cites people familiar with the matter, who said that Tesla will use LG Chem batteries in its Shanghai Gigafactory for the vehicles produced in China. Initially, they will be used mainly in Model 3 and when the Model Y is released - they will be used for this vehicle as well. However, LG Chem won't be an exclusive supplier. Rumours about talks between Tesla and CATL have been circulating since Marcha and Tesla has been working with Panasonic for many years now. One of the people said that LG Chem "was more flexible in meeting Tesla's technology requirements" while talks with CATL are still continuing. LG Chem will supply 21700-type battery cells produced at the Nanjing, China LG Chem factory. That's some 200 miles (320 km) west of Shanghai. Source

Tesla's Battery Day: new battery - 4680, new structure, optimized production, Model S Plaid, a future 25,000 EV Tesla's 2020 Shareholders Meeting was a lengthy event with many proceedings before the interesting part actually began - the "Battery Day" part. There are five important pieces of information that one could take from this event: Tesla has developed a new battery dubbed 4680 The so called structural battery is unveiled Battery production is optizmied to reduce costs by the using of raw silicone 2021 Model S Plaid is...

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...

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...

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...

The Ultium Cells battery plant in Lordstown, Ohio develops on schedule Today marks the beginning of steel construction at the all-new Ultium Cells LLC battery cell manufacturing facility in Lordstown. Ultium Cells LLC is a joint venture that will mass-produce Ultium battery cells for electric vehicles and create more than 1,100 new jobs in Northeast Ohio. Since May 2020, ground has been broken and concrete footings have been poured at the facility. Steel construction at Ultium Cells...

Report: Tesla will no longer use Panasonic batteries for its production in China According to South Korean news outlet The Guru, Tesla will no longer use Panasonic batteries for its production in China. LG Chem and CATL will be the main suppliers for cylindrical cells for China-made Tesla models. In particular, as the deal with LG Chem expands, LG Chem is expected to emerge as the main supplier to take charge of battery volume for Tesla's Chinese electric vehicle models. This information comes...

Tesla has reportedly asked LG Chem to provide data about the carbon emissions of its batteries production South Korean media report that Tesla has asked LG Chem to prepare a report for all carbon dioxide emissions data related to battery production. For sure, acquiring this data is very time-consuming. It includes data from the production and delivery of raw materials to the production and delivery of the end product. This includes data from suppliers. And all this has to be verified. Reportedly, LG has started to...

Hyundai Motor and SK Innovation chiefs meet to discuss cooperation in the EV market Yonhap and other South Korean news outlets report that the chiefs of Hyundai and SK Innovation have met to discuss future cooperation in the EV market. The Executive Vice Chairman of Hyundai Motor Group - Chung Euisun, and the Chairman of SK Group - Chey Tae-won have met to discuss cooperation on next-generation EV battery technologies, power management chips, and the battery-as-a-service (Baas) platform. The...

GM will introduce more EVs in South Korea, continues close partnership with LG Chem GM plans on introducing more electric vehicles in South Korea, reports Yonhap. Jesse Ortega, chief engineer at GM's Autonomous and Electric Vehicle Programs held an online briefing with Korean media dedicated to the topic. Earlier this month, GM launched in South Korea the 2020 Chevy Bolt EV. General Motors will present two new EV models this year - the Cadillac Lyriq SUV and the Hummer EV. The company said it will...

Hyundai Motor and LG Chem chiefs meet to discuss EV batteries Various South Korean news outlets announced today that the Executive Vice Chairman of Hyundai Motor Group, Chung Euisun, and the LG Group Chairman, Koo Kwang-mo, will meet next week to discuss electric vehicle battery business. According to industry sources, Chung will visit LG Chem's EV battery production site located in Cheongju, North Chungcheong Province, on Monday. LG Chem is already chosen to supply batteries...

Tesla and Panasonic extend their battery production agreement with three years The General Terms and Conditions between Tesla and Panasonic dating back to October 1, 2014, have been restated and amended. The 2020 GTC, among other things, modifies the term to expire 10 years after Panasonic achieves certain manufacturing milestones. On June 10, 2020, Tesla and Panasonic also entered into the 2020 Pricing Agreement effective as of April 1, 2020 until March 31, 2023, relating to the manufacture...

SK Innovation became the fifth largest EV battery supplier in April In April 2020, SK Innovation entered the global Top 5 in the EV battery market for the first time. SK Innovation said that according to SNE Research, the company had a 3.5% market share by supplying 189.1 MWh of batteries. Samsung SDI was sixth with 3.4% market share by deploying 187.2 MWh in April. LG Chem was second with 18.2% market share and 988.1 MWh deployed. In the January-April period, LG Chem, Samsung SDI...