SEOUL, Dec. 29 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading electric vehicle battery maker, will invest 475.4 billion won (US$400 million) in cathode materials plant, the trade ministry said Wednesday. LG Chem will set up LG Battery Core Material to produce 60,000 tons a year of cathode materials and create 187 jobs for [...]
SEOUL, Dec. 9 (Korea Bizwire) — EcoPro BM Co., a South Korean cathode manufacturer, said Thursday it is spending about 970 billion won (US$826.3 million) over the next four years to build a cathode-producing plant in Hungary, in what would be its first investment overseas. The factory, to be located in the country’s eastern town [...]
SEOUL, July 8 (Korea Bizwire) — South Korean secondary battery materials maker POSCO Chemical Co. said Thursday it will built a new cathode materials plant to meet rising demand for electric vehicle (EV) batteries. The unit of South Korean steel giant POSCO said it will start to invest around 600 billion won (US$525 million) from [...]
SEOUL, May 14 (Korea Bizwire) — POSCO Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Thursday it has expanded production capacity of cathode material, a key component for electric vehicle (EV) batteries. POSCO Chemical said the move will boost its annual production capacity of cathode to 30,000 tons from the previous [...]
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 [...]