LG Chem Summary

GM Partnership with LG Chem

• GM secured a long-term supply of lithium cathode material from LG Chem for 1 million EVs.
• LG Chem is set to provide material for 1 million EVs annually from 2025 to 2030, not 5 million per year.
• GM will likely seek damages from LG Chem due to vehicle fires and brand damage caused by battery defects.
• GM and LG Chem may face a legal battle over battery defects present in the Bolt and Kona vehicles.

LG Chem Resu vs. Powerwall 2

• LG Chem Resu: Usable storage capacity is only 5.9 kWh compared to Powerwall 2's 13.5 kWh.
• There are concerns about the pricing logic when comparing $/kWh costs between the two products.
• Powerwall 2's included inverter doesn't eliminate the need for a separate inverter in new installations.

EV Market

• Hyundai is producing multiple EV models, potentially challenging Tesla in the market.
• Hyundai's EV lineup includes the Ioniq, Kona, Niro, GV, and more, showing a strong commitment to electrification.
• Hyundai's EV models are praised for their features like 800v charging and V2L capabilities.
• Tesla is still seen as a leader due to its charging network and brand recognition.

Miscellaneous Comments

• LG's reputation is scrutinized, with comments on their quality and management.
• The partnership between GM and LG Chem may face challenges, especially in resolving legal disputes.
• Concerns about EV battery management, cooling design, and possible delays in battery replacements for Bolt owners are raised.
• There are mixed opinions on GM's strategy, with some questioning their vehicle offerings and market positioning.
• Calls for more sustainable transportation options like public transit alongside electric vehicles.

By summarizing various Reddit comments related to LG Chem, it is evident that GM's partnership with LG Chem, comparisons between LG Chem Resu and Tesla Powerwall 2, insights on the EV market, and concerns surrounding battery defects and legal disputes are key topics of discussion among Reddit users.