Battery-News

Author name: Cornelius Karow

LG: Construction starts on US cathode plant

LG Chem has started construction of a cathode plant in the United States. The plant is being built in Montgomery County, Clarksville, Tennessee, and will produce cathode materials for use in electric vehicles for the North American market. Production volume halved since initial announcement LG Chem is investing approximately US$1.6 billion in the first phase of the project. The plant is expected to reach an annual capacity of 60,000 tons of cathode material, making it the largest of its kind in the US. It should be noted that these figures have been halved compared to the original announcement of the plant in November 2022. At that time, a capacity of 120,000 tons and an investment of $3.2 billion were planned. Production to start in 2026, customers already secured The plant is scheduled to start mass production of NCMA cathode material in 2026. LG Chem plans to diversify its product portfolio with future generations of cathode materials and expand its production capacity. According to the company, it has already secured major contracts for the supply of cathode materials in North America, including a 950,000-ton contract with General Motors and a contract worth approximately $2.5 billion with Toyota. Sources: https://www.lgcorp.com/media/release/27138 https://www.lgcorp.com/media/release/25594

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Intelligent manufacturing: LEAD and Dassault Systèmes join forces

The Chinese technology company Lead Intelligent Equipment (LEAD) and the German industrial software company Dassault Systèmes have signed an agreement on a global strategic cooperation. Aim of the cooperation is to drive innovation in digitalization and intelligent manufacturing. The collaboration will focus on using Dassault Systèmes’ digital platform to enhance LEAD’s lithium cell production solutions. At this year’s World Intelligent Manufacturing Conference, LEAD presented its vision of a future global collaborative R&D and procurement system. LEAD showcased solutions that include integration with Dassault Systèmes’ digital platform. While no further information was given about the details of the collaboration, the companies emphasized their commitment to a “long-term, stable, and mutually beneficial partnership”. Source: https://www.pressebox.com/pressrelease/lead-intelligent-equipment/lead-intelligent-equipment-and-dassault-systemes-forge-global-strategic-cooperation-at-the-2023-world-manufacturing-conference/boxid/1183534

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