LG Energy Solution

LG ELECTRONICS TO ENTER U.S. EV CHARGING MARKET WITH LINE OF OWNER-OPERATED AC AND DC CHARGERS

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Thursday, November 16, 2023
LG Electronics, Level 3, Senior, Electronics, EVS, Level 2, Global Insight, LG, Research, Element, Goldman Sachs, LG Energy Solution, AC, CCS1, SAE J1772, NACS, LCD, EV, HVAC, San Diego Chargers, Environment, Restaurant

LINCOLNSHIRE, Ill., Nov. 16, 2023 /PRNewswire/ -- Global innovator LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC powered EV charging stations. According to LG Business Solutions USA's Senior Vice President Nicolas Min, the line will include Level 2 and Level 3 EV chargers, opening new opportunities for businesses, municipalities and other public places to support the electrification of America with independently owned and operated charging stations.

Key Points: 
  • LINCOLNSHIRE, Ill., Nov. 16, 2023 /PRNewswire/ -- Global innovator LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC powered EV charging stations.
  • "Our product roadmap supports various use cases to provide a flexible, adaptable family of EV chargers to keep America moving as electric vehicles continue to grow in popularity and capabilities."
  • Complementing LG Electronics' entry into the EV charger market, its sister company LG Energy Solution is the world's leading producer of EV batteries, investing billions of dollars in U.S. manufacturing.
  • The new LG chargers coming next year will feature trusted LG software to enable integration with other LG infrastructure elements including digital display networks.

Secondary Battery Recycling Market size to increase by USD 22.05 billion between 2023 to 2028; The lead-acid segment will witness significant growth during the forecast period. - Technavio

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Thursday, November 9, 2023
Exide Industries, Metal, EnerSys, Recycling, Wood, USD, LG Energy Solution, Growth, Car, Gesellschaft mit beschränkter Haftung, Electric battery, Speciality chemicals

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- The secondary battery recycling market size is expected to grow by USD 22.05 billion from 2023 to 2028, according to Technavio.

Key Points: 
  • NEW YORK , Nov. 9, 2023 /PRNewswire/ -- The secondary battery recycling market size is expected to grow by USD 22.05 billion from 2023 to 2028, according to Technavio.
  • To find a preview of the market overviews, market drivers, opportunities, and potentials Request a Free sample report
    Secondary Battery Recycling Market 2024-2028: Company Analysis
    The secondary battery recycling market is fragmented due to the presence of many global and regional players.
  • The global off-grid secondary battery recycling market is expected to grow rapidly during the forecast period due to the Self-sustainability of battery raw materials.
  • Secondary Battery Recycling Market 2024-2028: Segmentation Analysis
    The lead-acid segment will witness significant growth during the forecast period.

Automotive Battery Management System Market worth $11.7 billion in 2028 - Exclusive Report by MarketsandMarkets™

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Monday, October 30, 2023
Lithium, Carbon, Volkswagen Group, Aerospace, Temperature, BMW Group Plant Dingolfing, AMP, Mercedes-Benz Group, Composite, Medical device, Electric vehicle, LMO, Cell, NCA, Polymer blend, BMS, Oxide, LFP, Growth, Mah, Transport, Cathode, Vehicle registration plates of Nepal, NMC, Supercapacitor, LCO, AVL, Component, BMW, Defense, Volkswagen, LG Energy Solution, Communication, Centralisation, Consumer electronics, Automotive industry, Electric battery, Region, Modularity, Pseudocapacitor, Capacity

In the distributed battery management system topology, each cell in the battery pack has a dedicated slave board that measures and controls an individual cell.

Key Points: 
  • In the distributed battery management system topology, each cell in the battery pack has a dedicated slave board that measures and controls an individual cell.
  • However, the cost of a distributed system can be much higher for battery packs with many cells than that of a centralized system.
  • The European automotive battery management system industry has been segmented into Germany, the UK, France, and the Rest of Europe.
  • These factors are driving the growth of the automotive battery management system market in this region.

