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S. Korea to Designate Scrapped EV Batteries as Recyclable Resource

S. Korea to Designate Scrapped EV Batteries as Recyclable Resource

SEOUL, Sept. 6 (Korea Bizwire) — South Korea aims to raise the rate of recycling by designating scrapped electric vehicle (EV) batteries as a recyclable resource, exempting them from certain restrictions. The Ministry of Environment introduced plans for promoting the circular economy centering on recycling scrapped EV batteries at the Economic Regulation Innovation Task Force [...]

LG Energy Solution to Supply EV Batteries to Isuzu: Report

LG Energy Solution to Supply EV Batteries to Isuzu: Report

SEOUL, July 6 (Korea Bizwire) – LG Energy Solution Ltd. (LGES) will supply its electric vehicle batteries to Japanese commercial vehicle maker Isuzu Motors Ltd. in a deal likely amounting to at least 1 trillion won (US$762.4 million), a news report said Wednesday. LGES will produce cylindrical batteries for Isuzu’s EV version of its flagship [...]

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) [...]