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 [...]
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 [...]
SEOUL, Feb. 7 (Korea Bizwire) — The combined global market share of three major South Korean battery makers declined last year from a year earlier, due largely to the growth of their Chinese rivals, data showed Monday. The cumulative market share of LG Energy Solution Ltd. (LGES), SK Innovation Co. and Samsung SDI Co. came [...]
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 [...]
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 [...]
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 [...]
SEOUL, July 29 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers accounted for a third of the global market in the first half 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 Co. and [...]
SEOUL, July 4 (Korea Bizwire) — Samsung SDI Co.’s electric vehicle (EV) battery business is expected to have turned to operating profit for the first time in the second quarter on strong demand by global automakers, analysts said Sunday. Samsung SDI Co., the battery arm of Samsung Electronics Co., was forecast to have posted 3.4 [...]
SEOUL, May 3 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said Monday. The trio — LG Energy Solution [...]
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, [...]