Automotive / EVs

LG Energy Solution will supply Renault’s Ampere with LFP batteries for five years

Time Stamp: July 3, 2024 1:36 AM
Source Node: 2960546

Republished by Plato

LG Energy Solution will supply Renault's Ampere with LFP batteries for five years

LG Energy Solution (LGES) announced that it will supply LFP pouch-type EV batteries to Ampere, the EV pure player born from Renault Group, its long-time customer. The two companies signed the supply agreement at Renault’s Paris headquarters in France. Under the five-year contract, LG Energy Solution will provide LFP batteries to Ampere from late 2025 through 2030, with a total capacity of approximately 39 GWh, enough amount to produce around 590,000 battery electric vehicles. The batteries will be manufactured in LG Energy Solution’s Poland facility and will power next-generation EV models from Ampere.

LFP batteries use iron and phosphate, which are less expensive than the materials used in NCM batteries, and have a stable chemical structure, ensuring competitiveness in terms of cost and safety. The demand for affordable entry-level EVs is growing, raising the demand for LFP batteries as well.

LG Energy Solution is delivering further price competitiveness by implementing CTP (Cell To Pack) solutions in the manufacturing process. CTP technology refers to a technology that removes the module stage and makes the cell into a pack structure right away. Compared to the general battery structure, the module-free advantage enables cost and weight reduction, while increasing space utilization.

Because of these advantages, CTP is considered a cutting-edge technology in the EV battery market, and LG Energy Solution is the first in the world to apply the technology to pouch-type batteries.

LG Energy Solution’s CTP solution-applied pouch-type batteries have about five per cent higher energy density per weight compared to the prismatic CTP technology batteries, offering higher energy efficiency for EVs.

LG Energy Solution will also enhance the safety of the batteries by increasing the toughness of the battery pack and applying proven heat transfer prevention technology.

Renault 5 E-Tech electric is the first vehicle to be designed entirely on AmpR Small, the new Ampere platform dedicated to B-segment electric vehicles. This makes it a unique vehicle with real competitive advantages including a flat floor, long wheelbase (2.54m), optimised interior space and boot capacity (326 litres), lower centre of gravity and reduced weight (less than 1,500 kg). The AmpR Small platform has also…

6 March 2024

Renault is enhancing the appeal and accessibility of its Scenic E-Tech electric with the addition of the 60kWh battery version, which lowers the starting price of the innovative, family-focused SUV to £37,495 OTR. Offered exclusively in techno trim, the new Scenic E-Tech electric 170hp Comfort Range costs £3,500 less than the previous entry-level version. Adding to its attainability, and for a limited time only, the…

6 March 2024

LG Energy Solution and Honda have erected the final structural steel beam at the joint venture’s new EV battery production facility being constructed near Jeffersonville, Ohio. This major construction milestone comes almost one year to the day after the groundbreaking that took place for the over 2 million square feet facility that is expected to be completed by the end of 2024. Projected to reach an overall…

5 March 2024

LG Energy Solution announced its equity investment in Sion Power, a startup company based in Arizona, U.S. which holds core patents in the field of lithium metal battery technology. A lithium metal battery uses a lithium metal anode instead of a graphite or silicon anode to achieve higher energy efficiency compared to existing lithium-ion batteries. However, progress in its development has been slow due to new…

25 January 2024

Ampere is an autonomous company that designs, engineers, manufactures, and markets electric passenger cars under the Renault brand in Europe. On November 1st, 2023, the establishment of the company was fully completed. It now includes 11,000 employees, of which 35% are engineers, focusing on EV and software technologies. Ampere benefits from strong assets for which most investments have already been made, including…

15 November 2023

Korean news agency Yonhap reports that LG Energy Solution, Ford, and Koç Holding scrap plans to build an EV battery JV in Türkiye. Earlier this year, on February 22, the three companies signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Türkiye. The agreement was subject to final…

13 November 2023

Mitsubishi Motors announced today its investment in Ampere, an EV and software company to be established by the Renault Group. For Mitsubishi Motors, the investment comes as an ambitious step forward in its mid-term management plan announced in March 2023, where Mitsubishi Motors committed to the development of electric vehicles and to strengthen cooperation with its Alliance members toward the acceleration phase of…

25 October 2023

LG Energy Solution and Toyota Motor North America today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles (BEVs) that will be assembled in the United States. Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of 20GWh starting from 2025. The battery modules, consisting of high-nickel NCMA…

4 October 2023

The all-new Renault Scenic E-Tech electric debuted at IAA Mobility 2023 in Munich. This EV is designed around families and their need to travel freely and safely. It blends seamlessly into the Renaulution strategic plan: it is electric, up-to-the-minute, brimming with useful and intuitive technology, and designed more sustainably. As a reminder, SCENIC is the acronym for Safety Concept Embodied in a New Innovative…

4 September 2023

Governor Brian P. Kemp today announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 billion. This expansion will create another 400 new jobs. In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding…

1 September 2023

Back in January, it was announced that Nissan will invest in Renault’s Ampere. Today, the two companies concluded the definitive agreements achieved back then. As part of this cooperation, Nissan has confirmed its intention to become a strategic investor in Ampere, Renault Group’s new EV and software entity in Europe. Accordingly, Nissan has committed to invest in Ampere up to Euro 600 million consistent with being…

26 July 2023

U.S. is on the cusp of an electric vehicle (EV) revolution, as EVs are expected to make up half of new car sales worldwide by 2035 (Goldman Sachs). At the forefront of this growing market, LG Energy Solution Michigan’s second battery plant is now on track, with the aim of expanding its capacity five-fold. LGES Michigan is investing USD 1.7 billion into the expansion project, adding an additional 1.7 million square…

25 July 2023

NextStar Energy, the vehicle battery joint venture between Stellantis and LG Energy Solution, signed a binding agreement that secures the future of battery cell and module production in Windsor, Ontario and honors the commitments that were made by the Canadian government to level the playing field with the U.S. Inflation Reduction Act (IRA). Effective immediately, all construction at the NextStar Energy battery…

7 July 2023

LG Chem announced in South Korea that it has started mass production of high-nickel single-particle (single crystal) cathode materials for next-generation EV batteries at its Cheongju cathode material plant in June. The first batch of products will be sent to global customers in July. LG Chem plans to expand its single-particle cathode material production line to its Gumi plant by 2027 and expand its total…

29 June 2023