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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 [...]

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 [...]