young Tech
The South Korean chemical company LG Chem has invested 24 billion won (approx. 17.6 million euros) in Jae Young Tech, a battery recycling specialist also based in South Korea. However, the joint plans mainly relate to North America.
Nov 22, 2022 - 02:30 pm
LG Chem to build cathode plant in the USA
The South Korean battery cell manufacturer LG Chem has announced the construction of the largest factory for the production of cathode materials for electric car batteries on American soil. This will be built in Clarksville in the state of Tennessee with an investment of 3.2 billion US dollars.
Aug 8, 2022 - 02:48 pm
Chevy Bolt owners can get some money back, but at a price
Chevrolet had reduced the price of its Bolt EV by up to $6,000 in the US this summer. Jalopnik reports that owners who bought their Bolt before the price cut took effect are now also being offered said credit. However, existing owners should read the fine print carefully.
Jul 27, 2022 - 01:56 pm
GM secures battery materials from LG Chem & Livent
The US manufacturer General Motors has signed agreements with LG Chem and Livent for the supply of battery materials. The company sees this as strengthening its goal of reaching one million units of electric vehicles in North America by the end of 2025.
Jun 7, 2022 - 04:21 pm
LG founds two joint ventures for battery components
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.