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Georgia Gov. Kemp Asks Biden to Overturn ITC Ruling Against SK Innovation

Georgia Gov. Kemp Asks Biden to Overturn ITC Ruling Against SK Innovation

SEOUL, March 13 (Korea Bizwire) — Georgia Gov. Brian Kemp has asked U.S. President Joe Biden to overturn a U.S. trade panel’s decision against SK Innovation Co. in a trade secret case over electric vehicle (EV) batteries. Kemp repeated his request to save thousands of jobs in northeast Georgia directly tied to an SK Innovation’s [...]

S. Korean Battery Makers Face Uncertainty over Safety Issues, Lawsuit

S. Korean Battery Makers Face Uncertainty over Safety Issues, Lawsuit

SEOUL, Feb. 25 (Korea Bizwire) — South Korean battery makers are facing uncertainty over their businesses on safety issues and legal disputes amid an intensifying competition for the booming market as automakers rush to go all electric. Three manufacturers — LG Energy Solution Ltd., Samsung SDI Co. and SK Innovation Co. — are well-positioned suppliers [...]

Hyundai Glovis Acquires Patent for Container to Transport Dead EV Batteries

Hyundai Glovis Acquires Patent for Container to Transport Dead EV Batteries

SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Glovis Co. has developed an exclusive container that enables dead electric vehicle (EV) batteries to be transported in an economically efficient manner. The logistics unit of Hyundai Motor Group announced on Wednesday that it acquired a patent for a Platform Container that is designed to transport a variety [...]

SK Innovation to Invest 1.3 tln Won in 3rd EV Battery Plant in Hungary

SK Innovation to Invest 1.3 tln Won in 3rd EV Battery Plant in Hungary

SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Friday it will invest 1.3 trillion won (US$1.2 billion) in its Hungary subsidiary to expand its electric vehicle battery production in Europe. SK Innovation said its investment in SK Battery Hungary Kft. is aimed at building “a new battery factory [...]

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 [...]