LG Chem

LG Chem to start production at Mich. car battery plant in July

1:52 pm U.S. ET | May 6, 2013
South Korean battery maker LG Chem plans to begin commercial production at its Michigan factory in July and will initially supply its products to General Motors' Volt electric vehicles.... Read More »

 

LG Chem aims to start U.S. car battery plant later this year

9:48 am U.S. ET | April 19, 2013
South Korea's LG Chem aims to start production at its Michigan car battery factory in the second half of this year, two executives said today, as the firm tries to revive the plant's fortunes despite slow demand for electric vehicles.... Read More »

 

Audit rips grant waste at LG Chem factory

12:01 am U.S. ET | Feb. 18, 2013
An LG Chem battery plant in Michigan that received $150 million in U.S. Department of Energy grants used federal dollars to pay employees who played games, watched movies or did community service during work hours, a government audit says.... Read More »

 

Audit blasts U.S. loans to support Michigan battery plant

2:36 pm U.S. ET | Feb. 13, 2013
An LG Chem battery plant in Michigan that received $150 million in U.S. Department of Energy grants used federal dollars to pay employees who played games, watched movies or did community service during work hours, a government audit says.... Read More »

 

A NEGATIVE CHARGE

How government, industry created lithium ion battery overcapacity

12:01 am U.S. ET | Dec. 3, 2012
The drive to tool up lithium ion battery plants mixed environmentalism, national energy independence and a global race to dominate what seemed to be a coming boom. But in the excitement, boosters missed a key point: With gasoline prices below $4 a gallon, electric-drive vehicles were too expensive to attract mainstream car buyers. The gap between optimistic projections and marketplace results created what is, at least for now, a mess.... Read More »

 

LG Chem confirms delay at battery plant

3:44 pm U.S. ET | Oct. 24, 2012
Sluggish demand for electric vehicles has led South Korean battery maker LG Chem to delay the start of production at its new plant in western Michigan. Production at the lithium ion battery cell plant was scheduled to start this year, but the company put 200 employees on a rolling furlough on April 30, and extended the furloughs on Aug. 30.... Read More »