SEOUL, Jan. 30 (Korea Bizwire) — POSCO Chemical Co. said Monday it has signed a largest-ever long-term contract to supply a key component used in electric vehicle (EV) battery cells to Samsung SDI Co. POSCO Chemical will supply high-nickel cathodes, consisting of lithium, nickel, cobalt and aluminum, to Samsung SDI, for a 10-year period starting [...]
SEOUL, Jan. 30 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Monday it has extended its partnership with Philip Morris International Inc. (PMI) to strengthen its presence in global e-cigarette markets. KT&G and PMI have signed a 15-year supply contract, in which the former will distribute its e-cigarette product line Iil through [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK E&S Co., an energy unit of SK Group, said Sunday its U.S. affiliate has launched an electric vehicle (EV) charging station at an airport in Texas under ties with a major U.S. car rental firm. EverCharge Inc., a California-based charging solution provider acquired by SK E&S in March [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korean battery maker SK On Co. said Thursday it has joined hands with a U.S. company to jointly develop natural graphite anode materials used in electric vehicle (EV) batteries, in the latest move to diversify the supply of key battery components. Under the joint development agreement recently signed [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s leading electric vehicle (EV) battery maker, LG Energy Solution Ltd. (LGES), and defense-focused Hanwha Group said Monday they have joined hands to establish battery production facilities for the energy storage system (ESS) in the United States and develop batteries for air mobility and other future growth engines. [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s SK Group said Monday it has signed a partnership deal with the sovereign wealth fund of the United Arab Emirates (UAE) to establish a carbon credit market in Asia, as part of efforts to tackle climate change in the private sector. SK Group Chairman Chey Tae-won signed [...]
SEOUL, Jan. 13 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday its joint U.S. electric vehicle (EV) battery venture with Japan’s Honda Motor Co. has officially set sail, taking a step further in the advance into the American market. The launch of L-H Battery Co. Inc., the venture’s official name, came about five [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — SK Geocentric Co., a South Korean chemical company, said Sunday it has signed a contract with a British firm to build a plastic pyrolysis plant in South Korea, taking a step closer to establishing what will be the world’s first plastic recycling cluster in two years. Under the agreement, [...]
SEOUL, Dec. 27 (Korea Bizwire) — LG Electronics Inc. has teamed up with a local firm to develop smart home appliances that utilize sleep analytics technology. The home appliance maker said Monday it has signed a memorandum of understanding with Asleep, a sleep tracking software startup, to work together in the field of sleep technology. [...]
SEOUL, Dec. 26 (Korea Bizwire) — SK Energy Co., South Korea’s leading oil refinery and gas station operator, is teaming up with internet portal giant Naver Corp. to convert gas stations into urban logistics bases armed with state-of-the-art technology. The two companies recently signed a business agreement to promote cooperation in developing and establishing logistics [...]