Lg Chem
LG Chem to triple its EV battery production capacity
Electric vehicle battery maker LG Chem plans to triple production capacity for cylindrical batteries used by Tesla and others, and is considering expansion in Europe and North America to meet surging demand, it said on Wednesday. The South Korean firm forecast a further rise in its battery sales and profit in the fourth quarter after posting record quarterly earnings thanks to growing demand for electric vehicle (EV) batteries. "Sales are continuously expected to grow thanks to greater shipmen
VW and Ford warn Korean battery feud could lead to 'catastrophic' supply disruption
Volkswagen and Ford said a U.S. legal row between South Korean battery makers could disrupt supplies of the key electric vehicle parts and cost U.S. jobs during the Covid-19 outbreak, according to documents submitted to a U.S. trade panel. The two automakers asked the United States International Trade Commission (ITC) to allow SK Innovation to manufacture batteries at its proposed U.S. factory in Georgia for use in Ford’s fully electric F-150 and other electric cars, the statements
GM, LG Chem announce EV battery joint venture in Lordstown, Ohio
SEOUL/WASHINGTON (Reuters) - South Korea's LG Chem said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors . An LG Chem spokesman confirmed an earlier Reuters report on the joint venture, but declined to give details. One source familiar with the matter told Reuters earlier that the facility, expected to be located in the Lordstown area of Ohio, would see investment of more than $2 bi
Feuding Korean firms risk disrupting electric car battery supplies
In 2018, South Korea's SK Innovation beat its larger, local rival LG Chem to a multibillion dollar deal to supply German carmaker Volkswagen with electric vehicle batteries in the United States. With great fanfare, SK Innovation (SKI) broke ground in March on a $1.7 billion (£1.3 billion) factory in Commerce, Georgia, about 200 km from VW's Chattanooga plant, which will be the automaker's electric vehicle hub in the United States. LG Chem (LGC) had other ideas.
LG Chem considering building second U.S. EV battery plant, say sources
SEOUL/DETROIT (Reuters) - South Korean electric vehicle (EV) battery maker LG Chem is considering building a second U.S. factory, three people familiar with the matter said, accelerating a race to add capacity to meet growing global demand for green vehicles. LG Chem, one of the leading EV battery makers in the world that counts General Motors and Volkswagen among its customers, is weighing investing about 2 trillion won ($1.70 billion) in the plant that could begin production in 2022, one of t
Volvo signs billion-dollar EV battery deals with Asia's LG Chem, CATL
Volvo plans to get half its sales from fully electric cars by 2025.
Audi E-Tron EV crossover faces four-week delay because of software bug
Another snag: LG Chem wants to hike its battery prices 10 percent.
Nissan calls off potential $1 billion sale of battery unit to China's GSR
So, what happens now?
GM promises to add 20 EVs and fuel-cell cars to lineup, paid for by SUVs
"General Motors believes in an all-electric future."
Nissan may be getting out of the battery business
Where will Nissan get its future batteries?
Faraday Future will have 'highest energy density' with LG Chem battery
Will 'LG Chem inside' be the calling card of this early EV era?
The Chevy Bolt is now coming to life in LG Electronics' facilities
South Korea-based LG preps to make about a dozen parts for the Chevrolet Bolt electric vehicles.