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Topic

LG Chem

Asia naphtha recovers

Published 03 Jun, 2021 04:13am
SINGAPORE: Asia’s naphtha crack recovered on Wednesday although gasoline margins fell for a fourth straight ...
GM, LG Energy Solution to build 2nd US battery plant in Tennessee

GM, LG Energy Solution to build 2nd US battery plant in Tennessee

Published 16 Apr, 2021 07:57pm
  • The planned 2.8 million-square-foot plant, scheduled to open in late 2023, will employ 1,300 people and is expected to have a production capacity similar to the companies' Ultium Cells joint-venture plant in Lordstown, Ohio, of about 35 gigawatt-hours as they move to respond to the growing demand in the electric vehicle market.
  • LG Chem said in a regulatory filing that its LG Energy Solution unit will invest $933.5 million in the plant between this year and 2023.
Battery maker Northvolt signs $14 billion order from Volkswagen

Battery maker Northvolt signs $14 billion order from Volkswagen

Published 15 Mar, 2021 05:44pm
  • The battery maker also said it will sell its share in joint-venture Northvolt Zwei to Volkswagen, while the carmaker increases its ownership in Northvolt.
  • By consolidating cell production to the Northvolt Ett gigafactory, the partners will achieve further economies of scale, thereby securing the best possible cost and enabling the lowest environmental footprint in the world for cell production.
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