EV batteries Archives | Be Korea-savvy
Battery Makers Scramble to Recycle Old EV Batteries

Battery Makers Scramble to Recycle Old EV Batteries

SEOUL, Dec. 20 (Korea Bizwire) — South Korean battery makers are jumping into recycling electric vehicle (EV) batteries as the prices of the metals used in the batteries are on the rise. LG Chem Ltd., South Korea’s largest chemical company, and its subsidiary LG Energy Solution Ltd. recently invested a combined 60 billion won (US$50 [...]

SK On to Produce Eco-friendly ESS Using Batteries Collected from Scrapped EV Batteries

SK On to Produce Eco-friendly ESS Using Batteries Collected from Scrapped EV Batteries

SEOUL, Nov. 30 (Korea Bizwire) — SK On, the new battery spinoff of SK Innovation Co., has launched a pilot project to churn out eco-friendly energy storage system (ESS) using the batteries collected from scrapped electric vehicle batteries. The company said Monday that it had signed a business agreement with the state-run Korea Electrical Safety [...]

Hyundai, OCI, CPS Energy Team Up for Recycle of Used EV Batteries in ESS

Hyundai, OCI, CPS Energy Team Up for Recycle of Used EV Batteries in ESS

SEOUL, Sept. 15 (Korea Bizwire) — South Korean automaker Hyundai Motor Group said Wednesday it will partner with solar firm OCI Solar Power and U.S.-based utility firm CPS Energy to recycle used electric vehicle batteries in the energy storage system (ESS). Hyundai Motor, the U.S. subsidiary of Korean solar firm OCI and CPS Energy signed [...]

POSCO Chemical to Boost Production Capacity of Key Materials for EV Batteries

POSCO Chemical to Boost Production Capacity of Key Materials for EV Batteries

SEOUL, Aug. 25 (Korea Bizwire) — POSCO Chemical Co. said Wednesday that it will invest 281 billion won (US$241 million) to boost production capacity of cathodes and precursors in China in the first overseas project for key components for electric vehicle (EV) batteries. The decision by the unit of South Korean steel giant POSCO represents [...]

U.S. Trade Panel Says SK Stole LG Trade Secrets for EV Batteries

U.S. Trade Panel Says SK Stole LG Trade Secrets for EV Batteries

SEOUL, March 5 (Korea Bizwire) — A U.S. trade panel has said SK Innovation Co. misappropriated trade secrets of its South Korean rival LG Energy Solution Ltd. for its development of electric vehicle (EV) batteries, in a decision that could jeopardize SK Innovation’s battery businesses in the United States. The U.S. International Trade Commission (ITC) [...]

POSCO Chemical to Boost Production Capacity of Cathodes for EV Batteries

POSCO Chemical to Boost Production Capacity of Cathodes for EV Batteries

SEOUL, Feb. 23 (Korea Bizwire) — POSCO Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Tuesday it will invest 275.8 billion won (US$248 million) to expand its production capacity of cathodes, a key component for electric vehicle (EV) batteries. POSCO Chemical said the plant in the southern city of Gwangyang will [...]

Hyundai Motor, LG Energy Solution Team Up to Lease, Recycle EV Batteries

Hyundai Motor, LG Energy Solution Team Up to Lease, Recycle EV Batteries

SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will partner with LG Energy Solution Ltd. and a local taxi operator for a pilot battery lease program for electric taxis. The nation’s largest automaker and battery maker and KST Mobility, the operator of Macaron Taxi, signed a memorandum of understanding at Hyundai’s [...]