SEOUL, March 9 (Korea Bizwire) — LG Energy Solution Ltd. said Thursday it will showcase electric vehicles made by Ford Motor Co. and Lucid Air that use its batteries at an upcoming battery show next week, among other exhibits on its new battery service businesses. Ford Mustang Mach-E crossover SUV, a popular Ford EV model [...]
SEOUL, March 9 (Korea Bizwire) – SK On Co. said Thursday it plans to unveil its first prismatic cell at an upcoming battery exhibition next week, along with a set of other latest products, in a move to diversify the portfolio to meet growing demand for a wider range of cell types. The prismatic cell mockup will [...]
SEOUL, March 9 (Korea Bizwire) — South Korean solar cell maker Hanwha Q Cells said Wednesday it has launched a service to predict the power output of renewable energy, making full strides into the distributed energy market. The renewable energy power output prediction system was introduced to ensure accurate predictions of highly volatile renewable energy [...]
SEOUL, March 7 (Korea Bizwire) — SK Inc. Materials Co., an advanced materials unit under South Korea’s SK Group, said Tuesday it is acquiring a U.S. company specializing in carbon capture, utilization and storage (CCUS), as it bolsters investment in clean energy. The board of SK Inc. approved the plan Monday to invest an additional [...]
SEOUL, March 7 (Korea Bizwire) – The Korean battery industry is making strides in developing lithium iron phosphate (LFP) batteries, with SK On Co. set to unveil a prototype at the Interbattery exhibition later this month and LG Energy Solution Ltd. (LGES) is also expanding its LFP battery product portfolio. SK On will be the [...]
SEOUL, March 5 (Korea Bizwire) — South Korean battery producer SK On Co. said Sunday U.S. Transportation Secretary Pete Buttigieg visited the construction site of its new production line in Kentucky earlier this week. Buttigieg visited the 6.28 million-square-meter site of the manufacturing campus, named BlueOval SK Battery Park, on Friday, and met officials to [...]
SEOUL, March 3 (Korea Bizwire) — South Korea will extend support for smaller hydrogen-specialized companies with a goal to raise the number of such firms to 600 by 2030 from the current 60 in line with growing demand for clean energy, the industry ministry said Friday. The government will revise a law by July to [...]
SEOUL, March 3 (Korea Bizwire) — South Korean builder SK Ecoplant Co. said Thursday it has secured an additional electronic waste and waste battery recycling base in the North American market through its overseas subsidiary. TES Envirocorp, a Singapore-based electronic waste management solution provider acquired by SK ecoplant last year, completed and started operating an [...]
SEOUL, March 1 (Korea Bizwire) — South Korea’s LG Energy Solution Ltd. (LGES) said Wednesday its joint venture with Honda Motor Co. has begun construction of a car battery plant in the United States with an aim to start production in late 2025. The 51:49 joint company, set up between LGES and Honda Motor in [...]
SEOUL, Feb. 28 (Korea Bizwire) — Lotte Chemical Corp., a South Korean chemical company, said Tuesday it has signed a preliminary deal with a U.S. ammonia producer to explore opportunities for clean ammonia production and its offtake into Korea. The memorandum of understanding with CF Industries Holdings Inc. calls for the two to assess the [...]