LG Chem Plans to Recoup 48 Billion Yuan

On December 1st, LG Chem announced a strategic partnership with Haier Smart Home Co., Ltd. to jointly establish a laboratory. The core goal is to enhance new product development and technological cooperation, providing users with innovative smart home appliance solutions. Steven Kim, Head of the ABS Division at LG Chem, and Li Yang, Vice President of Haier Smart Home, attended the signing and unveiling ceremony.

The joint laboratory will integrate the core advantages of both parties to advance technological breakthroughs, leveraging LG Chem's product and technological strengths in high-performance materials, as well as Haier Smart Home's industry experience in home appliance manufacturing and technological innovation. It will focus on key areas such as new products, new materials, and new processes in home appliances, addressing specific technical challenges in new product development and accelerating the transformation and implementation of technological achievements.

As a global leader in ABS manufacturing, LG Chem has an ABS production capacity of 2.3 million tons, maintaining the number one position in international market share. With a diversified product system, it provides high value-added ABS materials. At the same time, it has taken the lead in launching eco-friendly recycled PCR ABS and bio-based BCB ABS materials, continuously promoting a green and low-carbon transition.

• Develop core technology for the commercialization of all-solid-state batteries.

11 25 LGChemicals announced the successful development of core technology that significantly improves the performance of solid-state batteries by uniformly controlling the particle size of the core material solid-state electrolyte. The related research results have been published in a high-level academic journal.Advanced Energy MaterialsPublished on the above.

*Title of the Paper : Manipulating the size of solid electrolyte particles via spray-recrystallization: Toward reliable and high energy density all-solid-state batteries

This study is conducted by LG.Institute of New Generation Materials Research in Chemistry in collaboration with Hanyang University, KoreaTaeseup SongThe research team led by the professor jointly achieved a breakthrough result, which is a significant step forward for both parties in increasing the commercialization potential of all-solid-state batteries.

All-solid-state batteries are a new generation of lithium-ion batteries that use solid electrolytes instead of existing liquid electrolytes. Although they have higher safety and energy efficiency, being solid can lead to internal voids in the battery if the particle sizes are uneven, resulting in a decline in battery performance.

To tackle these challenges,LGChemistry collaborates with the research team at Hanyang University to use spray recrystallization in the production process of electrolyte particles.Spray-RecrystallizationThe technology involves spraying the electrolyte solution into fine droplets and then allowing the solvent to evaporate, thereby producing uniform spherical particles. This effectively addresses the issue of uneven particle sizes that occur when using conventional methods to manufacture electrolytes.

Due to the uniform electrolyte being able to fit more closely with the positive electrode active material, lithium ions can move more easily. Compared to batteries using existing electrolytes, the capacity of batteries using the new technology has increased by approximately.15%The high-rate discharge capacity has increased by approximately50%High-rate discharge capacity is the core performance standard for batteries suitable for high-power devices. Based on the results of this study,LGThe chemistry plan will accelerate the development of solid-state electrolytes and the commercialization of all-solid-state batteries.

Additionally, LG Chem recently disclosed its plan to reduce its stake in its subsidiary LG Energy Solution from about 80% to around 70%. This move aims to improve the company's long-term financial situation and enhance shareholder returns. As a result of this news, LG Chem's stock price fell by 2% on the Seoul Stock Exchange.

Notably, in October this year, LG Chem announced a plan to sell shares, intending to sell LG Energy Solutions stocks worth 2 trillion won, which is expected to reduce its shareholding ratio by 2.5% to 79.4%. The proceeds from the sale will be used to repay loans related to new businesses such as battery materials and biotechnology. If both sale plans are successfully completed, LG Chem expects to receive approximately 10 trillion won in funds, equivalent to about 48 billion yuan, which will effectively improve its financial situation.

LG Chem's latest financial report shows that in the third quarter of this year, the company achieved sales of 11.1962 trillion Korean won, a year-on-year decrease of 11.3% and a quarter-on-quarter decrease of 1.9%. Operating profit was 679.7 billion Korean won, a year-on-year increase of 38.9% and a quarter-on-quarter increase of 42.6%. Despite the decline in revenue, operating profit still achieved growth, mainly due to the contribution from LG Energy Solution. The data shows that LG Energy Solution's third-quarter revenue was 5.7 trillion Korean won, a quarter-on-quarter increase of 2.4%, and operating profit was 601.3 billion Korean won, a quarter-on-quarter increase of 22.2%.