LG Chemical Power Battery Introduction

LG Chemical is a global leader in soft package power batteries

LG Chemical's business scope includes basic materials, information electronic materials, batteries, materials and life sciences. In 2017, sales revenue accounted for 67.1 % / 17.7 % / 10.7 % / 2.1 %. Among them, the battery business consists of power batteries, small batteries and ESS batteries. In 1998, LG chemistry began to enter the battery field; In 2009, LG Chemical and South Korea's Hyundai Kia cooperated for the first time to apply independently developed and produced lithium-ion batteries to commercial electric vehicles. At present, LG Chemical has developed into a mainstream global power battery manufacturer and is the global leader of soft package power batteries. LG Chemical's power cell solution covers Cell, Module, Pack, BMS, etc., and can provide all product combinations related to power cells.

Sales: LG Chemical power battery Shipments Continue to Increase

In 2015/2016 / 2017, LG chemical power battery shipments were 1.3 / 1.9 / 4.8 Gwh, and global shipments ranked 7/6/4. According to MiraeAssetDaewoo Research, LG Chemical Battery Revenue in 2017 is estimated to be about 1.7-1 .8 trillion won(equivalent to about RMB 10 billion), and it is expected to be about 2.8 trillion won(RMB 16.8 trillion) in power battery revenue in 2018. According to LG Chemical's announcement, in 2017, the revenue of the five Korea/China/US/Europe factory/R&D bases was 4197/2443 / 2232/414/15 billion won, and the total revenue was 943.6 billion won(equivalent to RMB 5.7 billion).

Customer & amp; Supplier: Customer covers European and American mainstream depots and has material production capacity.

As early as 2009, LG Chemical reached a strategic partnership with Hyundai Kia. Its core customers are GM, Renault, Hyundai Kia, Volvo, and CT & amp; T, etc., the main supporting models are Chevrolet Bolt, Volt, Renault Zoe. As an important chemical manufacturing company in the world, LG Chemistry has a layout in the fields of positive materials, diaphragm, electrolytes, etc.. It also actively cooperates with external quality suppliers to ensure stable supply while reducing costs. The core suppliers of LG chemical power cell business include Mitsubishi Chemical, Hitachi Chemical, and BASF.

Strategic planning: the global distribution of the soft package leader, the third generation of power battery energy density has greatly increased

LG chemic-powered batteries are arranged globally as follows.(1) Korea Wu Cang: Responsible for the supply of domestic markets in South Korea, and also responsible for the regulation of global market orders; (2) Nanjing, China: The current production capacity is about 3GWh. In July 2018, a new power battery project was built in Binjiang Development Zone. It is expected that it will be fully productive in 2023, with an annual production capacity of 32GWh; (3) Michigan, United States: Meeting the needs of the United States market, mainly supplying American car companies General Motors, Ford, etc.; (4) European Poland: LG Chemical is the first large-scale power battery production base in Europe. By the end of 2017, LG chemically-powered battery production capacity is 18 GWh, and it is expected to expand to 34 GWh in 2018; According to the projections of SNE and BNEF, production capacity is expected to reach 70Gw in 2020. According to LG Chemical's plan, the third-generation power battery will be launched in 2020 with an energy density target of 700 Wh/L, which is 50 % higher than the current mass production energy density of Gaochu. In 2018, LG Chemical will achieve the small batch production of NCM811 power batteries, and it is expected that by 2020 it will achieve large-scale commercial applications.

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