SEOUL, April 5 (Korea Bizwire) — POSCO Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Monday it will provide a key material for Ultium Cells’ rechargeable batteries for electric vehicles (EVs). POSCO Chemical said it will supply anodes, one part of lithium-ion batteries used in EVs, to Ultium Cells, a battery [...]
SEOUL, April 4 (Korea Bizwire) — South Korean shipbuilders clinched orders in the first quarter worth ten times more than the total orders logged for 2020, as the shipyard industry is recovering from the fallout of the pandemic, data showed Sunday. Korean shipbuilders led by Hyundai Heavy Industries Co. won new orders for 126 ships [...]
SEOUL, April 1 (Korea Bizwire) — The U.S. International Trade Commission (ITC) on Thursday made a preliminary ruling in favor of South Korea’s No. 2 battery maker SK Innovation Co. in a patent suit with its local rival LG Energy Solution Ltd., the latest twist in the bitter dispute between the two Korean battery makers. [...]
SEOUL, March 31 (Korea Bizwire) – South Korean shipbuilders led by Hyundai Heavy Industries Co., which have been struggling with a drought of demand amid the pandemic, scooped up major deals in the first quarter of the year, boding well for their achievements of this year’s annual order targets. Korea Shipbuilding & Offshore Engineering Co. [...]
SEOUL, March 30 (Korea Bizwire) — An U.S. research institute has recognized SK Innovation Co.’s newly developed battery recycling technology as ‘eco-friendly’. The South Korean EV battery maker reported that Argonne National Laboratory, a U.S. Department of Energy multidisciplinary science and engineering research center, made an assessment via its Battery Lifecycle Analysis that the company’s [...]
SEOUL, March 29 (Korea Bizwire) — SK IE Technology Co. (SKIET), an affiliate of South Korean EV battery producer SK Innovation Co., has decided to make a large investment to preempt the fledgling market for lithium-ion battery separators. The company decided to invest an unprecedented 1.13 trillion won (US$997 million) to build its third and [...]
SEOUL, March 29 (Korea Bizwire) — Shares in South Korea’s shipbuilders and shippers have enjoyed decent increases in the past weeks, but this time, they are again on a rising track on expectations for a further climb in freight rates and demand for ships amid the unprecedented blockage at the Suez Canal. HMM Co., South [...]
SEOUL, March 28 (Korea Bizwire) — The South Korean construction equipment maker Doosan Infracore Co. said Sunday it has launched its 100-ton excavators, the biggest in its lineup in the global market, and won orders for them from Mongolia and Chile. Doosan Infracore bagged an order for one 100-ton excavator from a Chilean company, with [...]
SEOUL, March 26 (Korea Bizwire) — SK Innovation Co. won’t accept LG Energy Solution Ltd.’s excessive demand to settle its battery lawsuit in the United States and will continue to make efforts to resolve legal issues, a senior company official said Friday. The refinery-and-battery unit of SK Group expressed regret over the U.S. International Trade [...]
SEOUL, March 25 (Korea Bizwire) — Hyundai Heavy Industries Group said Thursday that it will nurture hydrogen-related business as its new growth engine amid tightened environmental regulations and rising demand for eco-friendly fuels. Under the plan, the shipbuilding group will establish a new unit that handles the production of hydrogen and the use of it [...]