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S. Korean EV Battery Makers Spend Big to Capture Growing Market

S. Korean EV Battery Makers Spend Big to Capture Growing Market

SEOUL, Jan. 10 (Korea Bizwire) – South Korean electric car battery makers such as LG Chem Ltd. are jacking up their investment to strengthen their standing in the global market, industry sources said Thursday. Late last year, LG Chem, the country’s leading electric vehicle (EV) battery manufacturer, announced investments totaling 3 trillion won (US$2.67 billion). [...]

Gov’t-Private Project to Double EV Battery Range to 400 Km per Charge

Gov’t-Private Project to Double EV Battery Range to 400 Km per Charge

SEJONG, Sept. 21 (Korea Bizwire) – South Korea will invest 43 billion won (US$38.4 million) in developing a new electric vehicle (EV) battery with a range of some 400 kilometers per charge by 2020 in order to foster the clean energy sector as a new growth engine, the trade ministry said Wednesday.  The government and [...]