Chem

2025 Cadillac Escalade IQGMDETROIT – General Motors plans to spend $19 billion over roughly the next decade to source critical materials for use in electric vehicle batteries from LG Chem, the companies said Wednesday.The long-term supply contract will see LG Chem supply GM with more than 500,000 tons of cathode materials – include nickel, cobalt, manganese, aluminum – from 2026 through 2035, the South Korean supplier said in a release.That supply would be enough to power 5 million units of EVs with a range of more than…

South Korea’s LG Chem has signed a $19 billion deal with General Motors to supply cathode materials used to make electric-vehicle batteries. South Korea’s LG Chem has signed a $19 billion deal with General Motors to supply cathode materials used to make electric-vehicle batteries. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

LG Chem is building a $3 billion battery cathode factory for electric vehicles in Tennessee – here’s the latest. December 27: The groundbreaking ceremony took place last week for LG Chem’s battery cathode factory. Some of the company’s original plans have changed since I last reported on this announcement. The factory was initially supposed to break ground in Q1 2023 and start mass production in the second half of 2025. So, the groundbreaking is nearly a year late, and the production launch…

<!----> The LGES EV battery chain LG Chem and China’s Zhejiang Huayou Cobalt Company have agreed to invest KRW1.2trn (US$915m) in a new joint venture in South Korea to produce precursors for electric vehicle (EV) batteries. A new plant would be built in the Saemangeum Industrial Complex in…

<!----> Piedmont’s 25% owned Canadian joint venture North American Lithium (NAL) in Quebec LG Chem said it had acquired a 6% stake in US lithium miner Piedmont Lithium to secure a stable supply of raw materials for its growing electric vehicle (EV) battery manufacturing operations in the…

<!----> South Korea’s LG Chem Ltd has announced plans to establish a battery recycling joint venture in North America by the end of next year with Jae Young Tech, a specialist automotive battery recycling company. Jae Young Tech, established in 2016, is said to have developed an…

LG Chem today announced that it has signed a memorandum of understanding with the state of Tennessee to build a $3 billion cathode factory for electric vehicles. The new plant, which will be sited in Clarksville, will be the largest of its kind in the US. It will sit on 420 acres and is expected to produce 120,000 tons of cathode material annually by 2027. That’s enough to power batteries in 1.2 million EVs with a range of 310 miles per charge. LG Chem said it chose Tennessee because of its…

Tesla is a key customer of EV battery maker LG Energy Solution. Image: Tesla TeslaLG Chem, the parent company of electric vehicle (EV) battery maker LG Energy Solution, said on Tuesday that it will spend $3.2 billion to build a cathode manufacturing plant in Tennessee.The plant at Clarksville is aimed to have, by 2027, a yearly output of 120,000 tones of cathode, arguably the most important material used in the production of an EV battery that determines its performance and cost.LG Chem said the new plant will be the…

South Korea’s LG Chem announced plans to build its fourth carbon nanotube (CNT) manufacturing facility in anticipation of fast growing demand for the material, particularly from the fast expanding global electric vehicle (EV) industry. CNT is seen as a next generation material for EV batteries due to its outstanding electrical and thermal conductivity and tensile strength. Demand for the material has surged in recent years,…

Honda and LG Chem will build a $4.4 billion electric vehicle battery factory in the US, the latest move to shore up the country’s domestic production to comply with new tax credit rules. Honda and LG Chem will form a joint venture to produce batteries in the US for the automaker’s upcoming lineup of EVs. The two companies aim to begin construction in early 2023 to enable the start of mass production of lithium-ion battery cells by the end of 2025. Honda and its subsidiary Acura have plans to release 30 hybrid,…