SEOUL, Sept. 8 (Korea Bizwire) — Chief executives of LG Chem Ltd. and SK Innovation Co. — two South Korean electric vehicle battery makers — are expected to meet later this month to make a breakthrough in their legal standoff over EV battery patents, industry sources said Saturday. LG Chem CEO Shin Hak-cheol and SK [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s major battery makers are striving to secure key materials for electric vehicle (EV) batteries, with demand for cathode metals spiking in line with the EV battery sector’s sharp growth, industry watchers said Monday. According to market tracker SNE Research, 112,000 tons of cathode materials were used in [...]
SEOUL, Aug. 23 (Korea Bizwire) — LG Chem Ltd., South Korea’s top electric vehicle (EV) battery maker, has signed a deal with an affiliate of China’s largest lithium producer to secure a key material used for EV batteries, industry sources said Friday. According to the sources, LG Chem inked the deal to secure lithium hydroxide [...]
SEOUL, Aug. 20 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Tuesday it plans complete the development of a battery recycling technology by the end of this year to beef up its competitiveness in the industry. SK Innovation said it is working to find solutions to [...]
SEOUL, Jul. 9 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, will try to quintuple its electric vehicle (EV) battery business by 2024, the company’s CEO said Tuesday, as it aims to become a top five player in the industry. LG Chem CEO Shin Hak-cheol said the company is targeting 59 trillion [...]
SEOUL, Jun. 13 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Thursday it will establish an electric vehicle (EV) battery joint venture (JV) with Geely Automobile Holdings Ltd. in China in a push to tap deeper into the neighboring country’s fast-growing EV market. Under their agreement signed in Ningbo, Zhejiang province, [...]
SEOUL, Apr. 4 (Korea Bizwire) — SK Innovation Co., a latecomer to the electric vehicle battery market, joined the ranks of the world’s top 10 players in terms of sales, industry data showed Thursday. According to the data by SNE Research, a market researcher on renewable energy, SK Innovation, also the country’s leading oil refiner, [...]
SEOUL, Apr. 2 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker, has signed a deal to secure a key material used for high-capacity EV batteries, industry sources said Tuesday. According to the sources, SK Innovation has signed the deal to secure lithium hydroxide from Tianqi Lithium Kwinana (TLK), in Australia, [...]
SEOUL, Mar. 20 (Korea Bizwire) — SK Innovation Co. said Wednesday it has broken ground for an electric vehicle (EV) battery plant in the United States. South Korea’s top energy-chemical business group said in November it will invest 1.14 trillion won (US$1.01 billion) to build the 9.8 gigawatt-hour capacity battery plant in the city of [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korean electric car battery makers such as LG Chem Ltd. are jacking up their investment to strengthen their standing in the global market, industry sources said Thursday. Late last year, LG Chem, the country’s leading electric vehicle (EV) battery manufacturer, announced investments totaling 3 trillion won (US$2.67 billion). [...]