LG Energy Solution said it will invest more than $4.5 billion in its United States battery production by 2025 as automakers ramp up production of electric vehicles.
The Korean company, which has a joint venture with U.S. automaker General Motors, said the investment will help create 10,000 jobs, including subcontractors.
GM and LG are currently building a $2.3 billion battery factory in Lordstown, Ohio, near Cleveland, that will employ about 1,000 people when it is completed in 2022. The site is fairly close to GM’s two other designated electric vehicle plants, one in Detroit and the other north of the city in Orion Township, Michigan. The companies hope to have a decision on a second site in the first half of the year.
General Motors has changed its corporate logo and launched an electric vehicle marketing campaign to reshape its image as clean vehicle company, rather than a builder of gas-powered pickups and SUVs. The 112-year-old Detroit automaker has promised to roll out 30 new battery-powered vehicles globally by the end of 2025 and said Friday that the new campaign will highlight its progressive vision for the future.
GM is likely to need far more battery capacity if it’s able to deliver on a goal of converting all of its new passenger vehicles from internal combustion engines to electricity by 2035. The consulting firm LMC Automotive predicted that U.S. battery powered vehicle sales will hit over one million per year starting in 2023, reaching over four million by 2030.
Industry analysts have said that automakers face a global shortage of batteries as the industry moves away from gasoline powered vehicles. Most of the world’s batteries are built in China and other countries.
LG’s investment also comes as the President Joe Biden’s administration has laid out its plans to tackle climate change, which will likely include taking on the oil and gas industry.
Chief Executive Officer of LG Energy Solution Jong Hyun Kim said: “The goals of the U.S. president and automakers will be a propelling factor in the growth of the country’s electric vehicle and energy storage systems markets. LG Energy Solution is dedicated to expanding its battery production capacity and structuring a stable, localised supply chain that provides everything from R&D to production.”
LG also makes batteries for Chevy’s electric Bolt.
Over 8,000 Nigerian Doctors Now Work In UK, 353 Registered In The Last 100-Day
The United Kingdom (UK) registered about 353 Nigerian doctors in the last 100 days, according to data from the General Medical Council – the body which licenses and maintains the official register of medical practitioners in the UK.
The GMC licensed at least 353 Nigerian-trained doctors between June 10, 2021, and September 20, 2021.
The statistics also showed that between July 24, 2020, and September 21, 2021, about 862 Nigeria-trained doctors were licensed in the UK despite the COVID-19 pandemic.
The data also showed that 8,737 doctors who obtained their degrees in Nigeria currently practice in the UK.
Officials of the National Association of Resident Doctors are speculating that the rate of migration might double in the coming weeks since doctors were not given the right remuneration.
They said that many Nigerian doctors are migrating to Saudi Arabia, which might be more than those moving to the UK.
A poll by NOI in 2018 showed that 88 percent of Nigerian doctors were considering work opportunities abroad, but experts say the figure may be higher due to the rising insecurity and economic crunch.
Elections in Africa Must Follow Democratic Process – Osinbajo
Africans must continue to make the extra effort in ensuring that elections in the continent go through the democratic process, remain transparent and fair, according to Vice President Yemi Osinbajo, SAN.
He said this yesterday while receiving the President-elect of Sao Tome and Principe, Mr. Carlos Manuel Vila Nova who paid him a courtesy visit at the Presidential Villa.
On the 18th of July, 2021, elections were held in Sao Tome to replace President Evaristo Carvalho, whose tenure expired on 3rd September, 2021. Based on constitutional provisions, an outright winner did not emerge from the polls and a run-off led to the emergence of Mr. Vila Nova, who would be sworn in 2nd October, 2021.
According to Prof Osinbajo “there is no question at all that for those of us in Africa, we must make the extra effort to ensure that the democratic process is very transparent. It is such a pleasure to see that that was what took place in your country which led to your election.”
Speaking about areas of cooperation between both countries, the Vice President said, “we already talked about some of the areas of cooperation…your tenure might be an opportunity to bring some of those things to fruition.”
Prof Osinbajo reassured Mr. Manuel Vila Nova of Nigeria’s support to ensure that “your tenure is as comfortable and effective as possible as partners and friends.”
In his own remarks, President-elect Vila Nova expressed appreciation to President Muhammadu Buhari for supporting Sao Tome and also thanked the Vice President for his attention, stating that Nigeria is a “friendly country” and the relationship between both countries dates back many years.
In attendance at the meeting were the Minister of State for Foreign Affairs, Ambassador Zubairu Dada, and a member of the Sao Tome and Principe’s cabinet, Mr. Americo de Oliveira Ramos.
Ethiopian Airline To Resume Flight To Enugu Oct. 1st
The Ethiopian Airline said on Sunday it would resume flights to Enugu as from Oct. 1, two years after it suspended flight to the South-Eastern state.
The airline’s General Manager, Shimeles Arage, who confirmed the proposed resumption in a statement issued in Lagos on Sunday, said that every week there would be a flight on Wednesday, Friday and Saturday, with B787 Dreamliner.
“Oct. 1 is Nigeria’s Independence Day and the flight to Enugu on that day will reinforce Ethiopian Airline good relations with Nigeria since the first flight to Nigeria in 1960,” he said.
Arage recalled that the airline stopped flights to Enugu in 2019 when the Nigerian aviation authorities closed the airport to refurbish the runway.
He said before the closure of the airport for runway repairs, Ethiopian was the only international airline flying to Enugu.
The airport was officially re-opened to domestic flights in 2020 and to international flights in Aug. 2021.
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