General Motors and LG agree $19bn EV battery deal
February 08, 2024
US automotive giant General Motors will spend USD 19 billion sourcing raw materials from LG Chem for use in electric vehicle batteries.
LG teams up with Huayou for LFP cathode plant in Morocco
September 25, 2023
LG Chem and Huayou Group have signed an MoU to build a 50,000-ton-per-year lithium-phosphate-iron (LFP) plant in Morocco with mass production targeted for 2026.
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LG Chem to invest $3 billion in US cathode plant
November 28, 2022
LG Chem has signed a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility in Clarksville with an investment of more than USD 3 billion.
EU approves Polish state aid for LG Chem's expansion
March 21, 2022
The European Commission has found that Poland's EUR 95 million measure in favour of LG Chem is in line with EU State aid rules.
Renault's major push to become a force amongst EV players
June 29, 2021
The Renault Group has announced its strategy for EV battery design and production in France. A major part of the strategy comes to life through the signing of two major partnerships as well as the development of a gigafactory by 2024.
LG Chem invests in Chinese copper laminate company
May 18, 2021
In a move to strengthen its position in the value chain for batteries, LG Chem is investing KRW 40 billion (EUR 29 million) in China’s Jiujiang DeFu Technology (DeFu), a manufacturer of copper laminate, a core part of secondary batteries.
Another investment related to battery production in Hungary
December 15, 2020
Iljin Materials, a South Korean manufacturer of elecfoil, will establish its first European production unit in Hungary, where copper thin foil will be produced for batteries of electric cars.
General Motors invests in its electric future
October 22, 2020
General Motors says that its Spring Hill, Tennessee assembly plant will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles. The automaker also says that it will invest heavily in five Michigan plants.
LS Cable & System looking to expand with additional plant in Poland
October 08, 2020
The South Korean manufacturer is looking to expand its European production arm, LS EV Poland, and has reportedly acquired a 30’000 square metre plant site in Dzierzoniow, Poland.
LG Chem says it will split its battery business.
September 17, 2020
This will be a physical division in which LG Chem will possess all of the stocks issued by the new battery corporation and the company will possess 100% of the non-listed shares of the new corporation.
Chinese polarizer manufacturers to occupy over 40% of global production capacity
July 21, 2020
The display panel industry is expected to see limited growth in large-sized panel input area in 2020 due to the COVID-19 pandemic’s impact and the continued reduction of LCD production capacity in Korea, according to TrendForce’s latest investigations.
Tesla plans battery manufacturing facility in California
June 25, 2020
Electric car manufacturer Tesla plans to build a battery research and manufacturing facility in Fremont, California. N, to be operated around the clock, Under a project dubbed Roadrunner, documents from the city government also reveal a potential 24/7 operation at the facility.
New electric vehicle battery cell facility in Lordstown
June 05, 2020
Construction has started with ground prep activities for the future site of the Ultium battery cell manufacturing facility in Lordstown.
European EV battery production gets a boost from the EIB
March 27, 2020
The European Investment Bank (EIB) has signed a EUR 480 million loan agreement with LG Chem Wroclaw Energy, the Polish subsidiary of the LG Chem Group that was established to develop the group’s battery production facility in Europe.
Volvo Cars inaugurates new battery assembly line at Ghent plant
March 05, 2020
Volvo Cars has formally inaugurated a brand new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year.
Lucid inks battery partnership with LG Chem
February 27, 2020
Silicon Valley-based EV maker Lucid has finalized a partnership with LG Chem that will supply battery cells for standard versions of the Lucid Air through 2023.
GM: Detroit-Hamtramck to be EV assembly only
January 27, 2020
GM announced today a USD 2.2 billion investment at its Detroit-Hamtramck assembly plant that will make it the automaker’s first facility completely dedicated to EV auto assembly.
General Motors, LG Chem partner in Ohio
December 06, 2019
General Motors and LG Chem have announced plans to form a joint, equally-owned company to mass-produce electric vehicle battery cells.
Hawaiian market continues to accelerate for Eguana
October 31, 2019
Eguana Technologies says it has received USD 1.8 million in new orders in addition to the USD1.1 million announced in September as the Hawaiian market continues to grow.
Eguana provides update on shipments and Jabil transition
October 24, 2019
Eguana is providing an update on its recent shipments and operational activities, conforming gross sales of about CAD 1.8 million from shipments in August and September, double the value of shipments made in the third fiscal quarter.
Umicore partners with LG Chem for the supply of NMC cathode materials
September 26, 2019
Umicore and LG Chem have concluded a multi-year strategic supply agreement for NMC (Nickel Manganese Cobalt) cathode materials to serve LG Chem’s needs out of Umicore plants in Poland, Korea and China.
Universal Display Corporation partners with LG Chem
September 05, 2019
Universal Display Corporation and LG Chem, have entered into a strategic OLED host partnership. Expanding on its decade-long partnership, Universal Display (UDC) and LG Chem will work together to develop and commercialize red, green and yellow OLED host materials.
Geely & LG Chem to set up JV to produce batteries in China
June 13, 2019
Shanghai Maple Guorun, an indirect 99% owned subsidiary of Geely Automobile, the listed arm of Geely Auto, are establishing a new joint venture partnership with LG Chem of South Korea.
Volvo inks battery supply deals with CATL and LG Chem
May 15, 2019
Volvo Car Group says that it has signed long-term agreements with battery makers CATL and LG Chem to ensure the multi-billion dollar supply of lithium ion batteries over the coming decade.
LG Chem, SK Innovation square off again
May 02, 2019
LG Chem Ltd. and LGCMI, its U.S. subsidiary, jointly launched two lawsuits on Monday against South Korean-owned SK Innovation Ltd. for misappropriation of trade secrets, tortious interference with prospective economic advantage, and other claims.
Sumitomo Chemical starts production at electronic materials JV
April 24, 2019
On April 16, 2019, Sumika Electronic Materials (Changzhou) Co., Ltd., held a grand opening ceremony at its facility located in Changzhou National Hi-Tech District (CND).
Volkswagen plans 22 million electric vehicles in ten years
March 12, 2019
Volkswagen is forging ahead with its technology overhaul; change of system and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned.
LC Chem invests heavily in Chinese battery manufacturing
January 11, 2019
The company says that it is planning to invest EUR 934 million (KRW 1.2 trillion) to expand production at two of its battery manufacturing plants in China by 2020.
Battery company secures funding from LG Chem
October 23, 2018
Enevate Corporation, a lithium-ion battery technology company, says that LG Chem has participated in its recent funding round. This investment is a nod to the viability of Enevate’s technology which could enable Electric Vehicles (EVs) to charge in the same time as gas cars without compromise.
Saft plans to invest €200 million in next-gen batteries
May 28, 2018
The French battery manufacturer is reportedly planning a EUR 200 million investment in a next-gen European battery alliance project.
BMZ enters supply agreement with LG Chem
May 07, 2018
BMZ GmbH entered into a long-term agreement withKorean cell manufacturer, LG Chem Ltd., for the supply of a few hundred million lithium ion cells by the end of 2022.
Cobalt brings more price pressure to lithium-ion batteries
April 12, 2018
Cobalt prices continued to rise in 2018 and soared by more than 20% in the first quarter. The rise of raw material prices results from short-term capital speculation and high supplier concentration.
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