EV battery Archives | Be Korea-savvy
Electronic Scrap Recycling Firm TES Eyes EV Battery Recycling Biz

Electronic Scrap Recycling Firm TES Eyes EV Battery Recycling Biz

LAS VEGAS, Jan. 15 (Korea Bizwire) — In Las Vegas, Nevada, a 3,700-square-meter facility of Singapore-based IT lifecycle solution company TES houses stacks of used electronic devices, including data center servers, hard disk drives, laptops and smartphones. About a 30-minute drive from the city’s luxurious strip of hotels, casinos and restaurants, this facility plays a [...]

European Biz Lobby Calls for Flexibility in S. Korea’s EV battery, Plastic Waste Regulations

European Biz Lobby Calls for Flexibility in S. Korea’s EV battery, Plastic Waste Regulations

SEOUL, Sept. 21 (Korea Bizwire) — The European Chamber of Commerce in Korea (ECCK) on Thursday called for South Korea to consider allowing greater flexibility in adopting regulations for electric vehicle (EV) batteries, plastic recycling and other major industries, to help further promote the trade between Seoul and the economic bloc. The ECCK made the [...]

Hyundai to Construct Battery System Plant in Indonesia, Accelerating EV Production and Export Opportunities

Hyundai to Construct Battery System Plant in Indonesia, Accelerating EV Production and Export Opportunities

SEOUL, June 1 (Korea Bizwire) — Hyundai Motor Group is set to commence the construction of an electric vehicle (EV) battery system plant in Indonesia, investing approximately US$60 million. Indonesia, along with Thailand, is emerging as a significant country in the EV industry within the Association of Southeast Asian Nations (ASEAN) region. While Japanese automakers [...]

S. Korean EV Battery Makers’ Global Market Share Shrinks in 2022

S. Korean EV Battery Makers’ Global Market Share Shrinks in 2022

SEOUL, Feb. 8 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers saw their global market share decline in 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed Wednesday. The trio — LG Energy Solution Ltd., SK Innovation Co. and Samsung SDI Co. — held a combined 23.7 [...]

Construction in Full Swing for Joint Mega U.S. EV Battery Plants as SK Eyes Global Top Spot

Construction in Full Swing for Joint Mega U.S. EV Battery Plants as SK Eyes Global Top Spot

GLENDALE, Jan. 14 (Korea Bizwire) — Rain had wetted much of the clay soil on the ground — rich terracotta earth colors — creating small and large puddles everywhere around a gigantic steel structure, densely embedded with millions of steel beams. Yet it was another busy Sunday for many of the 800 engineers and construction [...]

Korean Researchers Unveil Lithium Replacement for EV Battery Cathode, Increasing Range

Korean Researchers Unveil Lithium Replacement for EV Battery Cathode, Increasing Range

SEOUL, Jan. 11 (Korea Bizwire) — The Gwangju Institute of Science and Technology said Tuesday it has developed a new technology that can extend the driving distance of electric vehicles by enabling the realization of a high-performance lithium metal battery with higher energy storage capacity. The research team developed a new lithium battery with a [...]

POSCO Chemical Bags US$10.8 bln Additional Deal to Supply EV Battery Component to GM

POSCO Chemical Bags US$10.8 bln Additional Deal to Supply EV Battery Component to GM

SEOUL, July 28 (Korea Bizwire) — POSCO Chemical Co. will supply a key electric vehicle (EV) battery component to General Motors Co. for three years starting 2023, in an additional US$10.8 billion deal expected to give a boost to the South Korean firm’s pivot to the battery materials sector. POSCO Chemical will supply high-nickel cathodes [...]

POSCO Chemical Joins Hands with British Startup for EV Battery Materials

POSCO Chemical Joins Hands with British Startup for EV Battery Materials

SEOUL, June 30 (Korea Bizwire) — POSCO Chemical Co., a major South Korean chemical company, said Thursday it has agreed to cooperate with a British battery startup on the development and supply of electric vehicle battery components in a bid to tap deeper into the European EV market. POSCO Chemical and Britishvolt Ltd., a West [...]