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SK Innovation to Borrow 800 bln Won for Battery Business

SK Innovation to Borrow 800 bln Won for Battery Business

SEOUL, Aug. 15 (Korea Bizwire) – SK Innovation Co., South Korea’s biggest refiner, said Thursday it will borrow 800 billion won (US$658 million) overseas by next year to invest in car battery and battery separator plants. SK Innovation has increased in the battery business as it sees a new growth driver for the country’s third-biggest [...]

S. Korean EV Battery Makers Set to Face Fierce Competition in Europe in 2025

S. Korean EV Battery Makers Set to Face Fierce Competition in Europe in 2025

SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) battery makers are expected to face fierce competition in Europe in the upcoming years as European companies are ramping up efforts to expand their clout in the fast-growing sector, a trade organization here said Wednesday. LG Chem Ltd., Samsung SDI Co., and SK Innovation [...]

S. Korea’s First EV Battery Recycling Plant to Open in Yeonggwang

S. Korea’s First EV Battery Recycling Plant to Open in Yeonggwang

YEONGGWANG, Jul. 29 (Korea Bizwire) — South Korea’s first electric vehicle (EV) battery recycling firm will be established in Yeonggwang Country, South Jeolla Province. County officials announced on Saturday that the construction project for the new recycling center recently began in the Daema Industrial Complex, a regulation-free zone for the e-mobility industry. The center will [...]

LG Chem to Build Battery Factory in Win-win Job-creation Model

LG Chem to Build Battery Factory in Win-win Job-creation Model

SEOUL, Jul. 25 (Korea Bizwire) — In yet another positive result for the government’s win-win job-creation drive, LG Chem Ltd., South Korea’s largest chemical company by sales, announced a plan Thursday to invest 500 billion won (US$423 million) to build a new cathode material production plant in Gumi, North Gyeongsang Province. The firm signed a [...]

Jeju Announces Opening of EV Battery Recycling Center

Jeju Announces Opening of EV Battery Recycling Center

JEJU, Jun. 25 (Korea Bizwire) — A new facility recently established on Jeju Island will recycle used batteries from electric vehicles (EVs). Jeju provincial government announced that an opening ceremony for the ‘Industrial Center for Electric Car Batteries’ will be held on Wednesday at Jeju Science Park. The center will be equipped with various facilities [...]

Technology for Compact, Safe Batteries for EVs Developed

Technology for Compact, Safe Batteries for EVs Developed

SEOUL, Jun. 17 (Korea Bizwire) — A South Korean research institute said Monday that it has developed a technology to make solid-state batteries that are very compact and safe for use in next generation electric cars and energy storage systems (ESSs). The all-solid battery replaces the liquid electrolyte found between the positive and negative poles [...]