9 stories tagged lg-energy-solution on EV Digest.
LG Energy Solution (LGES) has cemented a decade-long agreement with Smackover Lithium, a joint venture involving Standard Lithium and Equinor, for a substantial supply of battery-grade lithium carbonate. This strategic move, sourcing 8,000 metric tons annually from the South West Arkansas Project, aims to establish a robust and localized supply chain for LGES's EV battery production.
LG Energy Solution, in collaboration with Seoul National University, has identified a critical factor in lithium manganese-rich (LMR) battery degradation: voltage limits during charging and discharging. This breakthrough research pinpoints operating conditions that effectively suppress gas generation, a major hurdle for integrating LMR chemistry into larger, high-capacity EV battery packs. The findings pave the way for more stable and efficient next-generation electric vehicle batteries.
LG Energy Solution has commenced manufacturing at its new 226-acre battery production facility in Lansing, Michigan. The plant will produce large-format lithium iron phosphate (LFP) cells, primarily targeting both electric vehicles and stationary energy storage systems, with an anticipated annual capacity of 35 GWh at full scale.
A top executive from Korean battery giant LG Energy Solution (LGES) recently acknowledged the significant hurdles still facing the development of solid-state EV batteries. Despite widespread industry excitement, he emphasized that most companies are encountering difficulties in bringing this next-generation technology to market, suggesting a longer timeline for its widespread adoption than many anticipate.
A recent tour of LG Energy Solution's expansive $2 billion battery manufacturing facility reveals the scale of production supplying major automakers like Tesla and Toyota. Executives highlighted the ongoing development and future potential of advanced battery chemistries, including solid-state and sodium-ion technologies, as they continue to push the boundaries of EV power.
LG Energy Solution has officially commenced battery production at its new gigafactory in Holland, Michigan. This facility, representing a significant investment, is poised to supply advanced battery cells primarily for electric vehicles manufactured by various OEMs, including a reported focus on models for Toyota. The plant aims to produce up to 35 GWh of batteries annually, creating 1,700 jobs in the process.
The Ultium Cells joint venture between General Motors and LG Energy Solution has announced that its Ohio battery factory has restarted cell production. This facility is crucial for supplying battery packs to power a range of GM's electric vehicles, including models built on the Ultium platform.
The joint venture between General Motors and LG Energy Solution, Ultium Cells, has resumed battery production at its Warren, Ohio facility. This restart comes after a seven-month shutdown initially attributed to a slowdown in electric vehicle demand, signaling renewed optimism for EV manufacturing in the region.
LG Energy Solution, a major battery supplier for electric vehicles, has forecasted a substantial 77% plunge in its second-quarter operating profit. This downturn is attributed to weaker-than-expected global EV demand, which has impacted orders for the company's battery cells.
