SEOUL, May 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical and battery maker, said Sunday that it has signed a deal to supply electric vehicle batteries to a major SUV company in China. Under the deal signed with Great Wall Motor, LG Chem will supply batteries for plug-in electric SUV models that [...]
SEOUL, South Korea, Feb. 5 (Korea Bizwire) – LG Chem., Ltd., the world’s largest OLED light panel manufacturer, today unveiled the world’s biggest building installation of OLED lighting at the inauguration ceremony for Seoul National University’s new main library. LG Chem supplied 1,100 OLED light panels for reading lights at the KwanJeong Library at Korea’s premier [...]
SEOUL, Jan. 13 (Korea Bizwire) — Korean companies are building up a solid lead in the market for electric vehicle batteries. According to a market report on automotive batteries published by SNE Research on January 12, Korean companies held a 41 percent share of automotive battery patents as a percentage of the global total. LG Chem held [...]
SEOUL, Sep 12 (Korea Bizwire) – LG Chem has set out to engage in the OLED lighting device business in earnest. The LG Group company said on September 11 that it has developed new OLED lighting panels comparable to LED lighting devices in terms of energy efficiency and life span without the problem of glaring. The company [...]
SEOUL, Aug. 21 (Korea Bizwire) – LG Chem will supply electric car battery packs to Germany’s Audi, a Volkswagen Group company. As the Korean battery maker secures more than a half of the world’s top-ten auto manufacturers as clients, it is in an enviable position to take the leadership in the fast-emerging eco-friendly car battery market. The LG [...]
SEOUL, Aug. 13 (Korea Bizwire) — Amid the sluggish petrochemical market due to low global economic growth and low demand from China, LG Chem plans to overcome the situation with a two-track strategy of reinforcing technology-based business and developing new materials. LG Chem, a leading electric vehicle battery maker, made the two-track business plan to [...]
SEOUL, Aug. 5 (Korea Bizwire) – Korea’s biggest chemical firm, LG Chem, will invest US$450 million (about 467 billion won) in a factory for electric car batteries in Nanjing, China, according to “Nanjing Daily,” local newspaper, on August 1. LG Chem already announced on July 2, that it had signed a memorandum of understanding with the Nanjing City government [...]
SEOUL, July 28 (Korea Bizwire) — LG CNS, an affiliate of LG Group, announced on July 27 that it had successfully developed a “smart lighting solution” which can control lighting devices using its intelligent IT system. According to LG CNS, a global provider of comprehensive IT services, it could save as much as 6.3 billion won a [...]
SEOUL, July 3 (Korea Bizwire) – LG Chem will build an electric vehicle battery plant in China’s Nanjing, the third plant after Cheongju (Korea) and Holland (Michigan, U.S.). The company held a signing ceremony at its LG Twin Tower in Yoido, Seoul, on July 2 with high-ranking officials from the Nanjing city government. The ceremony was attended [...]