SEOUL, Jan. 4 (Korea Bizwire) — South Korean electric vehicle (EV) battery makers performed poorly in the world market in 2018 compared to their Japanese and Chinese rivals, a report showed Friday. Global shipments of EV battery products came to 76,950 megawatt-hours (MWh) in the first 11 months of last year, up a whopping 72.8 [...]
SEOUL, March 6 (Korea Bizwire) – SK Innovation Co., the country’s top oil refiner, said Monday that its board of directors has approved a proposal to double the company’s electric vehicle (EV) battery production capacity, in order to meet growing demand. The proposal calls for the construction of two EV battery production lines, which will [...]
SEOUL, Sept. 26 (Korea Bizwire) – LG Chem Ltd., a South Korean chemicals company, aims to post annual sales of 7 trillion won (US$6.3 billion) in electric car batteries in 2020, according to the company Sunday. Helped by a growing demand for electric car batteries, LG Chem expects to post 3.7 trillion won in annual [...]
SEJONG, Sept. 21 (Korea Bizwire) – South Korea will invest 43 billion won (US$38.4 million) in developing a new electric vehicle (EV) battery with a range of some 400 kilometers per charge by 2020 in order to foster the clean energy sector as a new growth engine, the trade ministry said Wednesday. The government and [...]
SEOUL, March 17 (Korea Bizwire) – SK Innovation Co., the country’s top oil refiner, said Thursday that it plans to expand its electric vehicle (EV) battery production capacity to meet growing demand. According to the company, the annual production at its first EV facility in Seosan, some 150 kilometers south of Seoul, will be increased to [...]
SEOUL, Feb. 17 (Korea Bizwire) – SK Innovation Co., South Korea’s top refiner, said Wednesday that it has finalized a deal to supply its electric vehicle (EV) battery to Benz’s EV cars starting from 2017, the latest in a series of its EV battery supply deals. SK Innovation, a latecomer to the EV battery business, [...]
SEOUL, Sept. 30 (Korea Bizwire) — Volkswagen’s diesel emission scandal is showing no signs of a letup, even whacking other automakers, but there is one bright point: electric vehicle (EV) battery makers. South Korean EV battery makers led by LG Chem Ltd. are poised to benefit from the diesel emission fiasco as demand for vehicles [...]
SEOUL, Aug. 17 (Korea Bizwire) – By signing a deal to supply batteries for electric vehicles (EV) to the largest automaker in China, LG Chem will accelerate its advance into the emerging EV market. The leading chemicals and battery maker in Korea announced on August 16 that it had signed an agreement with Changan Automobile to supply [...]