LG Chem

LG Chem exec: Tesla's gigafactory to cut EV costs

12:01 am U.S. ET | March 30, 2015

Tesla Motors' "gigafactory," a huge battery plant under construction in Nevada, could help suppliers of lithium ion batteries for autos finally turn a profit, says Prabhakar Patil, CEO of LG Chem Power Inc....
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New generation of cheaper batteries adds power to hybrids, cut fuel use

12:01 am U.S. ET | March 25, 2015

A new generation of hybrid cars that combine electric and gas power in new ways are emerging as a low-cost alternative for automakers and consumers as batteries get cheaper and more efficient. The new microhybrid systems are coming on line just as automakers face a U.S. goal of 54.5 miles per gallon on average by 2025....
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THE SUPPLIER SPEAKS: PRABHAKAR PATIL

Battery maker shrugs off Tesla competition

12:01 am U.S. ET | Oct. 13, 2014

After years of disappointment, the EV market is ready to grow, predicts Prabhakar Patil, CEO of LG Chem Power Inc. Parent company LG Chem expects to grab 25 percent of global electric-vehicle battery sales by 2017 as battery prices fall and EV range rises....
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Renault-Nissan rethinks EV battery strategy

Sept. 25, 2014 06:01 CET

The Renault-Nissan alliance is reviewing its in-house battery production. Renault-Nissan CEO Carlos Ghosn says that the alliance will buy batteries from external suppliers rather than relying nearly exclusively on those made internally....
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LG Chem targets EV batteries with range of more than 200 miles in 2016

1:19 pm U.S. ET | July 18, 2014

South Korean supplier LG Chem plans to supply batteries for electric vehicles that can travel more than 200 miles, or 321 kilometers, per charge in 2016, its CFO said on Friday....
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