SEOUL, Jan. 17 (Korea Bizwire) — South Korean battery makers are lagging behind their rivals in China and Japan in electric vehicle (EV) battery competitiveness, a local think tank said Thursday. Korean car battery companies, such as LG Chem Ltd. and Samsung SDI Co., have witnessed their combined share in the global battery market plunge [...]
SEOUL, Dec. 13 (Korea Bizwire) — A simple method to allow for the sale of electricity stored in electric car batteries is coming to South Korea. The Ministry of Trade, Industry and Energy announced on December 12 that it had completed a revision enforcement decree to electric utility legislation and was introducing the so-called ‘Small-scale [...]
SEOUL, Dec. 11 (Korea Bizwire) — Hyundai Motor Group and its suppliers will collectively invest 7.6 trillion won (US$6.7 billion) in hydrogen fuel cell electric car-producing facilities and related R&D activities by 2030, the company said Tuesday. Under the so-called hydrogen road map, the business group and 124 partner companies will invest in a plant [...]
SEOUL, Nov. 28 (Korea Bizwire) — Renault Samsung Motors Corp. said Wednesday it will provide more Twizy ultracompact electric cars to a local car sharing service, a move to strengthen its leading stance as an electric vehicle maker. Renault Samsung will gradually supply another 45 Twizy models to the LH Happiness car-sharing service available at [...]
SEOUL, Nov. 26 (Korea Bizwire) — SK Innovation Co., South Korea’s top energy-chemical business, said Monday that it will invest 1.14 trillion won (US$1.01 billion) to build an electric vehicle (EV) battery plant in the United States. The company said it has decided to construct the 9.8 gigawatt-hour capacity battery plant in the city of [...]
SEOUL, Nov. 14 (Korea Bizwire) — SK Innovation Co., a South Korean energy-to-construction conglomerate, said Wednesday that it is considering building electric vehicle battery plants in the United States and Europe to meet growing demand for zero-emissions cars. SK Innovation said up to four unidentified areas have been shortlisted for its first plant in the [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Innovation Co. is said to be in the process of pushing for the establishment of a facility that would build electric car batteries in the U.S. According to industry sources, SK Innovation has been considering a few locations in the U.S. deemed suitable for the plant, but the [...]
SEOUL, Jul. 4 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Wednesday it has signed a five-year deal with Nemaska Lithium, a Canadian supplier of lithium hydroxide, a key material in making electric vehicle batteries. The deal allows LG Chem to receive 7,000 tons of lithium hydroxide per year, enough for [...]
SEOUL, Jun. 6 (Korea Bizwire) – The share of electric vehicles (EV) in the sales of eco-friendly vehicles in South Korea has surpassed 20 percent for the first time this year on the back of a wide range of lineups and improved charging infrastructure, industry data showed Wednesday. A total of 5,542 EVs were sold [...]
SEOUL, Mar. 2 (Korea Bizwire) — Local battery makers are rushing to secure a steady supply of cobalt through import diversification and company mergers as the price of the raw material keeps rising, industry sources said Thursday. The international price of cobalt, a core component of batteries used in smartphones and electric vehicles, jumped to [...]