SEOUL, Feb. 10 (Korea Bizwire) — SK On Co., the battery-making unit under South Korea’s SK Group, is struggling after missing the opportune timing for its initial public offering (IPO), and accumulating operating losses. Investor resistance to the listing of subsidiaries through physical division has become rampant since the listing of LG Energy Solution Ltd., [...]
SEOUL, Dec. 21 (Korea Bizwire) — The Korea Institute of Science and Technology said Tuesday its research team had identified the cause of the sharp decline in the life of electric vehicle (EV) batteries using manganese-based spinel cathode materials. These findings are expected to greatly contribute to increasing the potential for commercialization. Thus far, it [...]
DAEJEON, Oct. 21 (Korea Bizwire) — A South Korean research lab said Thursday it has developed a new additive to improve the flame resistance of rechargeable batteries. The Electronics and Telecommunications Research Institute announced that the newly-developed fluorosulfuric acid-based flame resistance additive features superior flame resistance and safety compared to existing triphenyl phosphate (TPP) flame [...]
SYDNEY, July 13 (Korea Bizwire) — The New South Wales (NSW) Environment Protection Authority (EPA) has made grants available to companies that propose innovative solutions to address the growing challenge of dealing with end-of-life LIBs from decommissioned solar energy storage systems. TES has been successful in winning a grant from the NSW EPA to build [...]
SEOUL, May 25 (Korea Bizwire) — An electric vehicle powered by a battery from LG Energy Solution Ltd. set a new Guinness World Record title for the highest altitude achieved by an electric car. The Volkswagen ID.4 GTX succeeded in driving up the dormant Uturuncu volcano in Bolivia, reaching an altitude of 5,816 meters on [...]
SEOUL, April 18 (Korea Bizwire) — A South Korean consortium led by LG has signed an initial agreement with Indonesia’s state-run companies to push for a project worth around US$9 billion to establish an electric vehicle battery supply chain in the Southeast Asian country, a LG unit said Monday. The nonbinding framework agreement was signed [...]
JEJU, April 18 (Korea Bizwire) — South Korea’s southern resort island of Jeju is on track to allow the sales of battery packs in used electric vehicles (EVs). On Friday, the Jeju Special Self-Governing Provincial Government issued an advance notice on a partial revision of the “EV battery return and processing ordinance.” Under the revision, [...]
SEOUL, April 6 (Korea Bizwire) — LG Energy Solution Ltd.(LGES) said Wednesday the U.S. auto safety agency’s probe into its batteries is a “follow-up procedure” to the recent recalls of electric vehicles made with LG products, stressing that it does not involve any additional issues. The U.S. National Highway Traffic Safety Administration (NHTSA) said Tuesday [...]
SEOUL, Feb. 11 (Korea Bizwire) — SES AI Corp., a U.S. battery developer, said Friday it has launched a subsidiary in Seoul as part of efforts to further expand its foothold in the country. The announcement by the Boston-headquartered company came about three months after it unveiled its next-generation hybrid lithium-metal battery, “Apollo,” for large [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it has partnered with U.S. quantum computer firm IonQ for battery development. The partnership will allow Hyundai Motor to use IonQ’s quantum computers to develop more effective car batteries, Hyundai said in a statement. Quantum-powered chemistry simulation is expected to significantly enhance [...]