LG Energy Solution has announced the signing of a Memorandum of Understanding (MoU) with Doosan Bobcat to develop battery pack solutions for compact construction equipment, with the aim of accelerating electrification in this sector.
Through this agreement, the two companies will jointly develop standardized battery pack solutions that can be applied to various construction equipment products, such as skid-steer loaders and excavators, while working together to succeed in major markets such as North America. Both companies will also actively explore new opportunities to extend this partnership to the electrification of other applications, including grounds maintenance equipment like tractors.
Additionally, the partners plan to apply LG Energy Solution’s cylindrical batteries to Doosan Bobcat’s flagship construction equipment models.
The major driving force behind this collaboration was LG Energy Solution’s outstanding technological leadership. Since construction equipment often operates in challenging outdoor environments, sometimes exposed to snow, rain, dust, heat waves and extreme temperatures, products must boast exceptional durability and stability in extreme conditions over long periods of time. LG Energy Solution’s cylindrical batteries deliver high voltage, energy density, and longevity, exhibiting excellent performance and durability in low temperatures.
Doosan Bobcat, a global leader in construction equipment, has been actively pursuing the electrification of its products. Following the establishment of its own dedicated electrification organization in January, it now plans to create an R&D center in Anyang, Gyeonggi Province in the second half of the year to conduct electrification research and verify battery pack production technology.
Yooseong Oh, Senior Vice President and Head of LG Energy Solution’s Mobility & IT Battery Division, expressed excitement about collaborating with Doosan Bobcat to develop electrification technologies and expand their business in the sector, emphasizing the company’s commitment to leading industry electrification efforts.
Hyunchul (Charlie) Park, CSO and Executive Vice President of Doosan Bobcat, highlighted the significance of the MoU, noting the development of standardized battery packs for compact construction equipment using LG Energy Solution’s high-quality, stable cells, and targeting key markets like North America.
As with its partnership with Doosan Bobcat, LG Energy Solution is actively expanding into non-EV areas in pursuit of a balanced portfolio, a vision it announced last October. The company will seek to establish sustainable battery ecosystem in new territories, particularly the new mobility industries such as Urban Air Mobility (UAM) and vessels.
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