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LG Chem

Panasonic and Toyota launch EV battery business as solar lifts Kyocera and LG

Electronics corporations Panasonic, Kyocera and LG have filed results for the nine months to December 31. All three reported uplifts because of their solar activity and LG has said it will dive deeper into energy storage. Panasonic is deepening its commitment to automotive batteries through a new joint venture with Toyota.

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Volvo to join blockchain-powered ethical auditing of cobalt supply chain

Corporations in the auto industry, battery manufacturing and mining have joined forces to establish reliable due diligence reporting on raw minerals. Volvo will be among the first to move on the issue by putting its cobalt supply chain under scrutiny early next year.

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EU lender pitches in for LG Chem battery gigafactory in Poland

The European Bank for Reconstruction and Development is lending €250 million for a project which has expanded from producing an initial 100,000 EV batteries per year to an hoped-for 1 million by 2022, creating 1,000 new jobs along the way.

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Tesla gigafactory orders see LG Chem supplant BYD as third biggest global battery supplier

The Chinese e-mobility company has been hammered since Beijing’s abrupt reduction of electric vehicle subsidies in the summer. Korean outfit LG Chem’s shipment volumes have gone in the opposite direction.

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Siemens and TIES to open battery research center in China

The facility is set to open this year and will offer battery suppliers digitalization research and manufacturing consulting. Smaller manufacturers will be able to use shared laboratories for research.

German equipment suppliers take lead in European storage market, report says

German suppliers may still play a central role in providing residential storage systems, however the increasing number of Asian manufacturers on the European market is undeniable. Particularly in the U.K. and Italy, they have captured the lion’s share of sales.

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