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    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
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End-of-day quote Korea Stock Exchange  -  2022-06-29
516000.00 KRW   -2.64%
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LG Chem, Ltd. Develops Advanced Plastic Product to Prevent Thermal Runaway in EV Batteries

05/16/2022 | 01:00am EDT

LG Chem announced that it has developed a new plastic product for battery application that is capable of preventing the spread of flame in batteries, delivering the longest fire-resistance performance in the world. LG Chem’s flame-retardant engineering plastic product is able to prevent the spread of flames, thanks to the company’s proprietary technology and manufacturing methods. The new advanced flame barrier product created by LG Chem is a highly functional engineering plastic product made from various composites including polyphenylene oxide (PPO) and polyamide (PA) resin. When used in battery components, the new product is resistant to flames for a longer period of time due to its superior properties. It also features excellent dimensional stability and maintains its shape under changing temperature conditions. During LG Chem’s testing, the product was able to prevent the spread of flames caused by thermal propagation for over ten minutes at 1,000°C, 10 times longer than general plastics. Thermal runaway is the leading cause of EV battery fires, where various stressors can cause heat to build up within a battery cell. When a battery cell exceeds its temperature threshold, fire can occur due to a short circuit triggered by factors such as overcharging and over-discharging. The resulting fire is difficult to extinguish as lithium reacts violently with water. Application of LG Chem’s new engineering plastic product to battery components would benefit drivers and passengers, giving them more time to evacuate a vehicle in case of a damaged and overheating battery. Commercial production of the new product is on target to begin in 2023 aligned with customers’ demands and schedules. The company is currently in the process of obtaining patents in Korea, the United States and selected European markets.


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All news about LG CHEM, LTD.
02:45aLG Chem Renews Avacta License
DJ
01:01aTianqi Lithium Kicks Off Hong Kong IPO; Seeks $1.7 Billion from Secondary Listing
MT
06/29Lg Chem Signs Memorandum Of Understanding With Sampyo Cement And Hyundai Rotem To Estab..
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06/29S.Korean shares drop on recession worries; won falls most in 16 months
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06/28Tianqi Lithium Lands Deal to Supply Battery Raw Material to LG Chem
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06/27LG CHEM : Enjoy Golf with Sustainable Tees
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06/20LG Chem to Construct Hydrogen Plant in South Korea's Daesan
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06/19South Korea's LG Chem plans to build hydrogen plant to cut carbon emissions
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06/17South Korea-based LG Chem Spends $375 Million on Foreign Battery Separator Film Venture..
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06/16Shenzhen Senior Technology Signs $110 Million Battery Separator Supply Deal With Norway..
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Analyst Recommendations on LG CHEM, LTD.
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Financials
Sales 2022 49 538 B 38,2 B 38,2 B
Net income 2022 2 660 B 2,05 B 2,05 B
Net Debt 2022 6 506 B 5,02 B 5,02 B
P/E ratio 2022 14,6x
Yield 2022 2,11%
Capitalization 38 084 B 29 394 M 29 394 M
EV / Sales 2022 0,90x
EV / Sales 2023 0,82x
Nbr of Employees -
Free-Float 59,6%
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Technical analysis trends LG CHEM, LTD.
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Mean consensus BUY
Number of Analysts 28
Last Close Price 516 000,00 KRW
Average target price 787 571,43 KRW
Spread / Average Target 52,6%
EPS Revisions
Managers and Directors
Hak Cheol Shin Chairman & Chief Executive Officer
Okdong Son President
Dong-Seok Cha Chief Financial Officer & Director
Ki-Soo No CTO & President-Executive Board
Young-Ho An Independent Director
Sector and Competitors