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China s CATL is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world s No.1 supplier, two people with. | June 4, 2021 ....
LG Chem stocks hit by ESS battery recall Posted : 2021-05-26 16:52 By Kim Hyun-bin LG Chem s stock price took a nosedive, Wednesday, after two problems emerged. First was LG Energy Solution (LGES) announcing a voluntary recall Tuesday of its lithium-ion batteries used in energy storage systems (ESS) due to potential fire risks. The recall is set to cost the company 400 billion won ($356.6 million). LGES is a subsidiary of LG Chem. The second was Credit Suisse slashing LG Chem s target price in half. The ESS batteries that were made in LG Chem s factory in Nanjing, China, between April 2017 and September 2018, are subject to the recall. ....
Message : Required fields DETROIT/SEOUL (Reuters) - Ford Motor Co and South Korean battery maker SK Innovation are set to launch a battery joint venture in the United States to support the ramp-up of the No. 2 U.S. automaker s electric vehicle rollout, two people familiar with the matter said. A memorandum of understanding about the joint venture will be announced on Thursday, the sources, who asked not to be identified, told Reuters. The deal may eventually include a jointly owned plant to make battery cells for use in rechargeable EV batteries, the sources said. Ford declined to comment other than to say SK is a valued supplier, but scheduled a conference call for 9 a.m. ET on Thursday to provide an update on Ford batteries. SK Innovation said in a statement it does not comment on specific projects for reasons of client confidentiality. ....
LG Chem invests W40 billion in Chinese battery copper foil company Posted : 2021-05-16 16:44 Updated : 2021-05-16 17:05 LG Chem Senior Vice President Nam Chul, third from left, and DeFu Ma Ke, owner of Jiujiang DeFu Technology, second from right, pose for a commemorative photo at the investment signing ceremony, Sunday. Courtesy of LG Chem By Kim Hyun-bin LG Chem aims to strengthen its battery materials value chain by investing in a Chinese battery copper foil company. The LG affiliate said Sunday that it plans to invest 40 billion won in Jiujiang DeFu Technology, a major battery copper foil manufacturer. Copper foil is a key material used to develop rechargeable batteries. ....
Posted : 2021-05-02 16:10 Updated : 2021-05-02 18:28 By Kim Hyun-bin LG Chem is in the midst of a large-scale recruitment drive at its advanced materials and electric battery materials businesses to meet demand in the fast-growing market. According to the company, the advanced materials division aims to hire both new recruits and experienced workers in the battery materials field. This is the largest recruitment drive since the division was established in 2019. Through the new hires, LG Chem is aiming to diversify its businesses including anodes, separation membranes, battery materials, and engineering and OLED materials. The company plans to hire over a hundred workers in its battery materials business alone. Prospective applicants need to submit their resume by May 11 ― those who are successful will go through a two-stage interview process and take an aptitude test. New hires are scheduled to start work in July. ....