LG Chem

  • LG to open Europe’s largest EV battery factory in Poland next year

    LG to open Europe’s largest EV battery factory in Poland next year

    LG is opening Europe’s largest factory for building lithium-ion batteries destined for use in electric cars, the company announced. Its LG Chem division is going to open the doors for the facility in 2019 in Poland near Wroclaw, per Reuters, and the facility will be able to supply as many as 100,000 EV batteries per year beginning next year. Read More

  • Ford Charges Up With Compact Power Batteries

    Ford‘s 2011 Focus Electric will run on Compact Power Inc.’s lithium-ion battery, the company announced today. The batteries will initially be made in South Korea at CPI’s parent company, LG Chem, with plans to start manufacturing at a new $300 million site in Holland, Mich. in 2012. The Focus Electric will be a full battery electric passenger car made at Ford’s… Read More

  • Higher battery prices caused by fire at LG plant

    A fire at LG Chem in South Korea on March 3rd has contributed to a worldwide notebook battery shortage, according to Reuters. Asustek is expected to be hardest hit, as the shortage “could affect up to 40 percent of second-quarter shipments” from Taiwan’s second-largest PC maker. A Dell spokesperson acknowledged the shortage today and has blamed it for recent replacement… Read More