Oct. 28, 2015, 12:02 PM
- Tesla Motors (NASDAQ:TSLA) will use LG Chemical (OTC:LGCLF, OTC:LGCEY) for battery upgrades on the Roadster model.
- Though the Roadster is no longer produced by Tesla, the cooperation between the two companies could give Tesla some leverage with Panasonic (OTCPK:PCRFF, OTCPK:PCRFY) as the gigfactory prepares to ramp up.
- LG Chem is already a supplier to the Volt EV and will build batteries for the new all-electric Bolt.
- Previously: GM finds a tech partner for Bolt EV (Oct. 20 2015)
Oct. 20, 2015, 2:27 PM
- General Motors (NYSE:GM) will partner with LG Chem (OTC:LGCLF, OTC:LGCEY) on production of the all-electric Chevrolet Bolt.
- LG subsidiaries are working on various parts of the Bolt - including electric motors, battery cells, and other electronic/dashboard components.
- The GM-LG partnership continues a major trend of automakers and tech firms collaborating. Apple-BMW and Tesla-Samsung are other notable tie-ups, while Google is expected to find a partner soon.
Jan. 7, 2013, 5:45 AM
South Korea's LG Group intends to increase its investment in its electronics ops by almost a third this year to 13.4T won ($12.6B), with the money to go towards ramping up production of LCD and OLED panels, as well as to R&D for phone software, TV sets and flexible displays. LG also aims to spend 3.5T won on its chemical business.| Jan. 7, 2013, 5:45 AM