SEOUL, Feb. 25 (Korea Bizwire) — South Korean battery makers are facing uncertainty over their businesses on safety issues and legal disputes amid an intensifying competition for the booming market as automakers rush to go all electric. Three manufacturers — LG Energy Solution Ltd., Samsung SDI Co. and SK Innovation Co. — are well-positioned suppliers [...]
SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Glovis Co. has developed an exclusive container that enables dead electric vehicle (EV) batteries to be transported in an economically efficient manner. The logistics unit of Hyundai Motor Group announced on Wednesday that it acquired a patent for a Platform Container that is designed to transport a variety [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Friday it will invest 1.3 trillion won (US$1.2 billion) in its Hungary subsidiary to expand its electric vehicle battery production in Europe. SK Innovation said its investment in SK Battery Hungary Kft. is aimed at building “a new battery factory [...]
SEOUL, Jan. 6 (Korea Bizwire) – SK Innovation Co., a South Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won (US$1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the United States, officials said Wednesday. SK battery America Inc., the Korean firm’s U.S. subsidiary, will issue the green bond, [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s three electric vehicle (EV) battery makers are expected to report robust or improved fourth-quarter earnings results on growing demand for electrified vehicles, analysts said Sunday. LG Energy Solutions Ltd., SK Innovation Co. and Samsung SDI Co. likely performed well in the October-December period as carmakers are adding [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. was the second-biggest supplier of electric vehicle (EV) batteries in the first 11 months of the year following China’s CATL, a market research firm said Thursday. LG Energy Solution, which spun off from LG Chem Ltd. earlier this month, shipped 26.4 [...]
SEOUL, Dec. 14 (Korea Bizwire) — SK Innovation Co. has invested in an electric vehicle (EV) battery plant in China in the latest move to boost its production capacity amid growing demand for zero-emission cars in the world’s largest auto market, people familiar with the matter said Monday. The South Korean EV battery maker acquired [...]
SEOUL, Dec. 10 (Korea Bizwire) — A group of South Korean researchers poached by a Chinese company which is now transforming itself from property developer to electric vehicle (EV) and battery maker have turned out to be playing a key role in the rapid growth of the Chinese company. Industry experts warn that China’s poaching [...]
WASHINGTON/SEOUL, Dec. 9 (Korea Bizwire) — A U.S. trade panel on Wednesday again postponed a much-awaited ruling on a trade secret dispute involving South Korean battery makers LG Energy Solution Ltd. and SK Innovation Co. to Feb. 10. The U.S. International Trade Commission (ITC) postponed the final ruling slated for Dec. 10 without elaborating on [...]
SEOUL, Dec. 9 (Korea Bizwire) — Posco Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Wednesday it will provide a key element for Ultium Cells’ rechargeable batteries for electric vehicles (EVs). Posco Chemical said it will supply cathodes, one part of lithium-ion batteries used in EVs, to Ultium Cells, a battery [...]