11/12/24, 6:00 PM

Nov. 12 – Capchem was honored with the 2024 Best Partner Award at the LG Energy Solution’s (LGES) “Partner Day” Annual Supplier Conference at Konjiam Resort. The event brought together over 80 global suppliers, including Capchem, to align LGES’s market strategy and goals for synergistic development.

Capchem stood out as the only electrolyte supplier in LGES’s raw material supply chain to receive the award, recognizing their product quality, technological innovation, and critical role as a strategic partner.

“Capchem is proud to support LG Energy Solution’s leadership in the lithium battery market,” said Capchem Chairman Johnson Qin, who attended the event. “We look forward to strengthening our collaboration and driving innovation together to meet the evolving needs of the global energy market,” he added.

LG’s 2023 announcement of the single largest investment ever for a battery manufacturing complex in North America includes two separate manufacturing facilities in Arizona. A $3.2 billion facility will be dedicated to the manufacturing of cylindrical batteries for electric vehicles (EVs) with a production capacity of 27 GWh/year. The second $2.3bn facility will be dedicated to the manufacturing of lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS) with a production capacity of 16 GWh/year. Commercial operations at the EV and ESS facilities are expected to begin from 2025 and 2026, respectively.

Capchem is committed to advancing global green energy solutions through scientific and technological innovation. The company continues to expand its international footprint and deliver cutting-edge, sustainable solutions for the global battery industry. With its integration into the U.S. battery supply chain, Capchem’s new projects are set to strengthen its capacity to deliver tailored, high-quality services to customers throughout North America.