Korea’s LG Energy Solution plans to invest 4 trillion won ($3.1 billion USD) into its Ochang plant between now and 2026 to develop electric vehicle (EV) batteries, according to a statement from the company on Monday (via Reuters). The investment will go toward developing an R&D department and production facilities for EVs at the Ochang […]
Following Honda and LG’s announcement of plans to build an electric vehicle (EV) battery plant for $4.4 billion, the companies have unveiled the location for the upcoming plant. Honda and LG Energy Solutions will build their upcoming EV plant in Fayette County, Ohio, as announced in a press release on Tuesday. The location is roughly […]
Honda announced plans to partner with LG Energy Solution on a joint venture company to produce EV batteries in the U.S., as detailed in a press release on Monday. The batteries are expected to help the automaker provide EV batteries for electric Honda and Acura models in North America. The two companies are set to […]
Tesla revealed its plans for a larger, 4680 battery cell last year at its Battery Day event, expected to significantly reduce costs and increase the ranges of its cars. On Tuesday, The Korea Herald reported that Samsung SDI and LG Energy Solutions have completed sample 4680 battery cells for Tesla, according to a high-ranking industry […]
LG Energy Solutions is planning to build advanced battery cells for Tesla as soon as 2023, and is considering production sites in the United States and Europe, according to two people familiar with the matter (via NASDAQ). While Tesla has yet to agree to a deal that would expand LG’s role in the company supply […]
