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 [...]
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 [...]