UPDATED. 2024-06-20 07:03 (목)
LG Energy rejects LG Electronics’ battery equipment
LG Energy rejects LG Electronics’ battery equipment
  • Stan Lee
  • 승인 2024.05.10 07:32
  • 댓글 0
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Electronics maker to sell kits to non-LG companies
Image: LG Energy Solution
Image: LG Energy Solution

LG Electronics is attempting to sell battery production equipment to non-LG companies.

This stems from its recent failure to win orders from the joint battery factory of LG Energy Solution and Hyundai Motor in the US, sources said.

LG Electronics’ Production engineering Research Institute (PRI), known as LG PRI, has long been the go-to equipment supplier for LG Group affiliates. LG PRI supplies equipment from its registered equipment partners and takes a portion of the profits.

But it recently lost to Top Engineering for the order for Z-stacking equipment from LG Energy Solution and Hyundai Motor. The pair’s US factory is expected to continue to use Top Engineering as it expands the application of advanced Z-stacking in its battery production lines.

LG PRI pitched a price of 200 billion won per unit while Top Engineering offered between 160 to 180 billion won.

LG PRI’s attempt to sell its equipment outside of LG affiliates is its first. Sources said the business unit will first attempt to sell battery assembly equipment such as those for notching, stacking, tab welding, and packaging.

Some of its equipment partners that will attempt to win over new customers with LG PRI will be Naintech, Shinjin Mtec, ETS, and System R&D.

However, these companies are focused on supplying equipment for pouch-type batteries. Most battery makers today focus on prismatic and cylindrical batteries. While SK On also makes pouch batteries like LG Energy Solution it is unlikely that LG PRI will attempt to supply equipment to the company.

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