SEOUL, Oct. 7 (Korea Bizwire) – Owners of Samsung smartphones are still anxious despite the company’s quick recall measures as two additional phablets were found to have caught on fire. One of the incidents took place in Korea on October 1 at a home in Seoul, the same day that Samsung resumed sales of its [...]
SEOUL, Oct. 6 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemical firm, said Thursday it has broken ground for a plant in Poland for electric vehicle batteries, hoping to become a leading EV battery supplier to European carmakers. The EV battery plant in Wroclaw, southwestern Poland, will cost 400 billion won (US$359 million), [...]
SEOUL, Oct. 4 (Korea Bizwire) – Faraday Future, a Silicon Valley-based electric vehicle (EV) maker, said Tuesday that it has picked LG Chem Ltd, a South Korean electric vehicle (EV) battery maker, as its official business partner. In a press release posted on its website, Faraday Future said it collaborated with LG Chem on the [...]
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 [...]