SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s battery sector has roared back to life this month, rebounding sharply from months of stagnation tied to electric vehicle (EV) demand concerns. The rally has sent related exchange-traded funds (ETFs) soaring, though analysts caution that the upswing may be short-lived. According to data from the Korea Exchange as [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korean automaker Hyundai Motor Group is teaming up with Seoul National University, one of the country’s higher education institutions, to develop next-generation battery technology for use in future electric vehicles (EVs). On Wednesday, the two parties signed a memorandum of understanding for the establishment of a center for [...]
SEJONG, July 8 (Korea Bizwire) – South Korea said Thursday it will increase investment to develop the next-generation battery technology, expand its manufacturing base and secure supply chains as it seeks to foster the rechargeable battery industry as the next growth driver. The Ministry of Trade, Industry and Energy unveiled the so-called K-battery blueprint to [...]
SEOUL, Oct. 10 (Korea Bizwire) — SK Innovation Co., South Korea’s top energy-chemical business, said Wednesday it will put a bigger focus on its battery business to achieve a 30 percent share of the global car battery market by 2025. In the January-August period, SK Innovation churned out a total of 428.9 megawatt hours (MWh) [...]