Yuahua Industrial Group announced on February 7 that it wholly-owned subsidiary Yahua Lithium (Ya’an) and LG Chem have entered into a long-term supply agreement. Under the agreement, Yahua will deliver 30,000 tons of battery-grade lithium hydroxide (monohydrate) to LG Chem during the period from 2023 to 2026. Established in January 1947, LG Chem, which is […]
LG Chem to invest over $3 billion to build US battery cathode plant – EQ Mag
SEOUL : South Korea’s LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S. electric vehicle components. It’s one of the first major EV-related investments announced by a South Korean firm in the […]
Tianqi Lithium Lands Deal to Supply LG Chem with Lithium Hydroxide Monohydrate – EQ Mag Pro
Tianqi Lithium, a major lithium supplier based in China, announced on June 27 that it has signed a long-term supply agreement with South Korea’s LG Chem. Under this agreement, Chengdu Tianqi Lithium, which is a subsidiary of Tianqi Lithium, will supply LG Chem with lithium hydroxide monohydrate from January 2023 to December 2026. This deal […]
LG Chem Offers New Path in Reducing Costs of PV Modules with Advanced Material for Module Frames
Rapidly rising prices in the upstream sections of the PV product supply chain have created enormous pressure on suppliers for PV modules this year. In some cases, prices have doubled for polysilicon orders. This, in turn, has led to corresponding increases in prices of wafers and cells. At the same time, other module components and […]
Tesla battery supplier LG Chem expects revenue to double by 2025
Sales at LG Chem jumped 83% to 10.5 gigawatt hours, lifted by rising demand for Tesla’s Model 3 sedans in China as well as for Renault SA’s Zoe cars. While the Covid-19 pandemic has dented demand for electric vehicles this year, a South Korean supplier expects its battery sales to reach a new high thanks […]
Span Raises $10M to Scale Up Deployments of Smart Electrical Panels
Led by a Tesla alum, the California startup looks to tap growing demand for solar and storage in key markets of California and Hawaii. Span.IO, the San Francisco-based startup that makes a smart home electrical panel that can track and control behind-the-meter batteries, rooftop solar inverters, EV chargers and other key household loads via smartphone, […]
Poland: Electric vehicle battery production in Europe gets boost thanks to EIB loan of €480 million to LG Chem Wroclaw Energy
First EIB loan to LG Chem Group and its Polish subsidiary will support the construction of manufacturing facilities for advanced lithium-ion cells and batteries for battery-powered electric vehicles The project will contribute to the clean energy transition and the shift towards electrification of the European transport industry and secure the supply of advanced li-ion batteries for European […]
LG Senior Delegation visit to GoodWe Headquarters
Both companies are looking to enhance their strategic global cooperation The past month of November, GoodWe was delighted with the visit of LG Chem Vice President and members of its R & D department to the new headquarters in Suzhou. LG is one of the highest representatives of South Korea’s industry, manufacturing and innovation complex […]
Reuters: LG Chem Plans to Build a New US$1.7 Billion EV Battery Plant in the US
LG Chem, South Korea’s major manufacturer of powertrain batteries for electric vehicles (EVs), is contemplating on investing a second battery production plant in the US so as to meet the increasing demand from American car makers, according to an exclusive report from Reuters on July 11. Sources with knowledge on this matter told Reuters that […]
Europe Set to Race Past US in Battery Manufacturing
Europe’s battery manufacturing capacity is on the cusp of dramatic growth, though much of the investment and know-how are coming from Asian companies. A slew of recent announcements has left Europe poised to overtake North America in terms of battery manufacturing capacity by 2023, analyst figures show. Bloomberg New Energy Finance (BNEF) expects European nameplate […]
