Dawn of the Electric Vehicle Age
A boom in electric vehicles (EVs) is spreading across the world today, with Europe in the lead, and bolstered by an increasing number of policy and business incentives. Regulators in the Netherlands and Norway have declared their intention to gradually reduce the number of cars running on fossil fuels, leading up to a complete ban in 2025. The German Bundesrat also passed new legislation in October forbidding the distribution of cars with internal combustion engines (ICEs) as of 2030. Electric cars were at the center of attention at Paris Motor Show 2016 as well, with local regulators deciding to limit the number of diesel cars permitted to enter the city center by 2020. At the motor show, automakers unveiled their new EV models, with double to quadruple the driving distance over previous models.
Industry insiders expect Europe’s EV market to multiply dramatically, from the current 110,000 or so cars to 2.77 million cars by 2030. With the end of the first generation of EVs, capable of driving 150 to 200 kilometers on a single charge, automakers will begin to release models capable of driving 300 kilometers or more in the latter half of 2016, ushering in the second generation of EVs and further intensifying competition with cars running on ICEs.
One major reason for this increasing demand can be found in the improved quality of EV batteries. Constant R&D has made it possible for companies like LG to find ways to increase the energy density of their EV batteries, increase driving distance, and dramatically reduce the cost of production through economy of scale.
Increasing prospects for growth of global EV markets
Merrill Lynch, July 2016 Unit: number of EVs
- 2016 Global0.51 million Europe0.11 million
- 2020 Global1.65 million Europe0.37 million
- 2025 Global4.55 million Europe1 million
- 2030 Global12.06 million Europe2.76 million
LG’s cutting-edge EV battery technology
Navigant Research, a global market research agency, rated LG Chem as the most competitive developer and manufacturer of EV batteries worldwide in December 2015, with the company making EV battery deals in 83 projects with 29 automakers worldwide so far, for a cumulative total contract value amounting to USD 32 billion. The company has supplied batteries for over half a million EVs so far, with absolutely no quality issues in the process.
LG Chem held a groundbreaking ceremony for its new European EV battery manufacturing outlet, located near the Polish city of Wroclaw, in October 2016. Built for a total investment of USD 353 million, when complete, the plant will be 41,300 m² in total area, or larger than five soccer stadiums combined, and will be Europe’s first-ever large facility producing EV batteries. By 2019, the plant will be able to manufacture at least 100,000 batteries for high-performance EVs capable of driving for at least 320 kilometers with each charge.
Construction of the Polish plant will make LG Chem the world leader in battery manufacturing, with a four-pillar global network for both production and development, encompassing Ochang (Korea), Holland (United States), Nanjing (China), and Wroclaw (Poland). This competitive production base for top-notch EV batteries in the American, Chinese, and European markets will together make up over 90 percent of the entire international EV market, and allow LG Chem to manufacture over 280,000 EV batteries a year.
EV battery contracts secured by LG Chem so far
Supplier to 29 automaker
projects so far
USD 32 Bil
Cumulative total contracts
valued at USD 32 billion
LG Chem’s four-pillar global EV battery production system
Total plant area: 41,300㎡ (Equivalent to 5 soccer fields)
USD 360 Million invested
A complete system capable of producing all components of each unit: electrodes, cells, modules, and packs
Republic of Korea
- - Plant location: Cheongju, Chungcheongbuk-do
- - In operation since 2011
- - Main market: Korea and abroad
- - Capacity: at least 100,000 pure EV batteries
- - Plant location: Kobierzyce (near Wroclaw)
- - To be completed in 2017
- - Main market: Europe
- - Capacity: at least 100,000 pure EV batteries
- - Plant location: Nanjing, Jiangsu
- - In operation since 2015
- - Main market: China
- - Capacity: at least 50,000 pure EV batteries
- - Plant location: Holland, MI
- - In operation since 2012
- - Main market: United States
- - Capacity: at least 30,000 pure EV batteries
Cars for a zero-emissions age
Pure EVs emit no greenhouse gases, unlike diesel or hybrid cars, consequently attracting greater attention and demand as a way to reduce pollution worldwide. LG is contributing to growth of the pure EV industry with its advanced battery technology and production, and continues to support a better and cleaner world for our future through eco-friendly vehicles.
LG Chem EV
- - Made with Safety-Reinforced Separator (SRS®) technology.
- - Compact, heat-minimizing pouch
- - Adaptable design
- - Compatible with diverse types of cooling systems
BMS (Battery Management System)
- - Precise battery analysis
- - Facilitates communication between battery software and the vehicle
- - Effective cooling design
- - Maximum safety and stability
- - Expert consultation on a comprehensive range of issues
Cell design modified to optimize capacity