Automotive Battery Management System Market worth $11.7 billion in 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, October 30, 2023
Lithium, Carbon, Volkswagen Group, Aerospace, Temperature, BMW Group Plant Dingolfing, AMP, Mercedes-Benz Group, Composite, Medical device, Electric vehicle, LMO, Cell, NCA, Polymer blend, BMS, Oxide, LFP, Growth, Mah, Transport, Cathode, Vehicle registration plates of Nepal, NMC, Supercapacitor, LCO, AVL, Component, BMW, Defense, Volkswagen, LG Energy Solution, Communication, Centralisation, Consumer electronics, Automotive industry, Electric battery, Region, Modularity, Pseudocapacitor, Capacity

In the distributed battery management system topology, each cell in the battery pack has a dedicated slave board that measures and controls an individual cell.

Key Points: 
  • In the distributed battery management system topology, each cell in the battery pack has a dedicated slave board that measures and controls an individual cell.
  • However, the cost of a distributed system can be much higher for battery packs with many cells than that of a centralized system.
  • The European automotive battery management system industry has been segmented into Germany, the UK, France, and the Rest of Europe.
  • These factors are driving the growth of the automotive battery management system market in this region.

NOTICE TO DISREGARD -- Sunrise New Energy

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Wednesday, October 25, 2023
Lithium, LG Energy Solution, News, Rare-earth element

ZIBO, China, Oct. 25, 2023 (GLOBE NEWSWIRE) -- We are advised by Sunrise New Energy Co., Ltd. that journalists and other readers should disregard the news release, “Sunrise New Energy Announces Discussing Collaboration with LG Energy and Abu Dhabi Investment Fund for Lithium Battery Material Manufacturing Overseas”, issued October 24, 2023, over GlobeNewswire.

Key Points: 
  • ZIBO, China, Oct. 25, 2023 (GLOBE NEWSWIRE) -- We are advised by Sunrise New Energy Co., Ltd. that journalists and other readers should disregard the news release, “Sunrise New Energy Announces Discussing Collaboration with LG Energy and Abu Dhabi Investment Fund for Lithium Battery Material Manufacturing Overseas”, issued October 24, 2023, over GlobeNewswire.

Sunrise New Energy Announces Discussing Collaboration with LG Energy and Abu Dhabi Investment Fund for Lithium Battery Material Manufacturing Overseas

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Tuesday, October 24, 2023
LG Energy Solution, Research, Abu Dhabi Investment Office, LG, Carbon, EPOW, Lithium, Sunrise

ZIBO, China, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it is in discussions with LG Energy and the Abu Dhabi Investment Fund regarding a potential collaboration.

Key Points: 
  • ZIBO, China, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it is in discussions with LG Energy and the Abu Dhabi Investment Fund regarding a potential collaboration.
  • The parties are discussing the establishment of a new lithium battery material manufacturing facility in Abu Dhabi, with an anticipated annual production capacity of 50,000 tons of anode materials.
  • Chinese lithium battery and materials companies have recently accelerated their global expansion efforts.
  • As core components of electric vehicles, lithium battery material enterprises are at the forefront of the global industry.

LG Energy Solution Reports Solid 3Q Operating Profit, Aims to Enhance Product Competitiveness Across All Segments

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Wednesday, October 25, 2023
Toyota, Erosion, JV, EV, KRW, NCM, NCMA, IRA, ASP, Original equipment manufacturer, KRX, Nickel, Cell, Cobalt, ESS, Lithium, LFP, Growth, CFO, LG Energy Solution, GM, LEV, Renewable energy, Electric battery

LG Energy Solution posted consolidated revenue of KRW 8.22 trillion, a 6.3 percent decrease quarter-on-quarter and a 7.5 percent increase year-on-year.

Key Points: 
  • LG Energy Solution posted consolidated revenue of KRW 8.22 trillion, a 6.3 percent decrease quarter-on-quarter and a 7.5 percent increase year-on-year.
  • The company posted operating profit of KRW 731.2 billion, a 58.7 percent increase quarter-on-quarter and a 40.1 percent increase year-on-year.
  • LG Energy Solution will also strengthen its product portfolio targeting mid- to low-end EV segment, namely high-voltage mid-nickel NCM solution with a cost advantage, manganese-rich batteries, and LFP[２]/LMFP[３]batteries.
  • "In response to constantly evolving and diversified market needs, we will secure differentiated production competitiveness across all segments, ranging from premium and mainstream to affordable," said Youngsoo Kwon, CEO of LG Energy Solution.

