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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 [...]

S. Korea Accounts for One-third of Global EV Battery Market in Jan.-Aug. Period

S. Korea Accounts for One-third of Global EV Battery Market in Jan.-Aug. Period

SEOUL, Sept. 29 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers accounted for about a third of the global market in the first eight months of the year, but they are facing toughening competition with Chinese rivals, a market research firm said Thursday. The trio — LG Energy Solution Ltd., Samsung SDI [...]

Korean Battery Makers Rally After Battery Dispute Settlement

Korean Battery Makers Rally After Battery Dispute Settlement

SEOUL, April 12 (Korea Bizwire) — Shares of two Korean battery makers spiked Monday as they ended a two-year legal dispute over electric vehicle (EV) battery technology, which cleared uncertainty over their businesses. On Sunday, LG Chem-owned LG Energy Solution Ltd. and SK Innovation Co. reached a last-minute settlement in a bitter U.S. trade dispute, [...]

S. Korean Battery Makers Stung by Volkwagen’s Battery Plan

S. Korean Battery Makers Stung by Volkwagen’s Battery Plan

SEOUL, March 16 (Korea Bizwire) — Shares in South Korean battery makers plunged Tuesday after Volkswagen announced plans to produce its own batteries and gradually switch the type of battery used in its electric vehicles. The German carmaker said Monday it will build six battery factories in Europe to have a total capacity of 240 [...]

S. Korean Battery Makers Face Uncertainty over Safety Issues, Lawsuit

S. Korean Battery Makers Face Uncertainty over Safety Issues, Lawsuit

SEOUL, Feb. 25 (Korea Bizwire) — South Korean battery makers are facing uncertainty over their businesses on safety issues and legal disputes amid an intensifying competition for the booming market as automakers rush to go all electric. Three manufacturers — LG Energy Solution Ltd., Samsung SDI Co. and SK Innovation Co. — are well-positioned suppliers [...]

S. Korea Accounts for 34.7 pct of Global EV Battery Market in 2020

S. Korea Accounts for 34.7 pct of Global EV Battery Market in 2020

SEOUL, Feb. 1 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers accounted for over a third of the global market last year underscoring their increased presence in the fast-growing sector, a market research firm said Monday. The three — LG Energy Solution Ltd., Samsung SDI Co. and SK Innovation Co. — supplied [...]