Recent events
Recent events tied to this brand in public sources.
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2021
LG companies and Li-Cycle agree on recycling and nickel supply
LG Energy Solution agreed to supply Li-Cycle with waste batteries from production and recycled lithium-ion batteries. Li-Cycle agreed to supply 20,000 tonnes of nickel to LG Energy Solution and LG Chem over ten years, beginning in 2023.
2021
LG Energy Solution and LG Chem invest in Li-Cycle
LG Energy Solution and LG Chem announced a strategic investment of $50 million in Li-Cycle, with each company contributing $25 million to acquire Li-Cycle common shares.
2021
LG Chem agrees to pay GM $1.9 billion over Bolt recall costs
General Motors said it reached an agreement with LG Chem for LG Chem to pay $1.9 billion to compensate GM for costs associated with the Chevrolet Bolt battery recall.
2021
LG Chem and ADM announce bioplastics joint venture
LG Chem announced a joint venture with Archer Daniels Midland to produce corn-based bioplastic. The companies said the venture was set to launch in the United States in the first quarter of 2022.
2021
LG Chem and DeFu Technology agree to long-term copper-foil cooperation
LG Chem said it had signed a memorandum of understanding with DeFu Technology to establish a long-term cooperation relationship in the copper-foil business.
2021
LG Chem buys shares in DeFu Technology
LG Chem said it purchased shares worth 40 billion won in Chinese copper-foil manufacturer Jiujiang DeFu Technology to help secure a stable supply of a key battery material.
2021
LG Chem and Innerbottle agree to launch plastic retrieval service
LG Chem and Innerbottle signed an agreement to start a door-to-door service in which residents leave used plastic containers outside their homes for collection. LG Chem will recycle the retrieved plastic into raw materials, which Innerbottle will use to make containers.
2021
Hyundai confirms battery-replacement recall for electric vehicles
Hyundai confirmed a recall involving battery replacements for the Kona Electric, Ioniq EV and Elec City bus. The article reports that the recall covers 82,000 vehicles worldwide and cites an investigation finding the possibility of short circuits in certain defective battery cells produced at LG Energy Solution’s Nanjing plant, leading to fires.
2021
Shanshan completes mainland closing for LG Chem polarizer assets
Shanshan's mainland closing for the LG Chem polarizer assets occurred on February 1, 2021. Shanshan began exercising actual control over the assets covered by that closing; the separate Taiwan closing remained pending approval.
2020
Korea approves Shanshan's LCD polarizer asset acquisition
Shanshan announced that the Korea Fair Trade Commission had approved the business-concentration matter related to its acquisition of LG Chem's LCD polarizer business and related asset interests.
2020
LG Chem spins off its battery business into LG Energy Solution
LG Energy Solution was formally established as a battery company spun off from LG Chem's battery business.
2020
LG Chem announces record preliminary third-quarter results
LG Chem announced preliminary third-quarter revenue of 7.5 trillion won and operating profit of 902.1 billion won, describing both as the largest in its history.
2020
LG Chem announces planned battery-business spin-off
LG Chem announced that it plans to spin off its battery business into a new company in December. The proposed subsidiary was provisionally named LG Energy Solutions.
2020
Yak Technology completes acquisition of LG Chem’s color photoresist business
Yak Technology’s subsidiary Siyang International completed the acquisition of LG Chem’s color photoresist business. From July 6, 2020, the business’s newly arising sales, procurement and other operating contract rights and obligations were transferred to Siyang Korea, the Korean subsidiary established to take over the business.
2020
Shanshan announces proposed acquisition of LG Chem polarizer assets
Shanshan announced a plan to acquire LG Chem's LCD polarizer business and related assets in mainland China, Taiwan, and South Korea through a holding company in which Shanshan would take a 70% stake and LG Chem would retain 30%.
2020
LG Chem and Samsung SDI close Michigan battery factories
LG Chem and Samsung SDI said they had closed their battery factories in Michigan amid the coronavirus pandemic; the closures were announced to last until April 13.
2020
Yake Technology subsidiary agrees to acquire LG Chem photoresist business assets
Yake Technology subsidiary Siyang International signed a business transfer agreement with LG Chem to purchase some operating assets of LG Chem’s color photoresist business for 58 billion won. The source describes the purchase as planned.
2020
Yake Technology agreed to acquire LG Chem photoresist assets
Yake Technology subsidiary Siyang International signed an agreement to acquire certain operating assets of LG Chem’s color photoresist business for 58 billion won (about RMB 334.54 million).
2020
LG Chem announces shutdown of its LCD substrate-glass line
LG Chem said its LCD substrate-glass production line in South Korea would shut down during 2020.
2020
Span and LG Chem partner on an integrated home energy system
Span partnered with LG to develop an integrated home electrical and energy management system combining Span’s smart panel with LG’s RESU energy storage units. The article reports the solution was expected to launch later that year.