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S. Korean Battery Makers to Post Mixed Q2 Results amid Higher Raw Materials Costs, Auto Chip Issue

S. Korean Battery Makers to Post Mixed Q2 Results amid Higher Raw Materials Costs, Auto Chip Issue

SEOUL, July 5 (Korea Bizwire) — South Korean battery makers are expected to show mixed quarterly results in the second quarter, with Samsung SDI Co. likely to be the only one with profit growth, as rising raw materials costs and auto chip shortages continue to weigh down on their profitability. Samsung SDI is estimated to [...]

S. Korean Battery Makers Beef Up Investment Despite Cost Burden from Raw Material Prices

S. Korean Battery Makers Beef Up Investment Despite Cost Burden from Raw Material Prices

SEOUL, May 24 (Korea Bizwire) — South Korea’s battery makers are aggressively expanding on research and development and facility investments despite a cost burden arising from a surge in the prices of raw materials. According to LG Energy Solution Ltd. (LGES)’s quarterly report, its cathode material purchase price averaged US$34 per kilogram in the first [...]

Samsung SDI on Lookout as Rivals Begin Race for Oversea Production Facilities

Samsung SDI on Lookout as Rivals Begin Race for Oversea Production Facilities

SEOUL, March 29 (Korea Bizwire) — South Korean battery makers LG Energy Solution Ltd. and SK On Co. are stepping up to expand production facilities overseas. Samsung SDI, on the other hand, is still on a cautious lookout. Unlike the other two companies, Samsung SDI Co. has yet to unveil its current production capabilities and [...]

S. Korean Battery Makers Tout Latest Technologies, Future Visions at Seoul Exhibition

S. Korean Battery Makers Tout Latest Technologies, Future Visions at Seoul Exhibition

SEOUL, March 17 (Korea Bizwire) — Major South Korean battery makers are showcasing their latest technologies and visions for future growth during an international battery exhibition in Seoul this week, the companies said Thursday. SK On Co., LG Energy Solution Ltd. and Samsung SDI Co. were among some 250 battery and battery parts manufacturers and [...]

Battery Makers Scramble to Recycle Old EV Batteries

Battery Makers Scramble to Recycle Old EV Batteries

SEOUL, Dec. 20 (Korea Bizwire) — South Korean battery makers are jumping into recycling electric vehicle (EV) batteries as the prices of the metals used in the batteries are on the rise. LG Chem Ltd., South Korea’s largest chemical company, and its subsidiary LG Energy Solution Ltd. recently invested a combined 60 billion won (US$50 [...]

Battery Makers Estimated to Have Posted Tepid Earnings in Q3

Battery Makers Estimated to Have Posted Tepid Earnings in Q3

SEOUL, Oct. 3 (Korea Bizwire) — South Korean battery makers are estimated to have logged weaker-than-expected earnings in the third quarter amid a global shortage of automotive chips and recall of electric cars for battery fire risks, analysts said Sunday. Samsung SDI Co., the battery-making unit of Samsung Electronics Co., is believed to have posted [...]