General Motors and LG Energy Solution announced plans to commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs.
General Motors and LG Energy Solution announced plans to commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs.
LMR Prismatic Battery Cells for GM Trucks and SUVs: LG Energy Solution, in partnership with GM, is developing lithium manganese-rich (LMR) prismatic battery cells that offer 33% higher energy density compared to current lithium iron phosphate (LFP) cells. These batteries aim to provide over 400 miles of range for electric trucks while reducing costs by utilizing more abundant manganese instead of expensive cobalt.
Ultium NCMA Pouch Cells for Toyota BEVs: LG Energy Solution will supply high-nickel NCMA (nickel, cobalt, manganese, aluminum) pouch-type battery modules to Toyota, with an annual capacity of 20 GWh starting in 2025. These batteries will support Toyota's expanding line of battery electric vehicles (BEVs) assembled in the United States.
LFP Battery Production in Michigan: LG Energy Solution is investing $1.5 billion to establish a production line for lithium iron phosphate (LFP) batteries at its Holland, Michigan plant, with mass production set to commence in the second half of 2025. LFP batteries are known for their durability, safety, and cost-effectiveness, making them suitable for grid-scale storage and select EV applications.
Battery Recycling Joint Venture with Derichebourg: LG Energy Solution has established a battery recycling joint venture with Derichebourg. Under the agreement, LG Energy Solution will supply battery scrap from its facility in Poland, while Derichebourg will provide end-of-life EV batteries, aiming to enhance sustainability and resource efficiency.
Battery Modules for Ford's Commercial Vans: LG Energy Solution will supply battery modules from its Poland facility for Ford's commercial vans in the UK and EU markets. This collaboration supports Ford's electrification efforts in the commercial vehicle segment.
Battery Supply for Rivian R2 Vehicles: Rivian announced that its upcoming R2 vehicles will use next-generation batteries produced by LG Energy Solution in the US. These "4695" cells, larger than Tesla's 4680 cells, will be manufactured at LG's facility in Queen Creek, Arizona, aligning with the Inflation Reduction Act's tax credit requirements.
Battery Production for Energy Storage Systems (ESS): LG Energy Solution plans to launch battery production for the energy storage system (ESS) segment in the US in 2025. This initiative aims to meet the growing demand for grid-scale energy storage solutions.
Battery Innovation Contest (BIC) 2025: LG Energy Solution is hosting the 'Battery Innovation Contest (BIC) 2025' to foster startups with promising next-generation technologies. The contest seeks to strengthen LG's technology leadership by collaborating with innovative companies in the battery industry.
Global Production Capacity Expansion to 540 GWh: LG Energy Solution aims to increase its annual battery production capacity to 540 GWh by 2025. This expansion supports the growing demand for electric vehicles and energy storage systems worldwide.
Battery Supply Agreement with Toyota: LG Energy Solution has signed a long-term battery supply agreement with Toyota to provide lithium-ion battery modules with an annual capacity of 20 GWh starting in 2025. These modules will support Toyota's BEV production in North America.
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