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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 [...]

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. [...]