LG Chem has announced that it has purchased a plant in Poland that belonged to the Turkish TV brand Vestel. The deal for acquiring the television assembly factory was for US$31.4 million and the site will be restructured for EV batteries production. It is near the already existing LG Chem plant for EV batteries in Wroclaw, Poland. The factory covers an area of ​​223,000 square meters and is expected to create synergy with existing production facilities in the same industrial complex as LG Chem's first Poland plant. The deal was signed off last month.In addition to those two plants in Poland, LG Chem has four other EV batteries manufacturing sites - in South Korea, China, and the United States with a combined capacity of 70 gigawatt-hours from all plants currently in operation. The company aims to increase its output to 100 GWh by the end of the year. This should be enough for 1.6 million electric vehicles. Currently, LG Chem supplies batteries to 13 out of 20 from the top auto brands including Volkswagen, Renault, General Motors, Hyundai, Jaguar, Audi, etc.

LG Chem's battery business gets split off, indeed, and named LG Energy Solutions We have already informed you that LG Chem plans on slitting off its battery business. The rumor has turned out to be true and today the company held that important board meeting during which the decision to do so was taken. LG Chem will establish a wholly-owned battery subsidiary dubbed LG Energy Solutions and shore up investments through a public listing in the future. The actual split off will take place on...

LG Chem will split off its battery business to secure cash for its future projects Various Korean media report that LG Chem plans on splitting off its battery business. A board meeting is expected to happen today to approve this move. As a result, LG Chem will form a new wholly-owned subsidiary for the EV battery business within the first half of 2021. LG Corp will own LG Chem, and LG Chem will wholly own the newly formed battery company. "For LG Chem to digest battery orders, it needs to increase...

GM introduced a whole family of interchangeable drive units and motors for its future EVs General Motors has introduced a whole family of five drive units and three motors for its future EVs which can be interchanged for maximum flexibility. Dubbed Ultium Drive the system is expected to offer industry-leading torque and power density across a wide spectrum of different vehicle types. The GM Ultium Drive family covers front-wheel drive, rear-wheel drive and all-wheel drive propulsion combinations...

LG Chem has completed its first overseas anode factory LG Chem has completed its first overseas anode factory. Located in Wuxi, China, it is called Leyou New Energy materials and is the result of LG Chem's JV with Huayou Cobalt - China's top cobalt producer. LG Chem invested 272 billion won in the first half of 2020 and the total investment was 324 billion won. The plant will supply anode materials to LG Chem's battery factory in Nanjing set 180 km from Wuxi. In total...

Kia teases several of its future BEVs as part of its future EV strategy "Plan S" As part of Kia's future EV product strategy event earlier today, Kia's President and CEO Ho Sung Song showed off a sketch of several of the brand's future battery-electric vehicles. It plans on launching a diverse range of dedicated BEVs and partner with EV charging companies worldwide to become one of the market leaders. Kia's "Plan S" strategy includes BEV portfolio expansion to 11 models by 2025. During the same...

GMC Hummer EV will be unveiled on October 20th, GM teases its Crab Mode At the end of July, GM said it will unveil the GMC Hummer EV this autumn. Today, the company specified the date - October 20th. It also teased the vehicle's Crab Mode - a four-wheel-steer system that allows it to move diagonally. Reservation books will be open on GMC.com after the event while mass production of the vehicle will begin in the autumn of 2021. The GMC Hummer EV will be based on the new GM BT1 electric...

GM's future EVs will arrive with the industry's first wireless battery management system General Motors announced that its future electric vehicles will arrive with the industry's first wireless battery management system (wBMS). The technology is developed in collaboration with Analog Devices, Inc. It is expected to drive GM's Ultium-powered EVs to market faster and its flexible basic structure can easily receive new features as software becomes available. With expanded OTA updates provided by GM's...

GM will manufacture Nikola Badger General Motors and Nikola have announced they made a strategic partnership. GM buys 11% from Nikola for $2 billion and receives the right to nominate one director. The company will engineer, validate, homologate and build the Nikola Badger for both the battery electric vehicle and fuel cell electric vehicle variants as part of the in-kind services. General Motors expects to receive in excess of $4 billion of...

Hyundai and SK Innovation agree to cooperate in the field of EV batteries including leasing Two months ago, the chiefs of Hyundai and SK Innovation met to discuss possible cooperation in the EV market. Obviously, the two companies have reached a level of agreement. More specifically, they have agreed to cooperate in the development of a sustainable ecosystem for EV batteries, which includes battery sales solutions, battery management service and battery reuse, and recycling. To enable cooperation, both...

LG Chem is supplying NCM712 batteries to Volkswagen for the ID.4 and Renault for the ZOE LG Chem is starting the production of new anode materials that will increase the range of EVs. These are found in the NCM711 batteries and according to "people familiar with the matter" who spole to The Elec on Monday, LG Chem's factory in Polan has already begun supplying Volkswagen for the ID.4 and Renault for the ZOE with such batteries. It is expected that the NCM712 batteries will replace the NCM622 ones in LG...

Volkswagen begins series production of the ID.4 in Zwickau Volkswagen has announced that the series production of the brand's first all-electric SUV - the Volkswagen ID.4 gets underway in Zwickau. The vehicle will debut in September. Zwickau plays a key role in the system changeover to e-mobility: For the first time, a large car manufacturing plant is being entirely converted to e-mobility, with investments running at some €1.2 billion. All conversion work will be completed...

The Volkswagen ID.4 will be launched in China very soon with a range of 500 km Juergen Stackmann, Member of the Board of Directors at VW Group, took to Linkedin to unveil the company's plans for the Chinese market. Among all else, he paid special attention to the Volkswagen ID.4 confirming that it will bring to the Chinese market "very soon." Here are his words regarding this model and VW's strategy in electromobility: "The ID.4 takes full advantage of the benefits of the modular electric...

Renault ZOE is launched in South Korea Renault Samsung Motors - the company that runs Renault's operations in South Korea, has launched the ZOE in the country. The first vehicles will be delivered in September and will be imported from France after being assembled at the company's plant outside Paris. The Renault ZOE is priced at 40-45 million won (USD 33,600-37,800), but the price will drop to 28 million-33 million won with state subsidies. Renault...