SEOUL, Oct. 23 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest car battery maker, said Monday it will supply batteries for Hyundai Motor Co.’s electric vehicles in a seven-year deal. Samsung SDI signed the deal to provide car batteries to Hyundai Motor’s vehicles to be built in Europe from 2026 through 2032, the company [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea will extend support for electric vehicles (EVs), secondary batteries and other major industry fields in an effort to boost exports amid signs of a turnaround after a yearlong downturn, the industry ministry said Thursday. The Ministry of Trade, Industry and Energy held a meeting with relevant ministries [...]
SEOUL, Sept. 26 (Korea Bizwire) — SK Ecoplant Co., a South Korean builder, said Tuesday it joined hands with a U.S. waste recycling company to form a joint venture and build a battery recycling pretreatment plant in the U.S. state of Kentucky. The factory will be established in Hopkinsville, in partnership with Ascend Elements and [...]
NEW DELHI, Sept. 9 (Korea Bizwire) — South Korean President Yoon Suk Yeol and Argentine President Alberto Fernandez agreed Saturday to explore the possibility of the two countries’ joint lithium battery production in the South American nation, Yoon’s office said. The two leaders discussed the issue during a meeting on the sidelines of the Group [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean battery maker SK On Co. has achieved a significant milestone by collaboratively developing an advanced oxide-based solid-state electrolyte (SSE) boasting the world’s highest level of lithium-ion conductivity. Lithium-ion conductivity directly impacts the speed of lithium-ion movement within the electrolyte, correlating to battery output and rapid charging capability. [...]
SEOUL, Aug. 28 (Korea Bizwire) — POSCO Future M Co. said Monday it aims to achieve 3.4 trillion won (US$2.57 billion) in annual operating profit by 2030 as it accelerates the expansion into the manufacturing of secondary battery materials amid the robust electric vehicle (EV) demand. The chemical unit of South Korean steel giant POSCO [...]
DAEJEON, July 5 (Korea Bizwire) — South Korean researchers have developed a safe and cost-effective technology for the production of semi-solid batteries using electron beams. The Korea Atomic Energy Research Institute said Tuesday that its team of researchers had successfully developed a “one-pot” technology. This innovative method utilizes electron beams to mass-produce semi-solid batteries in [...]
SEOUL, May 22 (Korea Bizwire) — Despite the thriving global electric vehicle (EV) industry, South Korea’s trade balance in secondary batteries has unexpectedly shown a deficit for the first time this year, signaling significant changes in the market, a trade body said Sunday. The deficit in rechargeable batteries, which were previously recognized as a representative [...]
SEOUL, March 20 (Korea Bizwire) – Following the European Union’s release of the draft of the Critical Raw Materials Act last week, South Korean industries are busy exploring any possible ripple effects. The Critical Raw Materials Act calls for not more than 65 percent of the EU’s annual consumption of each strategic raw material from [...]
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., [...]