SEOUL, Jan. 25 (Korea Bizwire) — LG Energy Solution (LGES), South Korea’s leading manufacturer of lithium-ion batteries, said Thursday it will make an equity investment in U.S. startup Sion Power for next-generation battery development. The investment is for technology partnership in developing lithium metal batteries, which use a lithium metal anode instead of a graphite [...]
SEOUL, Jan. 17 (Korea Bizwire) — SK On, the battery unit of chip-to-construction conglomerate SK Group, said Wednesday it has partnered with U.S. battery startup Solid Power to jointly develop solid-state batteries. SK On signed an agreement with Solid Power for solid-state battery technology transfers from the U.S. company during this year’s Consumer Electronics Show [...]
LAS VEGAS, Jan. 15 (Korea Bizwire) — In Las Vegas, Nevada, a 3,700-square-meter facility of Singapore-based IT lifecycle solution company TES houses stacks of used electronic devices, including data center servers, hard disk drives, laptops and smartphones. About a 30-minute drive from the city’s luxurious strip of hotels, casinos and restaurants, this facility plays a [...]
SEOUL, Jan. 13 (Korea Bizwire) – LG Electronics Inc. said Saturday that it has opened its first plant in the U.S. for electric vehicle (EV) charging stations, as part of its strategy to advance into the fast-growing EV charging solutions business. The factory based in Fort Worth, Texas, has an annual capacity of over 10,000 [...]
SEJONG, Jan. 11 (Korea Bizwire) – South Korea’s trade commission said Thursday it will launch a probe into alleged patent infringement involving a China-made smartphone battery and battery material. The Korea Trade Commission (KTC) said it plans to look into whether the patent by LG Chem Ltd.’s cathode material utilized in battery production, known as [...]
JEJU, Dec. 19 (Korea Bizwire) – Known as the ‘Island of Electric Vehicles,’ South Korea’s Jeju Island is set to pilot a new project aimed at recycling used electric vehicle (EV) batteries. The Ministry of Environment, Jeju Special Self-Governing Province, and SF ECO Co., Ltd. announced that they would be signing a memorandum of understanding on [...]
SEOUL, Dec. 8 (Korea Bizwire) — LG Energy Solution (LGES), South Korea’s leading battery maker, said Friday it will supply battery cells to a Polish battery pack company in a three-year deal. LGES has signed the deal to begin supplying 200,000 nickel cobalt manganese (NCM) battery modules to Impact Clean Power Technology (ICPT) in 2024 [...]
SEOUL, Dec. 6 (Korea Bizwire) — POSCO Future M Co. said Wednesday it has started mass production of single-crystal cathodes at its Pohang plant for supply to Ultium Cells LLC, a South Korea-U.S. battery joint venture. The battery materials unit of steel maker POSCO said it has started mass production of NCMA (nickel-cobalt-manganese-aluminum) single-crystal cathodes, [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean steel titan POSCO Group completed its first domestic lithium hydroxide factory on the country’s south coast Wednesday in a bid to bolster its battery business, the group said. The plant, located in an industrial complex in Suncheon, about 290 kilometers south of Seoul, can turn out 21,500 [...]
SEOUL, Nov. 20 (Korea Bizwire) – South Korea’s battery industry is intensifying efforts to establish a systematic foundation to dominate the rapidly growing second-life battery market, driven by the widespread adoption of electric vehicles. The second-life battery industry represents a futuristic and economically valuable sector. It also has the potential to contribute to waste reduction and [...]