SEOUL, Dec. 3 (Korea Bizwire) — South Korean researchers have developed a new electric vehicle (EV) battery that enables an EV to travel approximately 1,000 kilometers on a single charge. A joint research team from the Ulsan National Institute of Science and Technology and the Samsung Advanced Institute of Technology announced said it had resolved [...]
SEOUL, Dec. 3 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, is considering buying stakes in graphite mines in Australia and Mozambique, a person familiar with the matter said Thursday. The move is part of POSCO’s efforts to diversify import sources of graphite, a material required in making anodes, he said. An anode [...]
SEOUL, Dec. 1 (Korea Bizwire) — LG Chem Ltd.’s battery business officially launched its standalone company Tuesday to take a bigger chunk of the growing battery market, but a bumpy road lies ahead to stay on top of the highly competitive industry. Kim Jong-hyun, who served as president of LG Chem’s battery unit, takes the [...]
SEOUL, Oct. 30 (Korea Bizwire) — LG Chem Ltd. was the world’s biggest supplier of electric vehicle (EV) batteries in the first nine months of this year thanks to robust demand from global automakers, a market research firm said Friday. South Korea’s largest chemical company accounted for a 24.6 percent share of the global EV [...]
SEOUL, Oct. 27 (Korea Bizwire) — SK Nexilis, a specialist in the production of copper foil, a core component for the batteries of electric vehicles (EVs), announced that it is on track to expand factory output as well as to establish new production lines overseas. This move came after the demand for copper foil increased [...]
SEOUL/WASHINGTON, Oct. 26 (Korea Bizwire) — A U.S. trade panel on Monday postponed its final decision on a high-stakes trade secret case involving two South Korean electric vehicle battery markers — LG Chem Ltd. and SK Innovation Co. — to early December. The delay marks the second of its kind after the U.S. International Trade [...]
POHANG, Oct. 20 (Korea Bizwire) — New technology developed by South Korean researchers can charge an electric vehicle (EV) to 90 percent in less than six minutes. A joint research team from Pohang University of Science and Technology (POSTECH) and Sungkyunkwan University announced Monday that they had developed EV battery technology that enables faster and more [...]
SEOUL, Oct. 19 (Korea Bizwire) — LG Chem Ltd. and SK Innovation Co. — South Korea’s top two electric vehicle battery makers — appear unlikely to produce a breakthrough in their high-stakes trade secret case over EV batteries ahead of next week’s final ruling in the United States, industry officials said Monday. A key issue [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea on Monday eased regulations to allow for environment friendly ways to utilize used batteries from electric vehicles. The approval came as the number of scrapped EV batteries is anticipated to increase sharply down the road with the country’s green energy drive, which centers on promoting EVs and [...]
SEOUL, Oct. 17 (Korea Bizwire) — Electric vehicle (EV) battery producers in South Korea are growing anxious as Hyundai Motor Co. as well as foreign automakers are experiencing safety issues with EV batteries. The U.S. National Highway Traffic Safety Administration is reportedly carrying out investigations into three fires caused by General Motors Co.’s Chevrolet Bolt [...]