SEOUL, March 9 (Korea Bizwire) — LG Energy Solution Ltd. said Thursday it will showcase electric vehicles made by Ford Motor Co. and Lucid Air that use its batteries at an upcoming battery show next week, among other exhibits on its new battery service businesses. Ford Mustang Mach-E crossover SUV, a popular Ford EV model [...]
SEOUL, March 9 (Korea Bizwire) – SK On Co. said Thursday it plans to unveil its first prismatic cell at an upcoming battery exhibition next week, along with a set of other latest products, in a move to diversify the portfolio to meet growing demand for a wider range of cell types. The prismatic cell mockup will [...]
SEOUL, March 7 (Korea Bizwire) – The Korean battery industry is making strides in developing lithium iron phosphate (LFP) batteries, with SK On Co. set to unveil a prototype at the Interbattery exhibition later this month and LG Energy Solution Ltd. (LGES) is also expanding its LFP battery product portfolio. SK On will be the [...]
SEOUL, March 5 (Korea Bizwire) — South Korean battery producer SK On Co. said Sunday U.S. Transportation Secretary Pete Buttigieg visited the construction site of its new production line in Kentucky earlier this week. Buttigieg visited the 6.28 million-square-meter site of the manufacturing campus, named BlueOval SK Battery Park, on Friday, and met officials to [...]
SEOUL, Feb. 26 (Korea Bizwire) — The rapid adoption of electric vehicles (EVs) in the United States is a boon unseen before for related industries, and SK Signet Inc. is at full throttle to seize on the momentum with its advanced charging technology, its CEO has said. The unit under South Korea’s energy-to-telecom conglomerate SK [...]
SEOUL, Feb. 24 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Friday it has signed a preliminary deal with a Chinese firm for the production of nickel in Indonesia. Under the deal with Chinese resource trading and mining firm Ningbo Liqin, POSCO will build a plant to produce 120,000 tons of mixed [...]
SEOUL, Feb. 22 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s top battery maker, said Wednesday it has signed a non-binding agreement with Ford Motor Co. and Turkey’s Koc Holding A.S. to push for a joint venture to build an electric vehicle (EV) battery plant in Turkey. The announcement came two weeks after [...]
SEOUL, Feb. 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Friday it has invested US$75 million to acquire a stake in U.S.-based Piedmont Lithium Inc. for a stable supply of the key material for electric vehicle batteries. With the equity investment, LG Chem owns about 6 percent of Piedmont common [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korean battery maker SK On said Wednesday it is looking into the suspended production of Ford Motor Co.’s electric pickup truck equipped with its battery. Ford Motor has suspended production and shipment of the all-electric F150 Lightning pickup since early last week to address a potential battery issue, [...]
SEOUL, Feb. 10 (Korea Bizwire) — SK On Co., the battery-making unit under South Korea’s SK Group, is struggling after missing the opportune timing for its initial public offering (IPO), and accumulating operating losses. Investor resistance to the listing of subsidiaries through physical division has become rampant since the listing of LG Energy Solution Ltd., [...]