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 [...]
DAEJEON, Jan. 14 (Korea Bizwire) — South Korea’s top-ranked science and technology university said Thursday that it had developed a high-performance all-solid-state battery using a high molecular electrolyte in the form of an elastomer, a synthetic resin with excellent elasticity and dynamic stability. The all-solid-state Li-metal battery was developed by changing the state of the [...]
SEOUL, Oct. 13 (Korea Bizwire) — LG Electronics Inc. and LG Energy Solution said Wednesday that they will repay General Motors Co. about 1.4 trillion won (US$1.2 billion) in costs for the recalls of Bolt electric vehicles due to battery defects. The two flagship units of South Korea’s LG Group have reached an agreement with [...]
DAEJEON, Sept. 29 (Korea Bizwire) — The Korea Institute of Machinery and Materials, an institute under the jurisdiction of the Ministry of Science and ICT, said Tuesday that it had developed a flexible, stretchable battery that bends and stretches like a snake. With a mechanical structure resembling a snake’s scales, the new battery can easily [...]
SEOUL, July 9 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. is considering investment in the United States to meet growing demand for electric vehicles, industry sources said Friday, stoking speculation over potential partnership with major automakers. The battery making arm of Samsung Electronics Co. has been reviewing various options to build a [...]
SEOUL, April 1 (Korea Bizwire) — The U.S. International Trade Commission (ITC) on Thursday made a preliminary ruling in favor of South Korea’s No. 2 battery maker SK Innovation Co. in a patent suit with its local rival LG Energy Solution Ltd., the latest twist in the bitter dispute between the two Korean battery makers. [...]