ULSAN, Oct. 16 (Korea Bizwire) — New electric battery technology developed by South Korean researchers will enable electric vehicles (EVs) to travel up to 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 Wednesday that it had [...]
JEJU, Oct. 6 (Korea Bizwire) — Along with an increase in the number of electric vehicle (EV) battery breakdowns and accidents, consumer anxiety is growing about the repair cost of EVs, which sometimes adds up to tens of millions won. Late last month, an electric version of the Kona subcompact SUV caught fire while being [...]
SEOUL, Oct. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, topped global electric vehicle (EV) battery sales from January to August, a local market research firm said Monday. LG Chem accounted for a 25 percent share of the global EV battery market, in which a total of 64.7 gigawatt-hours (GWh) of [...]
SEOUL, Sept. 27 (Korea Bizwire) — The U.S. International Trade Commission (ITC) has voiced support for LG Chem Ltd.’s call for sanctions on its rival SK Innovation Co. in connection with a legal dispute over battery patents, LG Chem said Sunday. In response to LG Chem’s request for the issuance of an order sanctioning SK [...]
SEOUL, Sept. 8 (Korea Bizwire) — Hyundai Motor Group and electric vehicle (EV) battery maker SK Innovation Co. said Tuesday they will cooperate in the EV battery business for win-win synergies. The battery partnership comes as Hyundai and SK Innovation seek to foster future mobility solutions and EV batteries as new growth drivers, respectively. The [...]
SEOUL, Sept. 7 (Korea Bizwire) — SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, is considering building its third battery plant in Hungary to meet growing demand for EV batteries amid the global race for zero-emissions cars. “We have launched certain processes, such as looking for a candidate site” for the [...]
SEOUL, Sept. 4 (Korea Bizwire) — SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, denied Friday that it destroyed documents related to an EV battery patent case in the latest tit-for-tat ahead of a crucial verdict in the United States. SK Innovation claimed it developed the 994 patent, while LG Chem [...]
SEOUL, Sept. 2 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, became the largest supplier of electric vehicle (EV) batteries in the first seven months of this year, data showed Tuesday. Based on the global usage of EV batteries, LG Chem’s market share stood at 25.1 percent in the January-July period, compared [...]
SEOUL, Aug. 27 (Korea Bizwire) — A Seoul court on Thursday ruled in favor of LG Chem Ltd. against its rival SK Innovation Co. in an electric vehicle (EV) battery patent case. The Seoul Central District Court turned down a civil lawsuit as well as damage compensation filed by SK Innovation against LG Chem in [...]
SEOUL, Aug. 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals firm, is seeing its electric vehicle (EV) battery business in full swing on the back of rising orders, industry sources said Monday. The company’s EV battery business posted 5.08 trillion won in sales in the first half of the year, accounting for [...]