LG Energy Solution
LG Energy Solution is a prominent battery manufacturer, recognized as the third-largest producer of electric vehicle (EV) batteries globally, holding approximately 15% of the market share in 2023. The company's EV battery segment is its primary revenue source, contributing over 60% of total revenue that year. In addition to EV batteries, LG Energy Solution also produces batteries for various applications, including mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was established as a separate entity from LG Chem's battery division in December 2020 and subsequently listed on the Korea Exchange in January 2022. With manufacturing facilities located in Korea, China, Poland, and the United States, LG Energy Solution serves a diverse range of key customers, including major automotive manufacturers such as General Motors, Tesla, and Volkswagen.
Established in 2016, OnePredict is a prominent provider of industrial AI technology, recognized for its innovative solutions in machine digitalization and intelligence. The company has won the Global PHM Data Challenge nine times, highlighting its expertise in this field. OnePredict's product line, including the GuardiOne® Series, Cells, Edge, and Cloud solutions, focuses on delivering advanced AI applications for various industrial components such as bearings, turbines, wind farms, transformers, robots, and motors. Its software is designed to transform data into actionable insights through predictive analytics, helping businesses assess the risk of failure and determine the remaining lifespan of critical equipment. By enabling accurate and timely decision-making, OnePredict supports companies across diverse industries in enhancing operational efficiency and reliability.
Li-Cycle is a clean technology company specializing in the recycling of lithium-ion batteries. Founded in 2016 and based in Mississauga, Canada, the company employs an innovative process known as Li-Cycle Technology™ to recover 80 to 100% of materials from end-of-life batteries. This closed-loop resource recovery system not only ensures the safe and sustainable processing of battery waste but also addresses the increasing demand for critical materials essential for battery production. In addition to recycling, Li-Cycle provides various services, including logistics management and destruction, aimed at creating environmentally responsible solutions for battery disposal and resource recovery.
Greatpower Technology specializes in the development and manufacturing of key materials for power batteries, particularly focusing on nickel sulphate, which is essential for lithium-ion batteries used in electric vehicles. The company is committed to advancing research and development in new energy resources and technologies. In addition to nickel sulphate, Greatpower produces other battery materials, including ternary precursors and lithium battery cathode materials. This approach not only enhances battery recycling efforts but also contributes to the establishment of a sustainable ecosystem within the new energy power battery industry.
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