SEOUL, April 17 (Korea Bizwire) — LG CNS Co., an information technology affiliate of South Korea’s LG Electronics Inc., said Thursday it has signed agreements to develop electric vehicle (EV) charging infrastructure and smart city solutions in the United States. Under a deal with the New York City Economic Development Corporation, LG CNS will install [...]
JEJU, South Korea, April 9 (Korea Bizwire) — Jeju Special Self-Governing Province has become the first region in South Korea to commercialize products made from repurposed electric vehicle (EV) batteries, marking a significant step toward a circular energy economy. In partnership with the Ministry of Environment and Jeju Technopark (Jeju TP), the province officially launched a [...]
SEOUL, April 1 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it will acquire General Motors Co.’s entire stake in their joint venture (JV) battery plant in Michigan for 3 trillion won (US$2.04 billion). The planned acquisition of the Ultium Cells JV 3 plant in Lansing, Michigan, is [...]
SEOUL, March 31 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Monday it has begun supplying next-generation 46-series cylindrical batteries to a U.S. company. Samsung SDI produces 4695 batteries, measuring 46 millimeters in diameter and 95mm in height, at its domestic plant and assembles them into modules at its Vietnamese plant [...]
SEOUL, March 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Wednesday it has signed a five-year deal with a Taiwanese company to supply batteries for residential energy storage systems (ESSs) in the United States. LGES will provide Delta Electronics, Inc. with lithium iron phosphate (LFP) batteries for the [...]
SEOUL, March 25 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it has signed a deal to begin supplying batteries next year for energy storage systems (ESSs) to be built in Poland. LGES will supply lithium iron phosphate (LFP) batteries for the 1-gigawatt-hour (GWh) ESS facility set to [...]
SEOUL, March 19 (Korea Bizwire) — SK On has signed its first-ever battery supply contract with a Japanese automaker, securing a massive deal with Nissan valued at an estimated 15 trillion won (approximately $11 billion). In a regulatory filing on Tuesday, SK On announced that it will supply Nissan with 99.4 gigawatt-hours (GWh) of high-performance high-nickel [...]
DAEJEON, March 18 (Korea Bizwire) — Scientists at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel electrolyte solvent that could cut electric vehicle charging times in half while extending battery life, potentially marking a significant advancement in lithium-ion battery technology. The research team, led by professors Choi Nam-Soon and Hong Seungbum, created [...]
SEOUL, March 14 (Korea Bizwire) – Samsung SDI Co., South Korea’s major battery maker, said Friday it has signed a 437.4 billion-won (US$300.5 million) deal to supply energy storage solution (ESS) batteries to U.S. energy firm NextEra Energy Inc. The deal apparently is part of an ESS supply agreement the two companies reached in July, [...]
SEOUL, March 14 (Korea Bizwire) — Korean polar researchers have discovered a promising new material for lithium-sulfur battery development in an unexpected place: Antarctic waters. The Korea Polar Research Institute (KOPRI) announced on March 13 that a team of researchers had identified a key component for next-generation lithium-sulfur batteries from a red algae species found near [...]