Based in 1994, Sion Energy boasts a robust patent portfolio for its revolutionary applied sciences, together with the one to assist suppress dendrite formation, and the entire variety of patents it holds quantities to 470. By investing in Sion Energy, LG Vitality Resolution plans to preempt revolutionary applied sciences and take the lead in growing next-generation battery applied sciences.
The funding might be executed by way of LG Expertise Ventures (LGTV), a company enterprise capital agency, and Bricks Capital Administration (BCM), a non-public fairness funding agency, each of which LG Vitality Resolution has dedicated to spend money on.
Korean information company Yonhap studies that LG Vitality Resolution, Ford, and Koç Holding scrap plans to construct an EV battery JV in Türkiye. Earlier this yr, on February 22, the three corporations signed a non-binding Memorandum of Understanding (MoU) to type a brand new three way partnership to create considered one of Europe’s largest industrial electrical automobile battery cell services close to Ankara, Türkiye. The settlement was topic to closing…
13 November 2023
LG Vitality Resolution and Toyota Motor North America right now introduced that they’ve signed a provide settlement for lithium-ion battery modules for use in Toyota battery electrical automobiles (BEVs) that might be assembled in the US. Below the contract, LG Vitality Resolution will provide automotive battery modules at an annual capability of 20GWh ranging from 2025. The battery modules, consisting of high-nickel NCMA…
4 October 2023
Governor Brian P. Kemp right now introduced that Hyundai Motor Group and LG Vitality Resolution (LGES) will make investments a further $2 billion of their battery cell manufacturing three way partnership (JV) on the Metaplant in Bryan County, elevating the JV’s complete funding worth to greater than $4.3 billion. This enlargement will create one other 400 new jobs. In Might 2023, Hyundai Motor Group and LGES signed a memorandum of understanding…
1 September 2023
U.S. is on the cusp of an electrical automobile (EV) revolution, as EVs are anticipated to make up half of recent automobile gross sales worldwide by 2035 (Goldman Sachs). On the forefront of this rising market, LG Vitality Resolution Michigan’s second battery plant is now on monitor, with the goal of increasing its capability five-fold. LGES Michigan is investing USD 1.7 billion into the enlargement venture, including a further 1.7 million sq….
25 July 2023
NextStar Vitality, the automobile battery three way partnership between Stellantis and LG Vitality Resolution, signed a binding settlement that secures the way forward for battery cell and module manufacturing in Windsor, Ontario and honors the commitments that had been made by the Canadian authorities to stage the enjoying subject with the U.S. Inflation Discount Act (IRA). Efficient instantly, all development on the NextStar Vitality battery…
7 July 2023
LG Chem introduced in South Korea that it has began mass manufacturing of high-nickel single-particle (single crystal) cathode supplies for next-generation EV batteries at its Cheongju cathode materials plant in June. The primary batch of merchandise might be despatched to international prospects in July. LG Chem plans to develop its single-particle cathode materials manufacturing line to its Gumi plant by 2027 and develop its complete…
29 June 2023
LG Vitality Resolution and Honda marked one other main milestone of development for its new three way partnership EV battery facility this week when the primary metal beam was put in on the plant website in Jeffersonville, Ohio. The businesses have dedicated to speculate $3.5 billion, with plans to create 2,200 jobs, within the over 2 million sq. ft facility, with an general funding projected to achieve $4.4 billion. The brand new joint…
21 June 2023
LG Vitality Resolution (LGES) and Hyundai Motor Group introduced an EV battery cell manufacturing three way partnership within the U.S. right now. LGES and Hyundai Motor Group signed a memorandum of understanding to supply EV batteries within the U.S. and additional speed up the Group’s electrification efforts in North America. The signing ceremony happened in LGES’s headquarters in Seoul on Might 26 with the attendance of Youngsoo Kwon…
