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LG Chem – Company profile of electric vehicle battery global leader

January 16, 2021
in Battery Technology
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LG Chem is one of the largest battery cell production companies in the world. The company is based in South Korea and has branches in China, North America, and Europe. LG Chem mainly supplies the automotive industry with its cells and battery systems.

Table of Contents
  1. Clients
  2. You might also like
  3. Oman Investment Authority Invests in US Silicon Battery Technology Company
  4. Albemarle is investing in a new R&D facility to help advance the state of EV battery technology
  5. Nio produced 300,000 vehicles in December
  6. Product types
  7. Battery value chain
  8. Competitors
  9. Production locations

Clients

Approved:

  • GM
  • Jaguar Land Rover
  • VW
  • Audi
  • Porsche
  • Daimler
  • SAIC GM
  • etc.

Clients unapproved:

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Oman Investment Authority Invests in US Silicon Battery Technology Company

Albemarle is investing in a new R&D facility to help advance the state of EV battery technology

Nio produced 300,000 vehicles in December

  • Rivian

Product types

LG Chem offers different cell formats to their customers. For the established automotive industry, the pouch cells are most popular. However, LG Chem is still offering the 27100 cylindrical cell (round cell) to Tesla and Rivian.

  • Pouch cells
  • prismatic cells
  • cylindrical cells
LG Chem battery cell to module to pack
LG Chem product example for prismatic cells – from cell to module to pack

Battery value chain

Cell production, Module assembly, Pack assembly, BMS

Competitors

Large battery cell production companies like CATL (China), Samsung SDI (South Korea), SK Innovation (South Korea), Panasonic (Japan)

Production locations

LG Chem significantly expanded its battery cell production in Europe and the USA.

  • South Korea (in operation)
  • China
    • 2x Nanjing (in operation)
    • JV with Geely (announced)
  • Poland, Wroclaw (in operation)
  • USA
    • Michigan (in operation)
    • Ohio in JV with GM (announced)
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