SEOUL, May 25 (Korea Bizwire) — Hyundai Motor Group has launched a string of pilot projects to ensure better prediction of an electric vehicle (EV)’s battery lifespan by creating digital twins of actual electric vehicles. The group said Tuesday it has carried out a proof of concept for the development of an EV battery lifespan [...]
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, [...]
SEOUL, March 14 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday it has signed an initial deal with U.S. carmaker Ford Motor Co. and Turkish conglomerate Koc Holding A.S. to build an electric vehicle (EV) battery plant in Turkey in its latest move for overseas expansion. The three companies inked the [...]
SEOUL, March 14 (Korea Bizwire) — South Korean steelmaker POSCO said Monday it has broken ground for a plant that will produce sold-state electrolyte (SSE), a key component in solid-state batteries. The plant in Yangsan, about 420 kilometers southeast of Seoul, will be able to produce 24 tons annually from the second half of the [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Tuesday it will together spend US$2.1 billion with U.S. General Motors Co. to build another electric vehicle (EV) battery factory in America. LGES and GM are expected to chip in half of the amount each through their U.S.-based joint [...]
SEOUL, Dec. 22 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Wednesday it has signed an initial pact with Chinese electric vehicle maker BYD Auto Co. for EV battery development. SsangYong Motor on Tuesday signed a memorandum of understanding with BYD Auto to develop car [...]
SEOUL, Nov. 10 (Korea Bizwire) — POSCO Chemical Co., a unit of South Korean steel giant POSCO, said Wednesday it plans to acquire a 15 percent stake in a Chinese manufacturer of artificial graphite anode material as part of efforts to bolster its battery materials business. The decision, reached at a board meeting earlier in [...]
SEOUL, Oct. 25 (Korea Bizwire) — POSCO Chemical Co., a unit of South Korea’s steel giant POSCO, said Monday it has signed a deal with a Norwegian electric vehicle (EV) battery maker on development and supply of key EV battery components in a bid to tap deeper into the European market. Under the contract with [...]
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 [...]
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 [...]