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 [...]
SEOUL, April 14 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Wednesday it will build a plant in South Korea to extract lithium hydroxide, a key material for electric vehicle (EV) batteries. POSCO said its board of directors approved the plan last week to build a plant in the southern industrial city [...]
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) [...]
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 [...]
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 [...]
SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Group, the world’s fifth-largest automotive group, said Sunday that it will carry out a pilot project to reuse batteries used for electric vehicles (EVs) at solar power plants. The move follows the Ministry of Trade, Industry and Energy’s recent decision to give regulatory exemptions for new business [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean manufacturers of electric vehicle (EV) batteries on Wednesday showed mixed reactions to Telsa’s ambitious road map to cut the cost of EV batteries in half. Tesla said its new cylindrical cells would reduce the cost per kilowatt hour by 56 percent and extend its electric vehicle range [...]
SEOUL, Aug. 5 (Korea Bizwire) — POSCO Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Wednesday it will expand production capacity of cathodes, a key component for electric vehicle (EV) batteries. POSCO Chemical said the move will boost its annual production capacity of cathodes to 70,000 tons by 2022, which is [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group, South Korea’s leading carmaker, said Sunday that it has joined hands with local solar cells and modules manufacturer Hanwha Q Cells to develop energy storage system (ESS) with used electric vehicle (EV) batteries. Under the memorandum of understanding, the two sides will cooperate to find a [...]
SEOUL, Jan. 17 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, will soon begin mass production of electric vehicle (EV) batteries that will offer a range of 500 kilometers on a single charge. The company is currently building a new EV battery plant in Georgia, the United States, with the [...]