The partnership between LG Energy Solution and Liontown signifies a mutual commitment to advancing sustainable and stable lithium solutions globally and underscores the companies’ shared commitment to innovation and value creation. The agreement will be formalized at a ceremony scheduled to take place on July 4th at LG Energy Solution headquarters in Seoul, Korea.
LG Energy Solution (LGES) announced that it will supply LFP pouch-type EV batteries to Ampere, the EV pure player born from Renault Group, its long-time customer. The two companies signed the supply agreement at Renault’s Paris headquarters in France. Under the five-year contract, LG Energy Solution will provide LFP batteries to Ampere from late 2025 through 2030, with a total capacity of approximately 39 GWh…
3 July 2024
LG Energy Solution and Honda have erected the final structural steel beam at the joint venture’s new EV battery production facility being constructed near Jeffersonville, Ohio. This major construction milestone comes almost one year to the day after the groundbreaking that took place for the over 2 million square feet facility that is expected to be completed by the end of 2024. Projected to reach an overall…
5 March 2024
LG Energy Solution announced its equity investment in Sion Power, a startup company based in Arizona, U.S. which holds core patents in the field of lithium metal battery technology. A lithium metal battery uses a lithium metal anode instead of a graphite or silicon anode to achieve higher energy efficiency compared to existing lithium-ion batteries. However, progress in its development has been slow due to new…
25 January 2024
Korean news agency Yonhap reports that LG Energy Solution, Ford, and Koç Holding scrap plans to build an EV battery JV in Türkiye. Earlier this year, on February 22, the three companies signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Türkiye. The agreement was subject to final…
13 November 2023
LG Energy Solution and Toyota Motor North America today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles (BEVs) that will be assembled in the United States. Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of 20GWh starting from 2025. The battery modules, consisting of high-nickel NCMA…
4 October 2023
Governor Brian P. Kemp today announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 billion. This expansion will create another 400 new jobs. In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding…
1 September 2023
U.S. is on the cusp of an electric vehicle (EV) revolution, as EVs are expected to make up half of new car sales worldwide by 2035 (Goldman Sachs). At the forefront of this growing market, LG Energy Solution Michigan’s second battery plant is now on track, with the aim of expanding its capacity five-fold. LGES Michigan is investing USD 1.7 billion into the expansion project, adding an additional 1.7 million square…
25 July 2023
NextStar Energy, the vehicle battery joint venture between Stellantis and LG Energy Solution, signed a binding agreement that secures the future of battery cell and module production in Windsor, Ontario and honors the commitments that were made by the Canadian government to level the playing field with the U.S. Inflation Reduction Act (IRA). Effective immediately, all construction at the NextStar Energy battery…
7 July 2023
LG Chem announced in South Korea that it has started mass production of high-nickel single-particle (single crystal) cathode materials for next-generation EV batteries at its Cheongju cathode material plant in June. The first batch of products will be sent to global customers in July. LG Chem plans to expand its single-particle cathode material production line to its Gumi plant by 2027 and expand its total…
29 June 2023
LG Energy Solution and Honda marked another major milestone of construction for its new joint venture EV battery facility this week when the first steel beam was installed at the plant site in Jeffersonville, Ohio. The companies have committed to invest $3.5 billion, with plans to create 2,200 jobs, in the over 2 million square feet facility, with an overall investment projected to reach $4.4 billion. The new joint…
21 June 2023
LG Energy Solution (LGES) and Hyundai Motor Group announced an EV battery cell manufacturing joint venture in the U.S. today. LGES and Hyundai Motor Group signed a memorandum of understanding to produce EV batteries in the U.S. and further accelerate the Group’s electrification efforts in North America. The signing ceremony took place in LGES’s headquarters in Seoul on May 26 with the attendance of Youngsoo Kwon…
25 May 2023
SNE Research reported that the global EV battery market has recorded a 38.6% YoY growth in Q1 of 2023. The total amount of energy held by batteries for pure EVs, PHEVs, and HEVs was around 133 GWh. CATL remains the top market player with a growth rate of 35.9% and 35% market share. BYD experienced a staggering growth in the Q1 of 115.5% but ranks second in market share with 16.2%. LGES is third with a growth rate of…
5 May 2023
LG Energy Solution today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). It marks the largest single…
24 March 2023
LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market as demand for electric vehicles (EVs) continues to rise. LG Chem today proposed to license out its high-nickel cathode material patent to China-based cathode material suppliers. To that end, LG Chem plans to enforce its patent rights against other global…
20 March 2023
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Doors: 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
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2024 Porsche Macan Turbo
Doors: 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
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2024 Xiaomi SU7 RWD
Doors: 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
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2024 Xiaomi SU7 AWD
Doors: 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
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Doors: 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
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2025 Cadillac Escalade IQ Luxury 2
Doors: 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
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2025 Cadillac Escalade IQ Sport 2
Doors: 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
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2025 Cadillac Escalade IQ Luxury 1
Doors: 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
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2025 Cadillac Escalade IQ Sport 1
Doors: 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
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2023 BMW i7 xDrive60
Doors: 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
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2024 BMW iX M60
Doors: 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
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2024 BMW iX xDrive50
Doors: 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
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2024 BMW i4 xDrive40
Doors: 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
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2023 BMW i4 M50
Doors: 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
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2023 BMW iX M60
Doors: 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
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2023 BMW iX xDrive50
Doors: 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
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2024 Volvo EX90 Twin Performance (E2)
Doors: 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