LG Energy Solution said it will quadruple its initial budget for a battery manufacturing plant in Queen Creek and now plans to spend $5.5 billion for the project, which will create thousands of jobs and could become the largest stand-alone battery complex in North America. The South Korean company’s lithium-ion batteries power electric vehicles, mobility […]
Honda, LG to build $3.5B battery plant, hire 2,200 in Ohio – EQ Mag Pro
COLUMBUS, Ohio (AP) : Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and hire 2,200 people to staff it as the company starts to turn the state into its North American electric vehicle hub. Honda, which announced its first Ohio factory 45 years ago, also plans to invest […]
Honda, LG to build $3.5B battery plant, hire 2,200 in Ohio – EQ Mag Pro
Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and hire 2,200 people to staff it as it starts to turn the state into its North American electric vehicle hub COLUMBUS, Ohio : Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and […]
LG gets $6.1 bn worth order for EV parts in 1st half of 2022 – EQ Mag Pro
LG’s vehicle solutions business is estimated to have an accumulated order backlog of 65 trillion won by the end of the year, up 8 per cent from a year ago, reports said. SEOUL: LG Electronics said on Tuesday it has secured 8 trillion won ($6.1 billion) worth of new orders for electric vehicle (EV) parts […]
LG Requests NTPC to Prepare Hydrogen Roadmap for Ladakh
Ladakh Lieutenant Governor R K Mathur on Friday urged the NTPC to prepare a hydrogen roadmap for the Union Territory, saying the initiative will help attract foreign funding for projects. Mathur met National Thermal Power Corporation (NTPC) Chairman and Managing Director Gurdeep Singh in New Delhi on Friday to discuss various issues related to Ladakh, […]
LG Energy Solution Plans to Begin Mass Production for All-Solid-State Batteries in 2026
Park Jinyong, Asia marketing manager for LG Energy Solution, said that his company is currently developing a polymer lithium-sulfur battery. This new generation of all-solid-state battery technology, which is expected to offer even higher energy density, lower weight, and greater safety, could be applied to electric vehicles, drones, and remote-controlled crafts. Park, who revealed this […]
LG Pledges Transition To 100 Percent Renewable Energy By 2050
Commitment Expands on Zero Carbon 2030 Initiative. SEOUL, South Korea : LG Electronics Inc. made public its commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. The announcement in the just released LG Electronics Sustainability Report comes on top of its earlier commitment to carbon neutrality through […]
Vulcan Energy Signs Lithium Hydroxide Supply Deal With LG Chem Unit
Vulcan, which operates in Germany’s Black Forest area, said LG Energy Solution (LGES) would buy 5,000 metric tonnes (mt) of battery grade lithium hydroxide for the first year. MELBOURNE : Australia-listed lithium miner Vulcan Energy Resources on Monday said it has signed a long term supply agreement to sell lithium hydroxide from its project in […]
LG to Invest Over $8 Billion For EV Battery, Eco-Friendly Materials
LG will also actively look for new business opportunities in renewable energy industry materials market such as POE/EVA for solar power panels. South Korean conglomerate LG will invest 10 trillion won (about $8.7 billion) in its battery and other eco-friendly materials business by 2025. LG Chem, the checmical company of the conglomerate, has selected eco-friendly […]
LG Launches New Solar Range Fit to Endure Aussie Climate
Soaking up the benefits of solar in Australia just got a whole lot easier as LG Electronics launched its new range of panels, claiming to be a good match for our climate down under. The LG NeON range is set to stir up the solar market with its latest award-winning products, designed to withstand harsh […]