SEOUL, Apr. 24 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it has started construction of an electric vehicle (EV) battery plant in Spain. The company said it held a groundbreaking ceremony for the envisioned 150,000-square-meter factory in Navarre, Spain, on Tuesday. Hyundai Mobis aims to start mass production [...]
SEOUL, Apr. 4 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Thursday it has begun the construction of its US$5.5 billion battery plant in Arizona, with an aim to start operations in 2026. LGES plans to produce 46-Series cylindrical batteries for electric vehicles (EVs) and lithium iron phosphate (LFP) [...]
SEOUL, Apr. 2 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday its joint venture with General Motors Co. began production at their second battery plant in the United States. The first round of battery cells produced at the plant have been delivered to GM for installation in the [...]
SEOUL, March 5 (Korea Bizwire) — South Korean battery producer SK On Co. said Sunday U.S. Transportation Secretary Pete Buttigieg visited the construction site of its new production line in Kentucky earlier this week. Buttigieg visited the 6.28 million-square-meter site of the manufacturing campus, named BlueOval SK Battery Park, on Friday, and met officials to [...]
SEOUL, March 1 (Korea Bizwire) — South Korea’s LG Energy Solution Ltd. (LGES) said Wednesday its joint venture with Honda Motor Co. has begun construction of a car battery plant in the United States with an aim to start production in late 2025. The 51:49 joint company, set up between LGES and Honda Motor in [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korean battery maker SK On said Monday it is considering withdrawing an initial pact with Ford Motor Co. and their local partner Koc Holding A.S. to build a car battery plant in Turkey. In March last year, the three companies signed a memorandum of understanding (MOU) to produce [...]
SEOUL, Dec. 9 (Korea Bizwire) — Hyundai Motor Group and SK On Co. will build an electric vehicle battery manufacturing facility near Atlanta in the U.S. state of Georgia, the state government has announced, after the two South Korean companies unveiled a plan to join hands on EV battery supply. The two companies will establish [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Monday it is joining hands with Japan’s Honda Motor Co. to build an electric vehicle battery plant in the United States in the latest move to increase its production capacity amid growing demand for zero-emission vehicles. The two companies [...]
SEOUL, May 25 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Wednesday it is investing US$1.29 billion in an electric vehicle battery plant to be built in the U.S. state of Indiana under a joint venture with Stellantis N.V. Samsung SDI will own a 51 percent stake in the $2.5 billion joint [...]
SEOUL, Oct. 27 (Korea Bizwire) — The chiefs of South Korean battery maker Samsung SDI Co. and global automaker Stallantis N.V. have met in Hungary, company officials said Wednesday, days after announcing a partnership to build an electric vehicle (EV) battery plant in the United States. The meeting between Samsung SDI CEO Jun Young-hyun and [...]