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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 [...]

SK Innovation, Ford to Invest 13 tln Won to Build Three U.S. Battery Plants

SK Innovation, Ford to Invest 13 tln Won to Build Three U.S. Battery Plants

SEOUL, Sept. 28 (Korea Bizwire) — South Korean battery maker SK Innovation Co. and American automaker Ford Co. said Tuesday they will invest 13 trillion won (US$11 billion) to build three electric vehicle batteries in the United States by 2025. A joint venture between the two companies, called BluOvalSK, will build an assembly and battery [...]

S. Korean Battery Firms in Race to Secure Sustainable Supply Chain

S. Korean Battery Firms in Race to Secure Sustainable Supply Chain

SEOUL, Aug. 2 (Korea Bizwire) — Korean battery firms are boosting investment in key materials to secure a stable electric vehicle (EV) battery supply chain and lower manufacturing costs in the face of intensifying global competition. Three Korean battery makers — LG Energy Solution Ltd., Samsung SDI Co. and SK Innovation Co. — have announced [...]