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lg chem

Gigafactory 1
News

Panasonic Finds Financial Success as Tesla’s Battery Supplier

February 4, 2021 Darryn John 0

Panasonic’s battery business foresees a full-year profit due to its partnership with Tesla. Panasonic supplies Tesla with batteries from the Gigafactory in Nevada. The Model 3 and Model Y rely on these batteries, and with […]

LG Chem
News

LG Chem to double battery production capacity in China to keep up with Tesla demand: Report

November 30, 2020 Drive Tesla Staff 0

One of Tesla’s main battery suppliers in China is reportedly set to more than double its production capacity in order to keep up with orders from the electric vehicle (EV) automaker. According to a report […]

MIC Model Y
Model Y

LG Chem signs contract to be sole battery supplier for Tesla Model Y in China

November 22, 2020 Darryn John 0

As production of the made-in-China Tesla Model Y approaches, the supplier of one of the key components of the electric vehicle (EV) has been chosen. According to a report from Business Korea, the South Korean […]

EVgo Chevy Bolt charging
News

GM recalls 68,000 Chevy Bolt EVs over potential battery fires

November 14, 2020 Mike Flemming 0

General Motors is voluntarily recalling more than 68,000 Chevrolet Bolt EVs over concerns of potential battery fires. The recall, which impacts Bolt EVs made between 2017 and 2019, but does not include the newest 2020 […]

LG Chem
News

LG Chem developing new EV battery with increased density and power

October 21, 2020 Drive Tesla Staff 0

One of Tesla’s main battery suppliers has revealed it is developing a new battery that could dramatically increase performance in electric vehicles (EVs). LG Chem announced Wednesday the “new form-factor” cylindrical battery increases energy density […]

LG Chem
News

Tesla considering investing in LG Chem EV battery business: Report

September 29, 2020 Mike Flemming 0

LG Chem, a key battery supplier for Tesla with a backlog of orders worth more than $125 billion, will reportedly separate its battery business into a new entity, LG Energy Solution. Tesla is reportedly looking […]

LG Chem
News

Tesla battery supplier LG Chem expects continued growth and profitability in Q3

July 31, 2020 Darryn John 0

Electric vehicles (EVs) and EV batteries seem to be making a lot of headlines these days, and that popularity is helping one major supplier turn a profit. LG Chem, which supplies batteries to Tesla, Volkswagen, […]

Tesla vs Hyundai
News

To avoid falling further behind Tesla, Hyundai accelerating EV plans

July 28, 2020 Darryn John 0

In 2019 Hyundai Motor Group sold 86,434 battery electric vehicles (BEV), topping the likes of Volkswagen, which sold 73,278 BEVs during the same time period. Those numbers are far behind the 367,500 electric vehicles Tesla […]

Giga Berlin render
News

Giga Berlin will have local battery cell production. But from who?

July 27, 2020 Mike Flemming 0

Last week Tesla revised their building plans for Giga Berlin, removing buildings required for battery pack production. After the change, many were wondering how the automaker was going to source the batteries for the 500,000 […]

Ford VW partnership
News

Dispute between two EV battery suppliers could delay Ford and VW electric dreams

July 22, 2020 Darryn John 0

Ford and Volkswagen (VW) both have ambitious plans to release a number of electric vehicles (EVs) over the coming years. Those plans could be in jeopardy due to an ongoing dispute between two South Korean […]

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