Official launch in July
LG Electronics approved a business division plan related to electric vehicle powertrain (power transmission system) within the VS business division. LG Magnai Powertrain, a joint venture with Magna International, the world’s third largest in the world, will be officially launched in July.
LG Electronics held the 19th regular shareholders’ meeting at LG Twin Tower in Yeouido, Seoul on the 24th, and announced that the agenda for approval of the division plan for the electric vehicle powertrain-related business within the VS Business Division has been passed. The company held a temporary board meeting last year and decided to establish a joint venture with Magna International in the field of electric vehicle powertrain.
LG Electronics, a spin-off company, will have a 100% stake in LG Magna E-Powertrain (tentative name), a new spin-off company through physical spin-off. Magna is expected to acquire a 49% stake in the new spin-off company.
The board of directors of LG Electronics consists of △Inside Directors Bong-Seok Kwon (President and Chief Executive Officer of LG Electronics), Doo-Yong Bae (Vice President of LG Electronics, Chief Financial Officer) △ Other Non-Executive Director Kwon Young-soo (Vice Chairman and Chief Operating Officer of LG Corp.) △Outside Director Dae-Hyung Kim· It is composed of directors Baek Yong-ho, Lee Sang-gu, and Kang Su-jin. The Audit Committee is appointed by Daehyung Kim, Yongho Baek, and Sujin Kang, outside directors and audit committee members.
Last year’s financial statements were also approved, such as setting dividends of 1,200 won for common stock and 1,250 won for preferred stock per share. It also passed agenda such as re-appointment of LG Electronics vice president Bae Doo-yong and professor Kang Su-jin of Korea University Law School as a member of the Audit Committee.
Battery Materials Innovation Conference Announcement: Webinar on April 8th
The Elek, a media specialized in electronic components, will hold a’Battery Material Innovation Conference’ on April 8th, through companies in charge of the four core materials for batteries, to view related technology trends, tasks and future. The event is held as a webinar, and various companies such as Heraeus, a global company for core battery materials, and Enchem, a company specializing in electrolytes, share the latest information. LPN, which is developing silicon anode materials, also participates.
We are also preparing to announce the latest issues in the battery industry that predicts the latest technologies and future trends, the 4 key material market trends, and the development direction of next-generation cathode materials.
This is a differentiated conference organized and organized by The Elek, a media specializing in electronic components. We hope that you can seize new business opportunities with new information. We ask for your interest.
Go to pre-registration page
-Event overview-
Occasion: Battery Material Innovation Conference
Organizer: The Elek, a media specialized in electronic components (www.thelec.kr)
Date: April 8, 2021 (Thursday) 13:30-17:00 (Live Webinar)
Participation fee: 165,000 won (tax included)
*For those who have registered in advance, we will tell you how to participate.
* Provides a one-month replay service.
-Program-
| Presentation time | subject | Speaker |
| 13:30~14:00 | Battery 4 Core Material Market Trends | Korea Battery Industry Association You-Tak Kim Team Leader |
| 14:00~14:30 | Development status and business strategy of silicon-based anode material and spherical anode material | Jeong-Hoon Oh, Senior Vice President, LPN AMT Division |
| 14:30~15:00 | Porous carbon to improve battery performance | Dr. Heraeus Moritz Hentel |
| 15:00~15:30 | Next-generation cathode material development direction | Pohang Institute of Industrial Science and Technology Nam Sang-cheol Group Head |
| 15:30~16:00 | Development of high energy density Ni-rich anode and cathode electrolyte | Enchem, Eunki Shim Director |
| 16:00~16:30 | Recent issues in the battery industry and outlook for materials, raw materials and recycling markets | Park Jae-beom Senior Researcher, POSCO Research Institute |
| 16:30~17:00 | Lithium excess cathode material development trend | Professor Donghwa Seo, Department of Energy and Chemical Engineering at UNIST |
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