Electra Provides Update on Cobalt Refinery Project

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Monday, October 23, 2023
Other Manufacturing, Technology, EV, Electric Vehicles, Automotive, Other Energy, Manufacturing, Energy, Mining, Minerals, Batteries, Natural Resources, Three Fires, US, Government, EPCM, Public expenditure, Copper, Nickel, Engineering, Multimedia, Cobalt, Manganese, Lithium, Fire, Recycling, Graphite, LG Energy Solution, Rare-earth element, Oil

Installation of the equipment delivered at site will occur as Electra secures its capital funding requirements for the refinery project.

Key Points: 
  • Installation of the equipment delivered at site will occur as Electra secures its capital funding requirements for the refinery project.
  • We remain encouraged by Three Fires’ continued commitment of a strategic investment in Electra.”
    In June 2021, Electra launched its project to expand and recommission an idled refinery capable of producing 5,000 tonnes of cobalt contained in cobalt sulfate per year.
  • Once fully constructed, the refinery has the capacity to expand to 6,500 tonnes of cobalt contained in cobalt sulfate per year.
  • Electra will continue to provide updates on the progress of its refinery project and efforts to secure funding.

LG Energy Solution enblock S to Make U.S. Debut in November

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Monday, November 20, 2023
Technology, Construction & Property, Other Energy, Building Systems, Alternative Energy, Energy, Batteries, Hardware, Residential Building & Real Estate, LG Energy Solution, EV, UL (safety organization), PV, Laboratory, AC, KRX, Kilowatt-hour, Multimedia, ESS, Customer, Safety, Installation, Fire, BCU, Online shopping, Heating, ventilation, and air conditioning, Thermoplastic

View the full release here: https://www.businesswire.com/news/home/20231018508836/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231018508836/en/
    The LG Energy Solution enblock S energy storage system will launch in the U.S. in November.
  • LG Energy Solution enblock S 10 has three BMAs and an energy capacity of 10.6 kWh; the LG Energy Solution enblock S 14 has four BMAs and 14.1 kWh; and the LG Energy Solution enblock S 17 has five BMAs and 17.7 kWh.
  • Later this year, LG Energy Solution will introduce enblock S+, enabling customers to acquire the enblock S battery in conjunction with LG Energy Solution’s new AC-coupled inverter as a bundled solution.
  • Find out more features of the LG Energy Solution enblock S by watching this video: https://news.lgensol.com/media-library/videos/1920/
    LG Energy Solution enblock is a new residential ESS brand.

LG Energy Solution and Toyota Sign Long-term Battery Supply Agreement to Power Electric Vehicles in the U.S.

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Thursday, October 5, 2023
NCMA, Cell, Aluminium, Bev, Safety, Carbon, KRW, Manganese, LG Energy Solution, Growth, Cobalt, Nickel, Toyota Motor Manufacturing Kentucky, KRX, Toyota Motor North America, BEV, Electric battery, Automotive industry, Lexus

- Two global leaders join forces to drive the future growth of battery electric vehicles in the U.S.

Key Points: 
  • - Two global leaders join forces to drive the future growth of battery electric vehicles in the U.S.
    - LG Energy Solution to supply Toyota with 20GWh of high-nickel NCMA battery modules annually from 2025.
  • SEOUL, Korea and PLANO, Texas, Oct 5, 2023 - (JCN Newswire) - LG Energy Solution (KRX: 373220) and Toyota Motor North America, Inc. (Toyota) today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles (BEVs) that will be assembled in the United States.
  • Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of 20GWh starting from 2025.
  • The battery modules, consisting of high-nickel NCMA (nickel, cobalt, manganese, aluminum) pouch-type cells, will be manufactured in LG Energy Solution's Michigan facility.