Tag: lg chem
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LG Energy Solution developing LFP battery for EV market
LG Energy Solution, a subsidiary of LG Chem, has started developing its own lithium-iron-phosphate (LFP) batteries to be mainly sold to Chinese companies. LG Energy Solution has already started developing its LFP batteries in its Daejeon lab. The battery manufacturer plans to build a pilot line for its lithium-iron-phosphate batteries next year at the earliest.…
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Automakers have battery anxiety, so they’re taking control of the supply
Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to deliver millions of electric vehicles in the next few years. It’s no longer just about securing a supply of cells. The string of partnerships and joint ventures show that automakers are taking a more active role in the…
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Volvo inks multi-billion dollar battery supply agreements with LG Chem and CATL for EVs
Volvo Car Group has inked a massive multi-billion dollar supply handle the Chinese battery maker CATL and Korea’s LG Chem to provide its planned fleet of electric vehicles. The lithium ion batteries from both suppliers will power the development of Volvo Cars’ electrification plan for its own brand and the company’s Polestar joint venture with…
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Volvo inks multi-billion dollar battery deals with LG Chem and CATL for EVs
Volvo Car Group has inked a enormous multi-billion dollar supply handle the Chinese battery manufacturer, CATL, and Korea’s LG Chem to provide its planned fleet of electric vehicles. The lithium ion batteries from both providers will power the development of Volvo Cars’ electrification strategy for its own brand and the company’s Polestar joint venture with…