SEOUL, Sept. 15 (Korea Bizwire) — South Korean automaker Hyundai Motor Group and battery maker LG Energy Solution Ltd. said Wednesday they have begun construction of a new electric vehicle battery plant in Indonesia. A joint venture between Hyundai Motor and LG Energy broke ground for the $1.1 billion lithium-ion battery cell plant in an [...]
SEOUL, April 15 (Korea Bizwire) — A joint venture between South Korean battery maker LG Energy Solution Ltd. and U.S. automaker General Motors Corp. will build its second battery factory in Tennessee to step up production, industry sources said Thursday. Ultium Cells, a joint venture between LG and GM, has picked a site in Tennessee [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Friday it will invest 1.3 trillion won (US$1.2 billion) in its Hungary subsidiary to expand its electric vehicle battery production in Europe. SK Innovation said its investment in SK Battery Hungary Kft. is aimed at building “a new battery factory [...]
SEOUL, May 15 (Korea Bizwire) — SK Innovation Co., South Korea’s top oil refiner, said Wednesday it will invest 580 billion won (US$487 million) to build an electric vehicle (EV) battery plant in China. In a regulatory filing, SK Innovation, a latecomer to the EV battery sector, said that it will set up a new [...]
SEOUL, Mar. 4 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading electric vehicle (EV) battery maker, is considering a second plant in Europe to meet growing demand, industry sources said Monday. LG Chem already has an electric car battery production plant in Poland. In November, LG Chem decided to invest 651 billion won (US$577 [...]
SEOUL, Nov. 26 (Korea Bizwire) — SK Innovation Co., South Korea’s top energy-chemical business, said Monday that it will invest 1.14 trillion won (US$1.01 billion) to build an electric vehicle (EV) battery plant in the United States. The company said it has decided to construct the 9.8 gigawatt-hour capacity battery plant in the city of [...]
SEOUL, Aug. 24 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Friday it will invest in a 820 billion won (US$730 million) battery plant in China, a move aimed at meeting growing demand for car batteries. In a joint venture with BAIC Motor Corporation., Ltd. and Beijing Electronics Holding Co., [...]