LG Chem is Investing $3.2 Billion to Build a Cathode Manufacturing Facility for Electric Vehicle Batteries in Tennessee

Electric vehicle battery manufacturer LG Chem announced the signing of a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility for electric vehicle (EV) batteries in the city of Clarksville. The new plant will be the largest of its kind in the U.S. and will produce enough cathode materials to power 1.2 million EVs once fully operational.

Eric Walz2022-11-22 10:00 PT

Battery Maker LG Chem Loses $6 Billion in Market Value After GM Announces Chevy Bolt EV Recall

Shares of South Korean battery maker LG Chem fell by 11% on Monday on the first day of trading after automaker General Motors announced its expanding the recall of the Chevy Bolt EV due to the risk of battery fires. LG Chem is GM’s battery partner and supplied the batteries used in the Bolt EV.

FutureCar Staff 2021-09-29 10:00 PT

Battery Maker LG Chem Aims to Supply Tesla with Batteries in 2023, Plans to Build a New Factory in the U.S. or Europe

Battery maker LG Chem is aiming to build electric vehicle batteries for Tesla by 2023. To support its goal, LG is planning to build a new battery factory in the U.S. or Europe, where its will produce the battery cells for Tesla.

FutureCar Staff 2021-04-15 18:00 PT

SK Innovation Vows to Return to U.S. After Being Hit With a 10-Year International Trade Commission Ban on EV Battery Imports

​South Korean battery maker SK Innovation is vowing to return to producing electric vehicle batteries in the U.S. after being hit with a 10-year import ban by the U.S. International Trade Commission (ITC) over the theft of trade secrets from rival LG Energy Solutions (LG Chem). LG Chem filed its trade complaints against SK Innovation in 2019 and sought to block SK from producing battery cells in the United States as well as importing the components necessary to make battery cells.

FutureCar Staff 2021-03-25 17:25 PT