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SK Innovation to Issue ‘Green Loan’ Worth US$1 bn for U.S. Battery Plant

SK Innovation to Issue ‘Green Loan’ Worth US$1 bn for U.S. Battery Plant

SEOUL, Jan. 6 (Korea Bizwire) – SK Innovation Co., a South Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won (US$1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the United States, officials said Wednesday. SK battery America Inc., the Korean firm’s U.S. subsidiary, will issue the green bond, [...]

EV Battery Makers Set to Report Robust Q4 Results on Strong Demand

EV Battery Makers Set to Report Robust Q4 Results on Strong Demand

SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s three electric vehicle (EV) battery makers are expected to report robust or improved fourth-quarter earnings results on growing demand for electrified vehicles, analysts said Sunday. LG Energy Solutions Ltd., SK Innovation Co. and Samsung SDI Co. likely performed well in the October-December period as carmakers are adding [...]

LG Energy Solution Ranks Second in EV Battery Market in Jan.-Nov. Period

LG Energy Solution Ranks Second in EV Battery Market in Jan.-Nov. Period

SEOUL, Dec. 31 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. was the second-biggest supplier of electric vehicle (EV) batteries in the first 11 months of the year following China’s CATL, a market research firm said Thursday. LG Energy Solution, which spun off from LG Chem Ltd. earlier this month, shipped 26.4 [...]

SK Innovation Inks Joint Venture Deal to Run Another EV Battery Plant in China

SK Innovation Inks Joint Venture Deal to Run Another EV Battery Plant in China

SEOUL, Dec. 14 (Korea Bizwire) — SK Innovation Co. has invested in an electric vehicle (EV) battery plant in China in the latest move to boost its production capacity amid growing demand for zero-emission cars in the world’s largest auto market, people familiar with the matter said Monday. The South Korean EV battery maker acquired [...]

S. Korean Researchers Poached by China Could Pose Threat to Domestic Battery Makers

S. Korean Researchers Poached by China Could Pose Threat to Domestic Battery Makers

SEOUL, Dec. 10 (Korea Bizwire) — A group of South Korean researchers poached by a Chinese company which is now transforming itself from property developer to electric vehicle (EV) and battery maker have turned out to be playing a key role in the rapid growth of the Chinese company. Industry experts warn that China’s poaching [...]

U.S. Panel Again Delays Ruling on Trade Secret Case Involving 2 Korean EV Battery Makers

U.S. Panel Again Delays Ruling on Trade Secret Case Involving 2 Korean EV Battery Makers

WASHINGTON/SEOUL, Dec. 9 (Korea Bizwire) — A U.S. trade panel on Wednesday again postponed a much-awaited ruling on a trade secret dispute involving South Korean battery makers LG Energy Solution Ltd. and SK Innovation Co. to Feb. 10. The U.S. International Trade Commission (ITC) postponed the final ruling slated for Dec. 10 without elaborating on [...]

Posco Chemical to Supply Cathodes for LG-GM EV battery Joint Venture

Posco Chemical to Supply Cathodes for LG-GM EV battery Joint Venture

SEOUL, Dec. 9 (Korea Bizwire) — Posco Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Wednesday it will provide a key element for Ultium Cells’ rechargeable batteries for electric vehicles (EVs). Posco Chemical said it will supply cathodes, one part of lithium-ion batteries used in EVs, to Ultium Cells, a battery [...]

New Ceramic-based Lithium Air Battery Offers 1,000-km-range

New Ceramic-based Lithium Air Battery Offers 1,000-km-range

SEOUL, Dec. 3 (Korea Bizwire) — South Korean researchers have developed a new electric vehicle (EV) battery that enables an EV to travel approximately 1,000 kilometers on a single charge. A joint research team from the Ulsan National Institute of Science and Technology and the Samsung Advanced Institute of Technology announced said it had resolved [...]

POSCO Mulls Buying Stakes in Graphite Mines in Australia, Mozambique

POSCO Mulls Buying Stakes in Graphite Mines in Australia, Mozambique

SEOUL, Dec. 3 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, is considering buying stakes in graphite mines in Australia and Mozambique, a person familiar with the matter said Thursday. The move is part of POSCO’s efforts to diversify import sources of graphite, a material required in making anodes, he said. An anode [...]

LG Energy Solution Sets Sail to Target Growing EV Market, but Challenges Lie Ahead

LG Energy Solution Sets Sail to Target Growing EV Market, but Challenges Lie Ahead

SEOUL, Dec. 1 (Korea Bizwire) — LG Chem Ltd.’s battery business officially launched its standalone company Tuesday to take a bigger chunk of the growing battery market, but a bumpy road lies ahead to stay on top of the highly competitive industry. Kim Jong-hyun, who served as president of LG Chem’s battery unit, takes the [...]