electric car battery Archives

S. Korean Firms Expected to Benefit from China’s State Subsidy Cuts

SEOUL, Sept. 3 (Korea Bizwire) — South Korean manufacturers of car batteries are anticipated to benefit from Beijing’s latest move to cut subsidies provided to Chinese companies, industry watchers said Monday. Chinese-based electric car battery maker OptimumNano Energy recently announced that it will suspend its production line for six months citing financial problems. BYD, China’s [...]

Saemangeum Industrial Complex to Begin Mass Lithium Production

SEJONG, Nov. 10 (Korea Bizwire) — The Saemangeum Industrial Complex is set to produce an annual 30,000 tons of lithium – one of the key materials for electric-vehicle batteries – starting in 2020. Lithium manufacturer Lithium Korea will use 165,000 square meters of land at the Saemangeum Industrial Complex to begin the production of lithium in [...]