EV battery Archives | Be Korea-savvy
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, [...]

Samsung SDI to Set Up 1st EV Battery Plant in U.S. with Stellantis

Samsung SDI to Set Up 1st EV Battery Plant in U.S. with Stellantis

SEOUL, Oct. 22 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Friday it will build its first electric vehicle (EV) battery plant in the United States with global carmaker Stellantis N.V., joining other local rivals’ moves to tap deeper into the region. The announcement confirms earlier reports that the two recently signed [...]

LG Energy Solution Signs MOU with Stellantis for EV Battery Production

LG Energy Solution Signs MOU with Stellantis for EV Battery Production

SEOUL, Oct. 18 (Korea Bizwire) — LG Energy Solution Ltd., a South Korean battery maker, said Monday it has signed a memorandum of understanding (MOU) with multinational carmaker Stellantis N.V. to set up a joint venture to produce electric vehicle batteries. Under the partnership, the two companies will establish a new battery manufacturing plant in [...]