SEOUL, Oct. 1 (Korea Bizwire) — SK Innovation Co. is said to be in the process of pushing for the establishment of a facility that would build electric car batteries in the U.S. According to industry sources, SK Innovation has been considering a few locations in the U.S. deemed suitable for the plant, but the [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korean manufacturers of car batteries are anticipated to benefit from Beijing’s latest move to cut subsidies provided to Chinese companies, industry watchers said Monday. Chinese-based electric car battery maker OptimumNano Energy recently announced that it will suspend its production line for six months citing financial problems. BYD, China’s [...]
SEOUL, Jul. 4 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Wednesday it has signed a five-year deal with Nemaska Lithium, a Canadian supplier of lithium hydroxide, a key material in making electric vehicle batteries. The deal allows LG Chem to receive 7,000 tons of lithium hydroxide per year, enough for [...]
AUSTIN, Texas, Jun. 19 (GLOBE NEWSWIRE) — Battery and portable power solutions group Lithium Werks B.V. has signed a strategic distribution agreement with Taipei, Taiwan-based distributor Endrich Co., Ltd to bolster its support for Asian customers. “Demand for lithium batteries from Asian customers has been strong for a long time, but even so, we’ve seen [...]
SEOUL, Apr. 2 (Korea Bizwire) — The battery performance of Samsung Electronics Co.’s Galaxy S9 smartphone trailed behind rival products, industry watchers said Monday, causing consumers to express discontent. According to a report released by industry tracker Strategy Analytics, the Galaxy S9 ranked sixth among the seven premium smartphones checked in terms of battery performance. [...]
SEOUL, Mar. 12 (Korea Bizwire) — A South Korean consortium made up of steelmaker POSCO and battery maker Samsung SDI Co. will invest 57.5 billion won (US$54 million) to build a cathode plant in Chile by 2021, POSCO said Sunday. The POSCO-Samsung SDI consortium beat 12 companies from seven countries to secure the Chilean project, [...]
SEOUL, Mar. 2 (Korea Bizwire) — Local battery makers are rushing to secure a steady supply of cobalt through import diversification and company mergers as the price of the raw material keeps rising, industry sources said Thursday. The international price of cobalt, a core component of batteries used in smartphones and electric vehicles, jumped to [...]
SEOUL, Aug. 9 (Korea Bizwire) — A local court on Wednesday ruled in favor of Samsung Electronics Co. in a class action suit filed by some 1,900 owners of the tech giant’s ill-fated Galaxy Note 7, saying that it is hard to believe their inconvenience in the wake of the recall of the device and [...]
SEOUL, Jul. 6 (Korea Bizwire) — Samsung Electronics Co. on Thursday showcased the refurbished edition of the ill-fated Galaxy Note 7, whose production was suspended last year due to battery issues. South Korea’s three mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — said they will kick off sales of the [...]
SEOUL, Jul. 4 (Korea Bizwire) — South Korea’s two leading battery manufacturers are racing to develop a new type of smartphone power source that can significantly improve safety, industry sources said Tuesday. According to industry watchers, Samsung SDI Co. and LG Chem Ltd. are currently seeking to commercialize solid-state batteries, which use solid-type electrolytes. The [...]