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 [...]
SEOUL, May 7 (Korea Bizwire) — SK Innovation Co., a latecomer to the electric vehicle battery market, joined the ranks of the world’s top 10 players in terms of sales during the first quarter of the year, industry data showed Tuesday. According to the data by SNE Research, a market researcher on renewable energy, SK [...]
London, Apr. 26 (Korea Bizwire) — Benchmark Mineral Intelligence (Benchmark Minerals) is delighted to announce that Vivas Kumar has been appointed Principal Consultant. Vivas joins from Tesla, one of the world’s foremost electric vehicle (EV) and lithium ion battery producers. Vivas was responsible for building Tesla’s lithium ion battery supply chain from May 2017 to April 2019, where he sourced a [...]
SEOUL, Apr. 22 (Korea Bizwire) — Hyundai Motor Group said Monday it has developed mobile tune-up technology for its upcoming electric vehicle models. The latest achievement is part of the South Korean automotive group’s efforts to evolve into a smart mobility solutions provider in the long term. Hyundai Motor Co. and Kia Motors Corp., two [...]