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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 [...]

Lotte Chemical Signs US$200 mln Deal with U.S. Firm to Make EV Battery Components

Lotte Chemical Signs US$200 mln Deal with U.S. Firm to Make EV Battery Components

SEOUL, April 27 (Korea Bizwire) — Lotte Chemical Corp. said Wednesday it has signed an initial deal with a U.S. startup to produce advanced battery materials for electric vehicles, as the company pushes to pivot to the battery materials business. Under the memorandum of understanding signed with Soelect Inc., a North Carolina-based battery component maker, [...]