SEOUL, July 14 (Korea Bizwire) — SK On Co.’s electric vehicle (EV) battery joint venture with Ford Motor Co. in the United States has formally set sail, the South Korean battery maker said Thursday, paving the way for SK’s new battery unit to accelerate its overseas push amid burgeoning EV demand. The official launch of [...]
SEOUL, July 8 (Korea Bizwire) — SKC Co., a chemical unit of South Korea’s No. 2 conglomerate, SK Group, has begun the construction of a battery copper foil factory in Poland, in what will be its largest such production facility as it bolsters the electric vehicle (EV) battery component business. SKC and its wholly owned [...]
SEOUL, July 5 (Korea Bizwire) — South Korean battery makers are expected to show mixed quarterly results in the second quarter, with Samsung SDI Co. likely to be the only one with profit growth, as rising raw materials costs and auto chip shortages continue to weigh down on their profitability. Samsung SDI is estimated to [...]
SEOUL, July 3 (Korea Bizwire) — LG Energy Solution said Sunday its CEO Kwon Young-soo has left for Europe to check on its battery plant in Poland and meet with key partners there as the battery maker is striving to broaden its electric vehicle battery business. During the five-day trip, Kwon is scheduled to visit [...]