SEOUL, Aug. 3 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, became the largest supplier of electric vehicle (EV) batteries in the first half of the year, data showed Monday. Based on the global usage of EV batteries, LG Chem’s market share stood at 24.6 percent in the January-June period, up from [...]
SEOUL, July 17 (Korea Bizwire) — SK Holdings Co. said Friday it has invested an additional 100 billion won (US$83 million) in Chinese copper foil manufacturer Lingbao Wason Copper Foil in the latest move to solidify its electric vehicle (EV) battery business. The move came 15 months after the holding firm of South Korean energy [...]
SEOUL, June 29 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, will invest another US$940 million in expanding its electric vehicle (EV) battery plant in the United States, a U.S. official has said. Georgia Gov. Brian P. Kemp said the new project is in addition to SK Innovation’s $1.67 billion [...]
SEOUL, June 16 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, overtook domestic rival Samsung SDI Co. to become the fifth-largest supplier of electric vehicle (EV) batteries for the first time, data showed Tuesday. Based on the global usage of EV batteries, SK Innovation’s market share stood at 3.5 percent [...]
SEOUL, May 14 (Korea Bizwire) — POSCO Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Thursday it has expanded production capacity of cathode material, a key component for electric vehicle (EV) batteries. POSCO Chemical said the move will boost its annual production capacity of cathode to 30,000 tons from the previous [...]
SEOUL, April 28 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, said Tuesday that it will invest US$727 million in building its second electric vehicle (EV) battery plant in the United States. The investment in SK Battery America, which is wholly owned by SK Innovation, is meant to further boost [...]
SEOUL, April 27 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemical company, said Monday that it will invest about 65 billion won (US$53 million) to boost production of carbon nanotubes. The investment is set to be completed at the Yeosu plant, about 455 kilometers south of Seoul, by March next year, which would [...]
SEOUL, April 20 (Korea Bizwire) — SK Innovation Co., a major energy and chemical company in South Korea, said Monday that it will supply electric vehicle (EV) batteries to its Chinese partner, Beijing Automotive Group (BAIC Group). BAIC’s MARK 5, set to be released in the second half of this year, will be powered by [...]
SEOUL, March 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it has shuttered its electric vehicle battery plant in the United States due to the novel coronavirus pandemic. Samsung SDI Co., a South Korean manufacturer of electric vehicle and smartphone batteries, also said it has closed its battery pack [...]
SEOUL, March 10 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its researchers have developed an advanced battery technology that can boost performance of electric vehicles (EVs). Samsung’s study on new all-solid-state battery technology was presented to Nature Energy, one of the world’s leading scientific journals, the South Korean tech giant said. Compared with lithium-ion [...]