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Wednesday 20 November 2024
LG Group to invest KRW1.8 trillion over five years, aiming for net zero carbon emissions by 2050
LG Group (LG) has set a target to achieve net zero carbon emissions by 2050, making it the only South Korean conglomerate to publicly announce specific carbon neutrality goals and...
Tuesday 15 October 2024
South Korean firms advance EV battery safety: New materials and cooling tech tackle thermal runaway
Following an EV fire incident at a parking lot in Incheon, South Korea, in August 2024, research to mitigate thermal runaway in charging batteries has been expedited. Battery-related...
Thursday 15 August 2024
LG Chem set to overtake DuPont in OLED evaporation materials market in 2024
LG Chem's OLED evaporation materials business is experiencing robust growth, positioning the company to potentially surpass DuPont and claim the second-largest market share in the...
Monday 22 July 2024
Why didn't SK On make a profit in any of the 10 quarters since its establishment?
The SK Group views EV-related businesses as a key growth area for the future, which is why its battery subsidiary SK On invested over KRW20 trillion (US$14.5 billion) to expand its...
Monday 8 July 2024
Vietnam reportedly misses billions of investments due to insufficient subsidies
Vietnam's cautious approach to offering investment incentives may have cost the country billions of dollars in potential economic benefits and development. According to reports from...
Monday 18 December 2023
LG Chem invests US$820 million in new US cathode material plant to meet EV demand
As the demand for electric vehicles surges, LG Chem, a subsidiary of the South Korean-based tech giant, is set to construct a new cathode material plant in the United States to mark...
Monday 25 September 2023
LG Chem, Huayou Group to produce LFP cathode material in Morocco
LG Chem announced on September 24 that it will enter the LFP cathode material market with China-based partner Huayou Group. The pair aims to build a plant and produce the material...
Tuesday 13 December 2022
EV sector needs more clarity on Biden's energy law, says LG Chem CEO
A key supplier to the electric vehicle sector is urging the Biden administration to clarify details of a law aimed at drawing more battery manufacturing investment to the US.
Wednesday 23 November 2022
LG Chem to build largest battery material plant in Tennessee, eyeing US subsidies
As the US is eager to build its EV supply chain to reduce its reliance on China, LG Chem joined the ranks in expanding investments and building its largest cathode material plant...
Tuesday 22 June 2021
Battery cell supply for electric 2-wheel vehicles falling short
The supply of battery cells for two-wheel electric vehicles (EV) has fallen far short of demand, with suppliers seeing the visibility of customer orders strengthened to mid 2022,...
Thursday 31 December 2020
Samsung SDI, LG Chem, SK Innovation to offer ternary batteries with high nickel content
Samsung SDI, LG Chem and SK Innovation (SKI) are likely to introduce ternary batteries with nickel content exceeding 80% beginning 2021, and such batteries will be mainly used in...
Friday 11 December 2020
LG Chem reportedly developing EV-use module-less battery packs
LG Chem is reportedly developing module-less battery packs for use in electric vehicles (EVs) and likely to adopt LFP (lithium iron phosphate) cells in a bid to compete for orders...
Friday 8 November 2019
C-Tech expects China orders for notebook cell packs to rise in 2020
Taiwan-based battery pack maker C-Tech United expects to see orders for notebooks from its China-based partners rise significantly in 2020, while striving to diversify its offerings...
Monday 29 June 2015
LG Chem to mass produce hexagonal battery for smartwatches
LG Chem has developed a hexagonal battery for use in smartwatches, a move that will allow for 25% more energy efficiency than a rectangular battery, according to various Korea media...
Tuesday 31 March 2015
LG Chem to invest US$100 million to expand China polarizer facilities, says report
LG Chem will reportedly invest US$100 million to expand polarizer facilities in China in view of growing demand for the technology in the nation as the LCD panel industry continues...
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