LG Energy Solution and Honda have announced to establish a joint venture to build a $4.4 billion EV battery plant in the United States
News Source:- >> | Image Source:- >> Korean battery supplier LG Energy Solution Ltd. and Japan’s Honda Motor Co will build a new $4.4 billion lithium-ion battery gigafactory for electric vehicles in the United States. The plant is expected to have an annual production capacity of roughly 40 GWh...
LG Energy Solution has partnered with Huayou Cobalt to set-up battery recycling plant in China
News Source:- >> | Image Source:- >> South Korea’s top battery manufacturer LG Energy Solution Ltd. and China’s mining company Zhejiang Huayou Cobalt Co. have agreed to partner in a battery recycling joint venture for securing a stable supply of raw materials to make lithium-ion batteries for electric vehicles....
U.S. Department of Energy set to provide a loan of $2.5 billion to a joint venture of General Motors Co., and LG Energy Solution
News Source:- >> | Image Source:- >> A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Department of Energy (DoE), USA to build battery cell factories for electric vehicles. The fund will be provided...