Lithium battery producers are going where the demand will be. VolkswagenGate will ignite the new growth in EVs and LG Chem is moving fast to capitalise on it.
"Apple will go to The Trillion Dollars Market Cap and Tesla will build more Gigafactories. Dear Elon, please consider Ireland for the next Gigafactory, Ganfeng Lithium and International Lithium will be happy to supply you with our Lithium from Avalonia J/V and you can take Europe by the storm. Another interesting twist will come with Foxconn and its mystery $15k electric car, where they are investing now more than $800 million in China into the production facility. Everything is changing very fast in our electric space this year. Foxconn is the largest producer of iPhones and iPads for Apple, can we have the same cooperation with Apple Electric iCar? Lithium is the magic metal at the very heart of this rEVolution and Lithium supply is already under strain even before Tesla Gigafactory and other Megafactories are coming on-line."
Mass Market For Electric Cars: 3M And LG Chem Sign NCM Patent Deal for 500 km Battery.
"Cheaper and better batteries will bring us the mass market for electric cars. Tesla Gigafactory is already well known to the public, but it is not the only one building our electric future now. LG Chem, Boston Power, BYD and Foxconn are building their own Megafactories to produce mass volume lithium batteries. You can find a lot of information about the major lithium battery makers and the state of lithium market on the links below. Read more."
Lithium Race: LG Chem Pushes Australian Battery Storage Prices Down Competing With Tesla.
We have the best what can happen in order to drive the mass adoption of home lithium battery systems - competition! LG Chem joins lithium race with Tesla, Mercedes, Saft and Samsung.
Below you can find extended version of my research on home lithium battery systems, solar energy and lithium market for your weekend bedtime reading.
The Chosunilbo:
LG Chem to Build EV Battery Plant in Europe
LG Chem will build a plant to produce batteries for electric vehicles in Europe.
The company on Wednesday said that it decided to build an electric car battery plant with an annual production capacity of 50,000 batteries in Europe and is looking for a suitable site.
The most likely location is in Wroclaw in Poland, where LG Electronics, LG Display and LG Innotek have their branches.
LG Chem has a plant here with an annual production capacity of 200,000 batteries in Ochang, North Chungcheong Province and another overseas with an annual production capacity of 50,000 batteries in Holland, Michigan.
It is also building a factory in Nanjing, China, which is scheduled to be completed by the end of this year. The plant will produce 100,000 batteries annually starting next year.
A company spokesman said, "A factory in Europe will help us reduce logistics costs and increase supplies to the European market."
The company on Wednesday said that it decided to build an electric car battery plant with an annual production capacity of 50,000 batteries in Europe and is looking for a suitable site.
The most likely location is in Wroclaw in Poland, where LG Electronics, LG Display and LG Innotek have their branches.
LG Chem has a plant here with an annual production capacity of 200,000 batteries in Ochang, North Chungcheong Province and another overseas with an annual production capacity of 50,000 batteries in Holland, Michigan.
It is also building a factory in Nanjing, China, which is scheduled to be completed by the end of this year. The plant will produce 100,000 batteries annually starting next year.
A company spokesman said, "A factory in Europe will help us reduce logistics costs and increase supplies to the European market."
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