SEOUL, Jan. 4 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers saw their global market share sink in the first 11 months of 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed Wednesday. The trio — LG Energy Solution Ltd., SK Innovation Co. and Samsung SDI Co. [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday it will present its high-nickel battery lineups and a next-generation solid state battery jointly being developed with a U.S. partner at a tech show in the United States next week. SK On said it will unveil the Super Fast Battery, [...]
SEOUL, Dec. 21 (Korea Bizwire) — Major South Korean chemical firm LG Chem Ltd. said Wednesday it is buying a stake in a local battery recycling startup for a joint venture in North America, accelerating efforts to secure key components for electric vehicle batteries. LG Chem signed the agreement Tuesday with JaeYoung Tech Ltd. to [...]
SEOUL, Dec. 21 (Korea Bizwire) — With South Korea mired in an extended cold snap, drivers of electric vehicles (EVs) are becoming increasingly concerned about the effects of cold weather on battery performance. The harsh conditions lead to a decline in the driving range for EVs, causing anxiety for those who rely on their vehicles [...]
SEOUL, Dec. 20 (Korea Bizwire) — SK Innovation Co. said Tuesday it will showcase products and technologies featuring its green innovation in secondary batteries, plastic waste recycling and other advanced components at a U.S. tech show next month. The energy unit of South Korea’s SK Group is among the eight SK affiliates that will be [...]
SEOUL, Dec. 19 (Korea Bizwire) — LG Energy Solution Ltd. said Monday it will spend 4 trillion won (US$3.07 billion) over the next five years to expand production and other facilities at its main domestic battery manufacturing complex in the country’s central region. The investment in the Ochang plant, located in Cheongju, North Chungcheong Province, [...]
SEOUL, Dec. 18 (Korea Bizwire) — The heads of South Korea’s biggest conglomerate Samsung Group and German carmaker BMW Group discussed ways to strengthen their battery business partnership, Samsung said Sunday. Samsung Group’s de facto leader Lee Jae-yong met with BMW Group Chief Executive Oliver Zipse at the BMW Driving Center in Incheon, just west [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korea has the highest foreign dependency among its rival countries for the supply of critical minerals for secondary batteries, with China accounting for the majority of the imports, a report said Thursday. South Korea topped Japan, China and Germany with the highest ratio of 77.1 percent in the [...]
SEOUL, Dec. 13 (Korea Bizwire) — LG Energy Solution Ltd. said Tuesday its joint venture with U.S. General Motors Co. has secured US$2.5 billion through a loan program approved by the U.S. government, funding that will help finance the construction of three electric vehicle battery plants in America. The U.S. Department of Energy (DOE) finalized [...]
SEOUL, Dec. 9 (Korea Bizwire) — Hyundai Motor Group and SK On Co. will build an electric vehicle battery manufacturing facility near Atlanta in the U.S. state of Georgia, the state government has announced, after the two South Korean companies unveiled a plan to join hands on EV battery supply. The two companies will establish [...]