Europe’s Largest EV Battery Gigafactory In Poland
LG Chem’s LG Energy Solution (LGES) has recently released an interesting PR video about its lithium-ion battery cell factory in Poland, which gives us a rare insight into this large gigafactory. Video: https://www.youtube.com/watch?v=wsr58222QYs&t=4s The site, located in Wrocław in western…
Indonesia Says $9.8 Billion EV Battery MOU Agreed With LG Energy Solution
Indonesia and a unit of South Korean firm LG Group have signed a memorandum of understanding (MOU) on a $9.8 billion electric vehicle (EV) battery investment deal, the head of Indonesia’s Investment Coordinating Board said. The deal was signed on…
LG Chem To Expand EV Batteries In Europe And North America
The South Korea-based organisation anticipates a further increase in its battery sales and profit during the fourth quarter after posting record quarterly earnings due to the surging demand for electric vehicle (EV) batteries. In a press release, Dong Seok Cha,…
LG Chem To Spin-Off World’s Largest Electric Car Battery Business
LG Chem plans to spin off its lucrative electric vehicle battery business, the world’s largest, to fund an expansion of its facilities through a potential initial public offering as it benefits from a surge in orders. The South Korean company,…
VW, Ford U.S. EVs Endangered Due To Ongoing Legal Battle Between Battery Suppliers
An ongoing spat between two South Korean electric vehicle battery makers could put a crimp in Ford Motor Co.’s plans to produce an all-electric version of its best-selling F-150 pickup and future electric vehicles as well as Volkswagen of America’s…
EIB Signs An Agreement To Boost The European EV Battery Production
The European Investment Bank (EIB) has signed a EUR 480 million loan agreement with LG Chem Wroclaw Energy, the Polish subsidiary of the LG Chem Group that was established to develop the group’s battery production facility in Europe. The financing…
