The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Wed, May 18, 2022 | 06:19
Tech
LG to supply NCMA battery for Tesla next year
Posted : 2020-12-17 15:27
Updated : 2020-12-17 18:54
Print Preview
Font Size Up
Font Size Down
LG Group's headquarters on Yeouido, Seoul / Courtesy of LG Group
LG Group's headquarters on Yeouido, Seoul / Courtesy of LG Group

By Kim Bo-eun

LG's new battery business unit is set to become the first company to produce batteries with nickel, cobalt, manganese and aluminum (NCMA) anode materials for EVs next year. LG Energy Solution is set to provide the NCMA batteries to Tesla, according to industry sources.

LG Energy Solution has stated it will produce the battery, 90 percent of which will be made of nickel, beginning in the latter half of 2021.

Regarding the supply of the battery to Tesla, an LG Energy Solution official said, "We cannot confirm this as we cannot specify the names of our clients."

But the firm is beefing up production capacity at its plant in Nanjing, China. The plant manufactures cylindrical battery cells used in Tesla's vehicles.

It has been reported that the company will provide NCMA batteries for Tesla's Model Y.

LG earlier partnered with General Motors to produce the battery by 2022. But LG's sooner-than-expected production, and supply slated for next year, may speed up manufacturing with GM.

LG and GM set up a joint venture to manufacture Ultium batteries by 2022. The company Ultium Cells will produce NCMA batteries for GM EVs at its plant in Lordstown, Ohio.

The NCMA battery cathode is 90 percent nickel and the percentage of cobalt is below five percent.

The high nickel percentage brings up energy density and enables EVs to travel a distance of 600 kilometers per charge. Existing batteries only enabled the vehicles to travel 500 kilometers per charge.

LG Energy Solution brought down battery costs by reducing the use of cobalt and substituting this with aluminum. Aluminum is known to balance out instability that may arise in the high energy-density-cathode.

LG Energy Solution referred to Hanyang University professor Sun Yang-kook's paper, which states the NCMA battery outperforms Samsung's NCA battery and SK's NCM9, both of which have a nickel percentage of around 90 percent, in capacity, battery life and resistance. Sun has been listed by Clarivate Analytics in 2019 as a researcher with highly cited work in material science.

The company will be supplied with the battery by L&F, a local manufacturer of cathode materials for secondary batteries.

LG Energy Solution has made a 1.45 trillion won deal with the firm. L&F is led by Huh Je-hong, the great grandson of the late LG Group co-founder Huh Man-jung.

L&F made a regulatory filing, Wednesday, outlining the deal to supply cathode materials to the company for the next two years.

POSCO Chemical is supplying cathode materials for Ultium Cells. It is setting up a production line in Gwangyang, South Jeolla Province.


Emailbkim@koreatimes.co.kr Article ListMore articles by this reporter
 
  • Competition heats up in urban air mobility market
  • As China says goodbye to 2023 Asian Cup, should Korea step in?
  • The Collective brings 'Bootycandy' to Korea
  • India's wheat export ban feared to raise prices of bread, instant noodles
  • Air Seoul to resume Incheon-Boracay flights next month
  • Gov't urged to increase support for creators when K-culture is hot
  • Ex-baseball coach accused of assault suspended for 100 games by KBO
  • Korean volunteer fighter in Ukraine doesn't regret his action despite facing imprisonment at home
  • South Korean, Chinese FMs agree to discuss humanitarian aid for NK
  • 5 Woori Bank branches open exclusively for foreign customers every Sunday
  • BTS wins three Billboard Music Awards, marking 6th year to win an award BTS wins three Billboard Music Awards, marking 6th year to win an award
  • Yeo Jin-goo offers glimpse of his role in new series 'Link: Eat, Love, Kill' Yeo Jin-goo offers glimpse of his role in new series 'Link: Eat, Love, Kill'
  • How did TikTok become main marketing tool for K-pop? How did TikTok become main marketing tool for K-pop?
  • 'Broker,' 'Decision to Leave' to kick off summer blockbuster season 'Broker,' 'Decision to Leave' to kick off summer blockbuster season
  • Antony Gormley, Chun Kyung-ja to be highlighted at this month's auction Antony Gormley, Chun Kyung-ja to be highlighted at this month's auction
DARKROOM
  • 2022 Pulitzer Prize: Bearing witness to history

    2022 Pulitzer Prize: Bearing witness to history

  • Worsening drought puts millions at risk

    Worsening drought puts millions at risk

  • Our children deserve the best

    Our children deserve the best

  • End of mask mandates

    End of mask mandates

  • Rio Carnival returns after two-year hiatus

    Rio Carnival returns after two-year hiatus

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group