LG Chem locks up Ford battery contract, but will it lead to long-term success?

Long ago named the lithium-ion (Li-ion) battery supplier for the Chevy Volt (see the October 29, 2008 LRPJ), LG Chem announced this week that Ford picked it to supply the same batteries to their upcoming electric vehicle (EV), the Ford Focus Electric. LG Chem's U.S. subsidiary, Compact Power (CPI), ...

This research is archived and therefore no longer available. For further assistance please contact your Customer Success Manager or email ClientEngagementTeam@luxresearchinc.com. Thank you!

Related Research

Battery fires prompt expensive recall of 81,701 Hyundai electric vehicles

News Commentary | February 24, 2021

The initial root cause of the failure is disputed, with Hyundai claiming a defect in the cathode tab and LG Energy Solutions claiming it was a battery management system design error. This is a particularly impactful failure, as more than 80,000 vehicles now need their batteries replaced, which at an... To read more, click here.

Tesla transitions to LFP in its Megapacks

News Commentary | June 30, 2021

Though Tesla has consistently used nickel‑based cathodes in its products – NCA cathodes in its vehicles and NMC in its stationary storage products – the company announced it would begin using LFP‑type cathodes in its stationary storage line of products. The move was probably motivated by several ... To read more, click here.

Tesla introduces LiFePo cathodes for all its standard-range vehicles

News Commentary | November 01, 2021

The announcement comes amid the rising nickel and cobalt prices across the globe. Tesla's switch to LFP can be viewed as a move toward cheaper production costs and mitigating supply chain risks in rare earth metals like nickel and cobalt. It should not be a surprise, as Tesla offers the LFP‑based ... To read more, click here.