SEOUL, Aug. 23 (Korea Bizwire) — LG Chem Ltd., South Korea’s top electric vehicle (EV) battery maker, has signed a deal with an affiliate of China’s largest lithium producer to secure a key material used for EV batteries, industry sources said Friday. According to the sources, LG Chem inked the deal to secure lithium hydroxide [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Thursday it has completed the construction of a facility in China to produce cathode material, a key component for electric vehicle (EV) batteries. POSCO said its joint venture with Huayou Cobalt, China’s largest cobalt producer, in Tongxiang, Zhejiang Province of China, will begin [...]
SEOUL, Aug. 20 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Tuesday it plans complete the development of a battery recycling technology by the end of this year to beef up its competitiveness in the industry. SK Innovation said it is working to find solutions to [...]
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 [...]
SEOUL, Aug. 1 (Korea Bizwire) — The most important factor that consumers consider when buying an electric vehicle (EV) is the distance one can drive on a fully charged battery, also known as the vehicle’s range. According to a survey of 4,000 consumers conducted by SK Encar, a used car platform, 49.5 percent of the [...]
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. 24 (Korea Bizwire) — SK ie technology Co., an affiliate of South Korean EV battery producer SK Innovation Co., said Wednesday its lithium-ion battery separator (LiBS) production will start being expanded in October following the completion of new production lines. The company said new production lines at its plant in South Korea will [...]
SEOUL, Jul. 17 (Korea Bizwire) — It may seem to be a contrarian ploy for a gas station to provide an electric vehicle (EV) charging service, but local refiners have been quick in adding such services in an attempt to capitalize on the fast-growing battery-powered car segment. Three of four major South Korean refiners are [...]
SEOUL, May 15 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Wednesday that it has been tapped as a supplier of electric vehicle (EV) batteries to Swedish carmaker Volvo Car Group. LG Chem said it has signed a multi-year contract to supply lithium-ion batteries for Volvo’s next generation EV projects. The [...]
SEOUL, May 15 (Korea Bizwire) — SK Innovation Co., South Korea’s top oil refiner, said Wednesday it will invest 580 billion won (US$487 million) to build an electric vehicle (EV) battery plant in China. In a regulatory filing, SK Innovation, a latecomer to the EV battery sector, said that it will set up a new [...]