SEOUL, May 7 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, overtook Japan’s Panasonic to become the largest supplier of electric vehicle (EV) batteries for the first time, data showed Thursday. Based on the global usage of EV batteries, LG Chem’s market share stood at 27.1 percent in the first quarter, up [...]
SEOUL, Feb. 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it will supply batteries to American electric carmaker Lucid Motors by 2023. LG Chem said it has signed a deal to supply cylindrical batteries for the Lucid Air luxury sedan, which will be launched for mass production in the [...]
ENSCHEDE, The Netherlands, Oct. 16 (Korea Bizwire) — Lithium Werks (lithiumwerks.com) has been serving the Marine sector for over 12 years. In that time, we have seen the market transition from small lithium batteries in racing yachts to large battery systems in ferries and work vessels. Lithium Werks does not use nickel-manganese-cobalt (NMC) as a battery [...]
SEOUL, Sept. 15 (Korea Bizwire) — SK Innovation Co. of South Korea has been picked to supply a battery pack for Ferrari’s first plug-in hybrid electric vehicle (PHEV), industry sources said Sunday. After two years of tests of various products, the Italian luxury sports carmaker has chosen SK Innovation as the supplier of the lithium-ion [...]
SEOUL, Aug. 30 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Friday it will file lawsuits against its local rival LG Chem Ltd. and LG Electronics Inc. in the United States for patent infringement over EV battery technology. SK Innovation said it plans to file lawsuits [...]
SEOUL, Aug. 15 (Korea Bizwire) – SK Innovation Co., South Korea’s biggest refiner, said Thursday it will borrow 800 billion won (US$658 million) overseas by next year to invest in car battery and battery separator plants. SK Innovation has increased in the battery business as it sees a new growth driver for the country’s third-biggest [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) battery makers are expected to face fierce competition in Europe in the upcoming years as European companies are ramping up efforts to expand their clout in the fast-growing sector, a trade organization here said Wednesday. LG Chem Ltd., Samsung SDI Co., and SK Innovation [...]
YEONGGWANG, Jul. 29 (Korea Bizwire) — South Korea’s first electric vehicle (EV) battery recycling firm will be established in Yeonggwang Country, South Jeolla Province. County officials announced on Saturday that the construction project for the new recycling center recently began in the Daema Industrial Complex, a regulation-free zone for the e-mobility industry. The center will [...]
SEOUL, Jul. 25 (Korea Bizwire) — In yet another positive result for the government’s win-win job-creation drive, LG Chem Ltd., South Korea’s largest chemical company by sales, announced a plan Thursday to invest 500 billion won (US$423 million) to build a new cathode material production plant in Gumi, North Gyeongsang Province. The firm signed a [...]
JEJU, Jun. 25 (Korea Bizwire) — A new facility recently established on Jeju Island will recycle used batteries from electric vehicles (EVs). Jeju provincial government announced that an opening ceremony for the ‘Industrial Center for Electric Car Batteries’ will be held on Wednesday at Jeju Science Park. The center will be equipped with various facilities [...]