SEOUL: South Korean petrochemicals maker LG Chem Ltd will split off its electric-vehicle (EV) battery business into a separate entity, seeking to carve out value as global EV demand increases.
Electric vehicles are statistically far less likely than gas-powered cars to catch fires. One study shows that gas cars are up to five times more prone to igniting. But when EVs do catch fires ...
LG Chem began building the plant in December 2023 with a designated production capacity of 60,000 tons of battery cathode materials per year. LG Chem’s CEO, Shin Hak-cheol, said in a statement ...
LG Chem Ltd, the chemicals unit of South Korea’s LG Group, announced this week it had signed an agreement with Exxon Mobil Corporation of the US to source up to 100,000 tons of lithium carbonate ...
ExxonMobil said on Wednesday (Nov 20) it has signed a non-binding lithium supply deal with battery parts maker LG Chem, the oil giant’s second agreement to supply the electric vehicle battery metal ...
Exxon Mobil Corp. has signed a preliminary agreement to provide battery metal lithium to an LG Chem Ltd. plant in the US, strengthening the oil major’s role in the domestic critical minerals ...
Supplying oxygen to LG Chem’s future cathode active material plant, the Group will be supporting the growth of the battery ecosystem in the United States. This investment will increase the Group ...