Tag: LG Chem

By on December 5, 2019

Image: GM

A battery plant mentioned in General Motors’ recently ratified UAW labor contract will soon become a reality in the hard-hit city of Lordstown, Ohio. That locale recently saw the lights go out at GM’s Lordstown Assembly, which closed its doors this spring after the discontinuation of the Chevrolet Cruze. The plant’s now in the hands of a fledgling electric automaker.

On Wednesday, GM announced the spending of $2.3 billion and the creation of 1,100 jobs in Lordstown — a necessary move to supply the automaker with battery packs for its electric vehicle push. (Read More…)

By on November 27, 2019

While the automotive industry continues cleaning itself up via electrification and moral corporate messaging, most aspects of doing business have remained decently dirty. For all this striving for a utopian society, businesses still don’t like losing money and will go to great lengths to screw over the competition.

South Korean battery suppliers SK Innovation and LG Chem are currently clawing at each other like a couple of mad tigers. SK managed to secure a contract to supply Volkswagen Group with EV batteries, leading to the construction of a $1.7 billion factory in Georgia. LG did not, leading to a lawsuit. Both automakers and analysts are worried the litigation is spinning out of control, and could effectively obliterate their ability to do business in the United States. (Read More…)

By on October 22, 2018

Image: Audi

Audi’s first electric sport utility vehicle, the much-touted E-Tron, will arrive at dealerships a month later than anticipated. According to the automaker, a software development issue has stymied the rollout.

While nothing has reportedly busted, Audi claims it needs to obtain the necessary regulatory clearances for some ones and zeros that were modified during the development process. Normally, we would assume the applicable agencies would have been informed of this in advance, but we don’t know what Audi changed. All the manufacturer admits to is that alterations were made to benefit the customer.  (Read More…)

By on October 15, 2017

LG Chem Electric Vehicle Battery Production

South Korea’s LG Chem is planning to open the largest lithium-ion battery factory in Europe to aide the continent’s automotive industry as it prepares its much-hyped shift toward EV production. According to LG, construction of the battery plant — located in Wrocław, Poland — is set to begin immediately and batteries should be ready for slotting into vehicles before the end of next year.

In a an announcement, the company said the plant would have a production capacity of 100,000 batteries per year for EVs that can run up to 199 miles once charged. Previous estimates were more conservative but, with German automakers promising widespread electrification, LG saw no reason for half measures.

“We will turn the Poland EV battery plant into a mecca of battery production for electric vehicles around the world,” said company president UB Lee. “As LG Chem’s Poland EV battery plant is the first large-scale automotive lithium battery production plant in Europe, it will play the role of vitalizing the electric vehicle industry across the whole of Europe. We will put all our efforts into making the plant into a main production hub for EV batteries.” (Read More…)

By on May 28, 2014

Renault LG Signing Ceremony

With most EVs getting around 100 miles on a single charge from their battery packs, such vehicles are more suited for the downtown core than a trip to the mountains. However, Renault and LG Chem are looking toward boosting range toward Tesla-like levels, together.

(Read More…)

By on September 7, 2013

LG-Chem

Only weeks after starting up long-delayed production of lithium-ion batteries for the Chevy Volt at their new factory in Holland, Michigan, LG Chem has announced that they are stopping production for up to six weeks because a compound used in that production apparently had not been registered for use in manufacturing with the U.S. Environmental Protection Agency. While no shutdown order was issued by the EPA, the agency recently issued a subpoena to LG Chem, demanding a list of chemicals used at the Holland facility.

LG Chem spokesman Jeremy Hagemeyer said in an email to news agencies, “We discovered the possibility that this material may not be properly registered and made the decision to pause our production until we have that question resolved. We are currently reviewing the registration status and will work with the EPA to resolve the issue quickly. In the meanwhile, we are delaying production activities for approximately 6 weeks until we have confirmed the registration status or otherwise obtain approval from EPA.” (Read More…)

By on May 6, 2013

South Korean LG Chem will finally begin commercial battery production at its Holland , Michigan, in July, Reuters says.  The batteries will initially help power GM’s Volt.

Three years ago, at a groundbreaking ceremony for an LG Chem Battery plant in Holland, Michigan, President Obama promised that this and other pants will be “a boost to the economy in the entire region.” The plant made headlines for doing nothing. (Read More…)

By on February 14, 2013

Three years ago, at a groundbreaking ceremony for an LG Chem Battery plant in Holland, Michigan, President Obama promised that this and other pants will be “a boost to the economy in the entire region.”  Instead, the plant has become an example for what is wrong with a state-directed command economy. It also is yet another chapter in the Chevrolet Volt debacle. (Read More…)

By on January 19, 2010

Busted! (courtesy:indiatimes.com)

In case you were wondering, Ed Whitacre’s assessment that the Volt will “make a margin” at a price point “in the low 30s” is the GM Chairman/CEO’s second big lie in as many weeks. Well, lie might be a bit harsh. Gross and willful misrepresentation is probably more accurate. GreenCarReports‘ John Voelcker got in touch with a GM spokesman who confirms what we all pretty much knew from the get go: GM “has not officially announced final Volt pricing, a price in the low 30’s after a $7,500 tax credit is in the range of possibilities.” In other words, we’re back to the same old $40k-ish number that GM execs have been throwing around for ages. Unless GM is talking about the electric-only (non-range-extended) Volt that Bob Lutz recently confirmed. But what about the margin thing?

(Read More…)

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