LG ENERGY SOLUTION, LTD. LG Energy Solution
Business Performance | Financial Position | Cash Flow & Capex | |||||||||
Business Performance | Financial Position | Cash Flow & Capex | |||||||||
Business Performance | Financial Position | Cash Flow & Capex | |||||||||||
Energy
Density
(Wh/L) 800
700
600
500
400
High-Ni NCMA
High-VoltageMid-Ni NCM
Mid-Ni NCM
Mn-Rich
LMFP
LFP
Premium Segment Support
Energy | • Achieve energy density up to 750 Wh/L |
Density ↑ | • Nickel contents: mid/high 80% →over 90% |
• Improve thermal management technology | |
Safety ↑ | through design optimization |
• Reinforce thermal management solutions via | |
module and pack cooling system development | |
Charging | • Provide superior performance based on |
high content/efficiency silicon anode materials | |
Speed ↑ | |
• Achieve fast charging* of less than 15 minutes | |
* State of Charge(SOC) charge up to ~80% |
Key Achievement & Plan
- Supply agreement with Toyota in Oct. 2023 Plan to start production in Michigan from late 2025 (20GWh/year for 10 years)
- Expand supply support in line with OEMs' needs for premium EV segment
Energy
Density
(Wh/L) 800
High-Ni NCMA
700 HighVoltage Mid-Ni NCM
Mid-Ni NCM
600
Mn-Rich
500 LMFP
LFP
400
Mainstream Segment Support
Energy Density ↑ | • Achieve energy density up to 700Wh/L |
Cost Advantage ↑ | • Enhance about 10% of cost with less use of Ni & Co |
Safety ↑ | • 30%+ improved thermal stability / 2x longer life cycle |
* Compared to High-Ni NCM Chemistry
Action Plan
- Produce high-voltagemid-Ni NCM by '25 and develop customized solution
Affordable Segment Support
Energy Density ↑ | • Achieve energy density up to 580Wh/L |
Cost Advantage ↑ | • Enable high capacity through cell structure change |
and production process innovation | |
Action Plan
- Produce LFP by '26, Mn-Rich & LMFP based new products by '27
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
LG Energy Solution Ltd. published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2023 12:23:51 UTC.
