SEOUL, Oct. 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), a major secondary battery maker, said Wednesday it shifted to the black in the third quarter from a year earlier on the back of robust demand in electric vehicle (EV) batteries and a weaker Korean won currency. LGES said it will continue its focus [...]
SEOUL, Oct. 26 (Korea Bizwire) — Samsung SDI Co. said Wednesday it posted record high profit and sales in the third quarter on the back of strong demand for secondary batteries used in electric vehicles (EVs). Operating profit reached 565.9 billion won (US$396 million) in the July-September period, up 51.5 percent from 373.5 billion won [...]
SEOUL, Oct. 21 (Korea Bizwire) — EcoPro BM Co., a South Korean cathode producer, said Friday it has completed the construction of a new production plant that has the world’s largest output capacity. The new CAM7 plant in Pohang, about 370 kilometers southeast of Seoul, was built by its joint venture company formed with battery [...]
DAEJEON, Oct. 21 (Korea Bizwire) — A South Korean research lab said Thursday it has developed a new additive to improve the flame resistance of rechargeable batteries. The Electronics and Telecommunications Research Institute announced that the newly-developed fluorosulfuric acid-based flame resistance additive features superior flame resistance and safety compared to existing triphenyl phosphate (TPP) flame [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Thursday it has signed a non-binding supply agreement with an Australian partner for a key mineral used in lithium-ion batteries. Under the memorandum of understanding with Syrah Resources Ltd., the Australian company will provide 2,000 tons of natural graphite [...]
SEOUL, Oct. 12 (Korea Bizwire) — The Korean Agency for Technology and Standards has announced that the amendment of the Electrical Appliances and Consumer Products Safety Control Act, which includes the legal basis for the reuse of retired electric vehicle (EV) batteries, passed at a Cabinet meeting on Tuesday. The new legislation, which enters effect [...]
JEONGEUP, Oct. 12 (Korea Bizwire) — Thin layers of orange-red copper films were instantly coated on the surfaces of large titanium drums rolling slowly in electrically charged water tanks in the fifth factory of SK Nexilis Co. The process, called electroplating, is a critical part determining the quality of the copper foil, a core component [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korean battery maker SK On Co. said Wednesday it has signed a long-term supply agreement for high-purity lithium with an Australian resources developer. Under the agreement signed with Lake Resources on Tuesday, SK On will be provided with 230,000 tons of lithium, a key raw material used in [...]
SEOUL, Oct. 12 (Korea Bizwire) – Chinese firms turned out to have a hefty stake in domestic solar power companies in the Saemangeum reclaimed land on the southwest coast, a renewable energy center for South Korea, a lawmaker said Tuesday. According to the data obtained by Rep. Park Soo-young of the People Power Party from [...]
SEOUL, Oct. 7 (Korea Bizwire) — LG Energy Solution Ltd., South Korea’s top battery maker, said Friday it racked up a turnaround in the third-quarter of the year from a year earlier on the back of the weakness of the Korean currency against the U.S. dollar and robust sales. Its operating profit reached 522 billion [...]