South Korean battery manufacturer LG Energy Solution (LGES) and US battery materials company Novonix have signed an agreement to develop artificial graphite anode material for lithium-ion batteries. A supply contract could follow soon.
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Hyundai Motor Group and LG Energy Solution have announced a joint venture to produce battery cells for electric cars in the USA. The Korean companies will invest over $4.3 bn and hold the JV equally. The selected site is the state of Georgia which is no stranger to Hyundai.
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South Korean battery manufacturer LG Energy Solution (LGES) is investing in Australian-based lithium miner Green Technology Metals (GT1) and has signed a preliminary supply agreement with GT1 for North America.
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Stellantis and LG Energy Solution are suspending work on their battery factory announced last year in Windsor in the Canadian province of Ontario.
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The South Korean battery manufacturer LG Energy Solution has signed a letter of intent with the Chinese Yahua Industrial Group to produce lithium hydroxide in Morocco. The location was a strategic choice.
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The battery factory that LG Energy Solution (LGES) is planning in Arizona will be significantly larger than previously communicated. The capacity for round cells is now higher, and an additional production facility for pouch cells with LFP cell chemistry is also to be built on the site.
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Honda has published more details on the conversion of its plants in the US state of Ohio for the future production of electric cars and the components for them. The Marysville Auto Plant (MAP) will begin preparations for the production of electric cars in January 2024.
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According to an agency report, Panasonic and LG Energy Solution are to supply the 4680 cells for the Tesla Cybertruck. Apparently, this was not originally planned. Tesla is said to have not yet reached the targeted energy density with its own 4680 cells of the first generation.
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Honda and LG Energy Solution have begun constructing their joint venture battery cell factory in the US state of Ohio. The announced factory near Jeffersonville is expected to be operational by the end of 2025 with an annual production capacity of approximately 40 GWh.
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Ford has agreed with LG Energy Solution and Koç Holding to form a joint venture to build a large battery cell plant for electric commercial vehicles in Turkey. The plant in Turkey had originally been planned with SK ON.
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Freudenberg e-Power Systems (FEPS) and LG Energy Solution (LGES) have signed a multi-year contract to supply lithium-ion battery modules. This is Freudenberg’s response to increasing demand from its truck and bus customers in North America and Europe.
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General Motors is investing in the lithium producer Lithium Americas, thus securing access to the Thacker Pass mine in Nevada, the largest known source of lithium in the USA and the third largest in the world. In addition, GM has secured its supply for another component for its electric cars with a German company.
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General Motors reportedly wants to switch from pouch to round cells in future electric models. According to a media report, the change in cell format is also the reason why GM and LG Energy Solution apparently do not pursue their plan for a fourth joint US battery cell plant.
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Polestar gives its Polestar 2 a comprehensive update for the new model year, including new engines and more powerful batteries. The single-motor variants are now rear-wheel drive, analogous to the electric drive system update for the Volvo models XC40 and C40 – but with more power in the Polestar than in the Volvos.
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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.
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According to industry insiders, Ford is changing battery partners for its planned battery cell factory in Turkey in order to diversify its battery suppliers. Instead of using SK On, its rival LG Energy Solution is now being given the job.
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LG Energy Solution has announced a total investment of 4 trillion won (€2.9 billion) by the end of 2026 in its Ochang plant in South Korea to increase production capacity for electric car round cells and build a new research and development centre.
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Ultium Cells, the battery cell joint venture between General Motors and LG Energy Solution, is investing further money in its second plant in Spring Hill in the US state of Tennessee even before the start of operations in order to expand production capacities from the previously planned 35 GWh to 50 GWh per year.
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After Hyundai Motor Group began construction of its new electric car plant in the US state of Georgia at the end of October, the company is planning to build up to three battery factories there with a total capacity of 90 gigawatt-hours per year together with partners SK On and LG Energy Solution.
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Honda has announced two major investments in the US state of Ohio. 700 million US dollars will flow into the conversion of three existing car and powertrain plants for the production of electric cars. Another 3.5 billion US dollars will be invested in the joint venture with LG Energy Solution (LGES) for the construction of […]
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Battery manufacturer LG Energy Solution has signed cooperation agreements with three major suppliers in Canada for the supply of lithium and cobalt. The supply contract for cobalt sulphate is already binding, while the two lithium agreements still have to be finally negotiated.
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Ultium Cells LLC, the battery joint venture by GM and LG, has kicked-off production in Ohio, USA. The new battery plant is the first of potentially four to come online within the next few years and is currently making battery cells for GMC’s Hummer EV.
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Honda and LG Energy Solution have entered into an agreement to establish a joint venture for the production of batteries in the USA. The batteries will be used in Honda and Acura electric models in the North American market.
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Ultium Cells, the battery cell joint venture between General Motors and LG Energy Solution, is considering New Carlisle in the US state of Indiana as the site for its fourth factory, according to a company spokesperson.
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According to an analysis by the market research company SNE Research, electric vehicle batteries with a total capacity of 203.4 GWh were installed worldwide in the first half of 2022. The leading supplier was CATL with 70.9 GWh or a market share of 34.8 per cent.
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The US Department of Energy has announced that it will provide a $2.5 billion loan to the battery joint venture between General Motors and LG Energy Solution. Ultium Cells will use the money to finance the construction of new battery cell production facilities.
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Ford says it has secured all the battery cells it needs with a total capacity of 60 GWh per year to achieve an annual production rate of 600,000 electric cars by the end of 2023. In future, the American company will also use LFP cells from CATL.
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South Korean battery manufacturer LG Energy Solution has signed its first offtake agreement with a US-based lithium supplier. The agreement with Compass Minerals, which is still non-binding, provides for LGES to be supplied with lithium carbonate and lithium hydroxide from 2025.
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LG Energy Solution has announced the construction of a new production line at its Ochang plant in South Korea for 4680 round cells. The line is expected to have an annual production capacity of 9 GWh – and apparently produce cells for Tesla.
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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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