SEOUL, Nov. 16 (Korea Bizwire) — SK Signet Inc., a South Korean manufacturer of electric vehicle chargers, said Wednesday it plans to build an electric vehicle (EV) charger-manufacturing plant in the U.S. with an aim to start operations in the second half of next year. SK Signet, a unit under the country’s No. 2 conglomerate [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Friday it has signed a binding agreement with a U.S. minerals provider for a long-term supply of a key lithium product used in electric vehicle (EV) lithium-ion batteries. The offtake agreement with Compass Minerals Inc. is for 40 percent of [...]
SEOUL, Nov. 6 (Korea Bizwire) — SK On, a South Korean car battery maker, said Sunday it has signed a deal to purchase lithium from Chilean firm SQM in its import diversification strategy. Under the deal, SQM will supply a total of 57,000 tons of lithium to SK On for five years starting 2023. The [...]
SEOUL, Oct. 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), a major secondary battery maker, said Wednesday it shifted to the black in the third quarter from a year earlier on the back of robust demand in electric vehicle (EV) batteries and a weaker Korean won currency. LGES said it will continue its focus [...]
SEOUL, Oct. 26 (Korea Bizwire) — Samsung SDI Co. said Wednesday it posted record high profit and sales in the third quarter on the back of strong demand for secondary batteries used in electric vehicles (EVs). Operating profit reached 565.9 billion won (US$396 million) in the July-September period, up 51.5 percent from 373.5 billion won [...]
SEOUL, Oct. 21 (Korea Bizwire) — EcoPro BM Co., a South Korean cathode producer, said Friday it has completed the construction of a new production plant that has the world’s largest output capacity. The new CAM7 plant in Pohang, about 370 kilometers southeast of Seoul, was built by its joint venture company formed with battery [...]
DAEJEON, Oct. 21 (Korea Bizwire) — A South Korean research lab said Thursday it has developed a new additive to improve the flame resistance of rechargeable batteries. The Electronics and Telecommunications Research Institute announced that the newly-developed fluorosulfuric acid-based flame resistance additive features superior flame resistance and safety compared to existing triphenyl phosphate (TPP) flame [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Thursday it has signed a non-binding supply agreement with an Australian partner for a key mineral used in lithium-ion batteries. Under the memorandum of understanding with Syrah Resources Ltd., the Australian company will provide 2,000 tons of natural graphite [...]
SEOUL, Oct. 12 (Korea Bizwire) — The Korean Agency for Technology and Standards has announced that the amendment of the Electrical Appliances and Consumer Products Safety Control Act, which includes the legal basis for the reuse of retired electric vehicle (EV) batteries, passed at a Cabinet meeting on Tuesday. The new legislation, which enters effect [...]
JEONGEUP, Oct. 12 (Korea Bizwire) — Thin layers of orange-red copper films were instantly coated on the surfaces of large titanium drums rolling slowly in electrically charged water tanks in the fifth factory of SK Nexilis Co. The process, called electroplating, is a critical part determining the quality of the copper foil, a core component [...]