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S. Korea Seeks to Supercharge Electric Future with Next-level Batteries

S. Korea Seeks to Supercharge Electric Future with Next-level Batteries

SEOUL, July 8 (Korea Bizwire) — To get faster to an electric future, automakers need lighter, faster-charging batteries, and South Korea wants to take a leading role in the global battery race amid a major technological shift in the automotive industry. South Korea, China and Japan produce most of the world’s EV batteries, but auto [...]

S. Korean Battery Trio to Showcase Future EV Battery Tech at InterBattery 2021

S. Korean Battery Trio to Showcase Future EV Battery Tech at InterBattery 2021

SEOUL, June 8 (Korea Bizwire) — Three Korean battery makers are set to showcase their next-generation battery products and technologies at a major industry fair to get ahead in the toughening competition in the fast growing electric vehicle battery market, the companies said Tuesday. LG Energy Solution Ltd., Samsung SDI Co., and SK Innovation Co. [...]

S. Korean EV Industry Embraces Second Life for Used Batteries

S. Korean EV Industry Embraces Second Life for Used Batteries

SEOUL, May 7 (Korea Bizwire) — As electric vehicle sales are growing in South Korea, one big issue coming in the foreseeable future is what to do with rechargeable batteries that outlive their useful life for a vehicle. Lithium-ion batteries, a key component that determines an EV’s driving range and performance, inevitably degrade with time [...]

After Settlement with LG, SK Innovation Shifts into Full Gear for EV Battery Biz

After Settlement with LG, SK Innovation Shifts into Full Gear for EV Battery Biz

SEOUL, April 25 (Korea Bizwire) — SK Innovation Co., South Korea’s refinery-to-battery maker, is back in the driver’s seat to propel its electric vehicle battery business with stake sales and a planned listing of its subsidiary as its recent settlement with LG Energy Solution Ltd. cleared prolonged business uncertainties. The subsidiary of the nation’s No. [...]