{"id":24416,"date":"2022-06-13T09:04:22","date_gmt":"2022-06-13T13:04:22","guid":{"rendered":"https:\/\/autosector.com\/?p=24416"},"modified":"2022-06-13T09:04:22","modified_gmt":"2022-06-13T13:04:22","slug":"lges-4680type-battery-cells-korea","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=24416","title":{"rendered":"LG Energy Solution Will Produce 4680-Type Battery Cells In Korea"},"content":{"rendered":"

LG Energy Solution announced two new battery manufacturing investments in South Korea, related to 4680-type and 2170-type cylindrical cells.<\/p>\n

According to Reuters<\/em>, the company intends to invest a total of 730 billion KRW ($568 million) to expand its production capacity at the Ochang site.<\/p>\n

This includes a 580 billion KRW ($450 million) investment to add 9 GWh\/year production capacity of all-new 4680-type battery cells – most likely for Tesla<\/a>, which is the first electric vehicle manufacturer to popularize this form factor. The new line\/lines will be located at the No.2 Ochang factory.<\/p>\n

Meanwhile, at the No.1 Ochang factory, the company will add 4 GWh\/year worth of production capacity of already widely used 2170-type battery cells. This will cost 150 billion KRW ($116 million).<\/p>\n

“Mass production”<\/em> at the new lines is expected to be ready by the second half of 2023, which suggests that LG Energy Solution is at a similar stage as Panasonic, which aims to start series production at its Wakayama Factory in western Japan in the next fiscal year (between April 1, 2023 and March 31, 2024)<\/a>.<\/p>\n

If we add the two investments, Tesla potentially might count for a stream of roughly 20 GWh of 4680-type batteries (rumored 10 GWh Panasonic and 9 GWh LG Energy Solution) in about 12-18 months. Depending on the average battery pack capacity, it would be 267,000 of 75 kWh packs, 200,000 100 kWh packs, and 100,000 200 kWh packs.<\/p>\n

LG Energy Solution is currently investing a lot to expand its business around the world, including several new gigafactories in North America – joint ventures with General Motors (Ultium Cells)<\/a>, Stellantis<\/a>, and potentially also with Honda<\/a>. The company is investing 1.7 trillion KRW ($1.39 billion) to build a new cylindrical battery factory in Arizona<\/a>\u00a0and expand its plant in Michigan<\/a>. Other investments are in Europe (Poland)<\/a>, Nanjing, China (including a partnership with Tesla for 2170-type cells) and Indonesia (with Hyundai)<\/a>.<\/p>\n

LG Energy Solution new investments in brief:<\/p>\n