SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s leading electric vehicle (EV) battery maker, LG Energy Solution Ltd. (LGES), and defense-focused Hanwha Group said Monday they have joined hands to establish battery production facilities for the energy storage system (ESS) in the United States and develop batteries for air mobility and other future growth engines. [...]
GLENDALE, Jan. 14 (Korea Bizwire) — Rain had wetted much of the clay soil on the ground — rich terracotta earth colors — creating small and large puddles everywhere around a gigantic steel structure, densely embedded with millions of steel beams. Yet it was another busy Sunday for many of the 800 engineers and construction [...]
SEOUL, Jan. 13 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday its joint U.S. electric vehicle (EV) battery venture with Japan’s Honda Motor Co. has officially set sail, taking a step further in the advance into the American market. The launch of L-H Battery Co. Inc., the venture’s official name, came about five [...]
SEOUL, Jan. 11 (Korea Bizwire) — The Gwangju Institute of Science and Technology said Tuesday it has developed a new technology that can extend the driving distance of electric vehicles by enabling the realization of a high-performance lithium metal battery with higher energy storage capacity. The research team developed a new lithium battery with a [...]
SEOUL, Jan. 10 (Korea Bizwire) — LG Energy Solution Co., South Korea’s leading electric vehicle (EV) battery maker, said Tuesday it is “in talks” with Ford Motor Co. to build a battery plant in Turkey. The negotiation came as its local EV battery firm, SK On, said it is considering withdrawing a memorandum of understanding [...]
SEOUL, Jan. 9 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), a South Korean major secondary battery maker, on Monday reported a weaker-than-expected operating profit for the fourth quarter of last year, though its 2022 income surpassed the 1 trillion won (US$801.92 million) mark for the first time. Operating profit for the October-December period jumped [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korean battery maker SK On said Monday it is considering withdrawing an initial pact with Ford Motor Co. and their local partner Koc Holding A.S. to build a car battery plant in Turkey. In March last year, the three companies signed a memorandum of understanding (MOU) to produce [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) – SK Signet Inc., the producer of electric vehicle (EV) chargers under South Korea’s SK Group, said Friday it aims to double the annual sales this year from last year on the back of robust overseas demand and market expansion in the United States. Shin Jung-ho, CEO of SK Signet, [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — The U.S.-based battery plant run by South Korea’s SK On Co. is a possible site that can be considered for the mass production of all-solid-state batteries once they are ready for vehicle use, a U.S. battery developer said Thursday. “There is no gigafactory work happening currently, right now, we’re [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — SK On Co. is continuing to make best efforts for a turnaround in its battery business despite volatile market conditions, its co-chief said Thursday. Chey Jae-won, senior vice chairman of SK Group and a co-chief of its battery-making arm, made the remarks at CES 2023 taking place in Las [...]