LG Chem Mulls 2nd U.S. Battery Plant
South Korea’s LG Chem Ltd. is considering building a second battery manufacturing plant in the U.S. to meet growing demand for electrified vehicles.
The new factory would cost an estimated $1.7 billion and could start production by 2022, sources tell Reuters. They say a decision on the facility is expected by the end of this month, with sites in Kentucky and Tennessee as the leading contenders.
Earlier this week LG Chem CEO Shin Hak said the company was “pursuing” additional capacity, but he didn’t provide any details on its location or planned start date. The company declined to comment on the Reuters report.
LG Chem launched production at its battery plant in Holland, Mich., in 2013. The facility currently supplies battery cells for General Motors Co.’s Chevrolet Bolt EV.
LG Chem also has production bases in China, Poland and South Korea. In addition to GM, LG supplies batteries to Fiat Chrysler Automobiles, Hyundai, Volkswagen Group and Volvo.
Ram Truck chief exterior designer Joe Dehner talks about how they’ve developed the all-new pickup. “We’ve been building trucks for over 100 years,” he says. “Best I could come up with is that this is our 15th-generation truck.”
I'm not talking about a plastic Revell model of a '57 Chevy, but a real vehicle, one that rolls off an assembly line in 1999 with another 99,999 just like it right behind. Is it possible, or is this just a fantasy of the marketing department at Elmer's?
Additive manufacturing (AM) is just one manufacturing method that drives advanced mobility forward and also has a history of embracing the digital connectivity demanded by this trend.