SEOUL, Sept. 26 (Korea Bizwire) – LG Chem Ltd., a South Korean chemicals company, aims to post annual sales of 7 trillion won (US$6.3 billion) in electric car batteries in 2020, according to the company Sunday. Helped by a growing demand for electric car batteries, LG Chem expects to post 3.7 trillion won in annual [...]
SEOUL, Sept. 6 (Korea Bizwire) – Samsung Electronics may be praised for its swift decision to recall faulty Galaxy Note 7 phablets, but its affiliate Samsung SDI (SSDI), which was responsible for the production of some of the defective batteries, is facing a crisis. According to industry watchers, SSDI has tentatively halted its supply of [...]
SEOUL, Aug. 31 (Korea Bizwire) – South Korea’s Samsung SDI Co. said Tuesday it will build an electric vehicle (EV) battery factory in Hungary, with the aim of making the new plant a European hub to supply EV batteries to automakers. Samsung SDI said it will spend about 400 billion won (US$357.7 million) on the [...]
SEOUL, June 20 (Korea Bizwire) – A team of South Korean researchers has developed a new type of graphene for lithium-ion batteries that can be recharged at a faster rate than conventional ones with no risk of reduced capacity, they said Monday. Conventional graphene is a two-dimensional atom-thin sheet of carbon that is commonly produced [...]
SEOUL, April 14 (Korea Bizwire) – Samsung SDI Co., a major chemical unit under the country’s top conglomerate Samsung, said Thursday that it plans to spend around 1 trillion won (US$875 million) this year on beefing up its electric vehicle (EV) battery business. Samsung SDI said it plans to spend 975 billion won this year [...]
SEOUL, Oct. 20 (Korea Bizwire) – Samsung SDI Co. and LG Chem Co., South Korea’s two major battery makers, are expanding their product portfolios into flexible cells for wearable devices, a move seen to meet increasing global demand for bendable gadgets such as smartwatches. The two battery-making units of Samsung Group and LG Group said [...]
DAEJEON, Oct. 14 (Korea Bizwire) – The Korea Forest Service’s Forest Research Institute has announced that through a joint project with the Ulsan Institute of Science and Technology, researchers have developed technology to make a lithium ion battery that can be folded into a paper crane and used three times longer than current batteries. Professor [...]
SEOUL, Aug. 13 (Korea Bizwire) – Samsung SDI Co., the battery-making unit of South Korea’s Samsung Group, said Thursday it will work with Audi AG to produce the power pack for the German automaker’s new electric-powered sport utility vehicle (SUV), as it moves to expand into the automotive business. The two companies have signed a [...]