25 Might 2023
SNE Analysis reported that the worldwide EV battery market has recorded a 38.6% YoY progress in Q1 of 2023. The entire quantity of vitality held by batteries for pure EVs, PHEVs, and HEVs was round 133 GWh. CATL stays the highest market participant with a progress fee of 35.9% and 35% market share. BYD skilled a staggering progress within the Q1 of 115.5% however ranks second in market share with 16.2%. LGES is third with a progress fee of…
5 Might 2023
LG Vitality Resolution right now introduced it’s going to make investments roughly KRW 7.2 trillion (USD 5.5 billion) to assemble a battery manufacturing complicated in Queen Creek, Arizona. The complicated will encompass two manufacturing services – one for cylindrical batteries for electrical automobiles (EV) and one other for lithium iron phosphate (LFP) pouch-type batteries for vitality storage techniques (ESS). It marks the most important single…
24 March 2023
LG Chem goals to implement its battery materials patent rights amid intensifying technological competitors with the goal of dominating the worldwide superior battery market as demand for electrical automobiles (EVs) continues to rise. LG Chem right now proposed to license out its high-nickel cathode materials patent to China-based cathode materials suppliers. To that finish, LG Chem plans to implement its patent rights towards different international…
20 March 2023
Honda and LG Vitality Resolution right now held the official groundbreaking ceremony for a brand new three way partnership EV battery plant over 2 million sq. ft in dimension, to be positioned in Fayette County, close to Jeffersonville, Ohio. The 2 corporations have dedicated to speculate $3.5 billion within the new three way partnership (JV) facility, with their general funding projected to achieve $4.4 billion. The ability is scheduled to be accomplished by…
1 March 2023
LG Vitality Resolution, Ford, and Koç Holding signed a non-binding Memorandum of Understanding (MoU) to type a brand new three way partnership topic to closing settlement by all of the events to create considered one of Europe’s largest industrial electrical automobile battery cell services close to Ankara, Türkiye, strengthening the muse for Ford’s electrical future in Europe. The brand new three way partnership might be positioned in an organized industrial zone in…
22 February 2023
The World Battery Alliance (GBA), the world’s largest multi-stakeholder group to determine a sustainable battery worth chain by 2030, right now launched the proof of idea for its Battery Passport on the World Financial Discussion board’s Annual Assembly in Davos. The Battery Passport is essential to facilitating the fast scaling of sustainable, round, and accountable battery worth chains to fulfill the targets of the Paris…
18 January 2023
![2024 Porsche Macan](https://www.evspecifications.com/images/model/fee92d9/320/main.jpg)
2024 Porsche Macan 4
Doorways: 4, Seats: 5Length: 188.3 in / 4784 mmWidth: 76.3 in / 1938 mmHeight: 63.9 in / 1622 mmCurb weight: 5302.12 lb / 2405 kgLocation: RearLocation: FrontBattery: 100 kWh, Voltage: 800 V
![2024 Porsche Macan](https://www.evspecifications.com/images/model/104c2d8/320/main.jpg)
2024 Porsche Macan Turbo
Doorways: 4, Seats: 5Length: 188.3 in / 4784 mmWidth: 76.3 in / 1938 mmHeight: 63.8 in / 1621 mmCurb weight: 5302.12 lb / 2405 kgLocation: RearLocation: FrontBattery: 100 kWh, Voltage: 800 V
![2024 Xiaomi SU7](https://www.evspecifications.com/images/model/b27d2d7/320/main.jpg)
2024 Xiaomi SU7 RWD
Doorways: 4, Seats: 5Length: 196.7 in / 4997 mmWidth: 77.3 in / 1963 mmHeight: 57.3 in / 1455 mmCurb weight: 4365.15 lb / 1980 kgElectric motor: 220 kW, 400 Nm, Location: RearBattery: 73.6 kWh
![2024 Xiaomi SU7](https://www.evspecifications.com/images/model/eadc2d6/320/main.jpg)
2024 Xiaomi SU7 AWD
Doorways: 4, Seats: 5Length: 196.7 in / 4997 mmWidth: 77.3 in / 1963 mmHeight: 56.7 in / 1440 mmCurb weight: 4861.19 lb / 2205 kgElectric motor #1: 275 kW, 500 Nm, Location: RearElectric motor #2: 220 kW, 400 Nm, Location: FrontBattery: 101 kWh, Voltage: 871 V
