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Samsung SDI Spends Record High of Over 810 bln Won in Battery R&D in 2020

Samsung SDI Spends Record High of Over 810 bln Won in Battery R&D in 2020

SEOUL, March 9 (Korea Bizwire) — Samsung SDI Co., South Korea’s No. 2 battery maker, said Tuesday it spent a record high of 808.3 billion won (US$703.2 million) in research and development activities last year to develop advanced battery technologies. Samsung SDI’s R&D spending accounted for 7.2 percent of its 2020 sales, according to its [...]

ITC Backs LG Energy in Trade Secret Dispute, Issues 10-year Import Ban on SK

ITC Backs LG Energy in Trade Secret Dispute, Issues 10-year Import Ban on SK

WASHINGTON/SEOUL, Feb. 10 (Korea Bizwire) — A U.S. trade panel on Wednesday ruled in favor of South Korean battery maker LG Energy Solution Ltd. in a trade secret case and issued a 10-year import ban on some lithium-ion battery products by SK Innovation Co. The U.S. International Trade Commission (ITC) affirmed a preliminary ruling delivered [...]

S. Korea to Develop Technology for Recycling Used Batteries

S. Korea to Develop Technology for Recycling Used Batteries

SEOUL, Jan. 19 (Korea Bizwire) — The government plans to develop appliances that can recycle used batteries. The Ministry of Trade, Industry and Energy announced Monday that it will invest 13 billion won (US$11.7 million) to develop technology for recycling used batteries by 2024. Batteries used for electric vehicles (EVs) and other appliances will become [...]

Lithium Werks Power Cell Manufacturing Continues to Grow

Lithium Werks Power Cell Manufacturing Continues to Grow

AUSTIN, Texas and ENSCHEDE, The Netherlands, Nov. 19 (Korea Bizwire) — Though 2020 has brought many unprecedented challenges to all businesses around the world, Lithium Werks continues to manufacture the Best in Class patented Lithium Iron Nanophosphate™ Power cells for the most demanding markets. Our 26650 Nanophosphate™ cells are used as single cells, as well as to [...]

S. Korean Batteries, Solar Panels Rally After Biden Victory

S. Korean Batteries, Solar Panels Rally After Biden Victory

SEOUL, Nov. 9 (Korea Bizwire) — Shares of South Korean battery makers and renewable energy suppliers got a fresh boost Monday as investors bet on Joe Biden’s win in the U.S. presidential election with clean energy pledges. Biden’s green energy plan includes significant investments in charging infrastructure for electric vehicles (EVs) and updating government vehicle [...]