![2024 Volkswagen ID.7](https://www.evspecifications.com/images/model/a1042cf/320/main.jpg)
2024 Volkswagen ID.7 Professional
Doorways: 4, Seats: 5Length: 195.3 in / 4961 mmHeight: 60.5 in / 1536 mmCurb weight: 4788.44 lb / 2172 kgElectric motor: 210 kW, 550 Nm, Location: RearBattery: 77 kWh
![2025 Cadillac Escalade IQ](https://www.evspecifications.com/images/model/949c2ce/320/main.jpg)
2025 Cadillac Escalade IQ Luxurious 2
Doorways: 5, Seats: 7Length: 224.3 in / 5697 mmHeight: 76.1 in / 1934 mmElectric motor: 505 kW, 1064 Nm, Location: RearLocation: FrontBattery: 200 kWh, Voltage: 800 V
![2025 Cadillac Escalade IQ](https://www.evspecifications.com/images/model/b5862cd/320/main.jpg)
2025 Cadillac Escalade IQ Sport 2
Doorways: 5, Seats: 7Length: 224.3 in / 5697 mmHeight: 76.1 in / 1934 mmElectric motor: 505 kW, 1064 Nm, Location: RearLocation: FrontBattery: 200 kWh, Voltage: 800 V
![2025 Cadillac Escalade IQ](https://www.evspecifications.com/images/model/31a62cc/320/main.jpg)
2025 Cadillac Escalade IQ Luxurious 1
Doorways: 5, Seats: 7Length: 224.3 in / 5697 mmHeight: 76.1 in / 1934 mmElectric motor: 505 kW, 1064 Nm, Location: RearLocation: FrontBattery: 200 kWh, Voltage: 800 V
![2025 Cadillac Escalade IQ](https://www.evspecifications.com/images/model/3d012cb/320/main.jpg)
2025 Cadillac Escalade IQ Sport 1
Doorways: 5, Seats: 7Length: 224.3 in / 5697 mmHeight: 76.1 in / 1934 mmElectric motor: 505 kW, 1064 Nm, Location: RearLocation: FrontBattery: 200 kWh, Voltage: 800 V
![2023 BMW i7](https://www.evspecifications.com/images/model/3ddc2c6/320/main.jpg)
2023 BMW i7 xDrive60
Doorways: 4, Seats: 5Length: 212.2 in / 5391 mmWidth: 76.8 in / 1950 mmHeight: 60.8 in / 1544 mmCurb weight: 5820.2 lb / 2640 kgElectric motor #1: 190 kW, 365 Nm, Location: RearElectric motor #2: 230 kW, 380 Nm, Location: FrontBattery: 105.7 kWh, Voltage: 376.4 V
![2024 BMW iX](https://www.evspecifications.com/images/model/f0ae2c5/320/main.jpg)
2024 BMW iX M60
Doorways: 5, Seats: 5Length: 195.0 in / 4953 mmWidth: 77.4 in / 1967 mmHeight: 66.8 in / 1696 mmCurb weight: 5862.09 lb / 2659 kgLocation: RearLocation: FrontBattery: 111.5 kWh, Voltage: 330.3 V
![2024 BMW iX](https://www.evspecifications.com/images/model/88f12c4/320/main.jpg)
2024 BMW iX xDrive50
Doorways: 5, Seats: 5Length: 195.0 in / 4953 mmWidth: 77.4 in / 1967 mmHeight: 66.8 in / 1696 mmCurb weight: 5698.95 lb / 2585 kgLocation: RearLocation: FrontBattery: 111.5 kWh, Voltage: 330.3 V
![2024 BMW i4](https://www.evspecifications.com/images/model/d2ec2c2/320/main.jpg)
2024 BMW i4 xDrive40
Doorways: 4, Seats: 5Length: 188.3 in / 4783 mmWidth: 72.9 in / 1852 mmHeight: 57.0 in / 1448 mmCurb weight: 5048.59 lb / 2290 kgLocation: RearLocation: FrontBattery: 83.9 kWh, Voltage: 398.5 V
![2023 BMW i4](https://www.evspecifications.com/images/model/b7e72c1/320/main.jpg)
2023 BMW i4 M50
Doorways: 4, Seats: 5Length: 188.3 in / 4783 mmWidth: 72.9 in / 1852 mmHeight: 57.0 in / 1448 mmCurb weight: 5048.59 lb / 2290 kgElectric motor #1: 230 kW @ 8000 – 17000 rpm, 365 Nm, Location: RearElectric motor #2: 190 kW @ 8000 – 17000 rpm, 430 Nm, Location: FrontBattery: 83.9 kWh, Voltage: 398.5 V
![2023 BMW iX](https://www.evspecifications.com/images/model/5f7d2be/320/main.jpg)
2023 BMW iX M60
Doorways: 5, Seats: 5Length: 195.0 in / 4953 mmWidth: 77.4 in / 1967 mmHeight: 66.8 in / 1696 mmCurb weight: 5862.09 lb / 2659 kgLocation: RearLocation: FrontBattery: 111.5 kWh, Voltage: 330.3 V
![2023 BMW iX](https://www.evspecifications.com/images/model/00f62bd/320/main.jpg)
2023 BMW iX xDrive50
Doorways: 5, Seats: 5Length: 195.0 in / 4953 mmWidth: 77.4 in / 1967 mmHeight: 66.8 in / 1696 mmCurb weight: 5698.95 lb / 2585 kgLocation: RearLocation: FrontBattery: 111.5 kWh, Voltage: 330.3 V
![2024 Volvo EX90](https://www.evspecifications.com/images/model/95902b7/320/main.jpg)
2024 Volvo EX90 Twin Efficiency (E2)
Doorways: 5, Seats: 7Length: 198.3 in / 5037 mmWidth: 77.3 in / 1964 mmHeight: 68.7 in / 1744 mmCurb weight: 6197.19 lb / 2811 kgElectric motor #1: 190 kW, 490 Nm, Location: RearElectric motor #2: 180 kW, 420 Nm, Location: FrontBattery: 111 kWh, Voltage: 400 V