SEOUL, March 3 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it has acquired a Turkish television assembly factory in Poland for US$31.4 million to expand its plant for electric vehicle (EV) batteries. LG Chem signed the deal with Turkish electronics and appliance maker Vestel last month, a company official [...]
SEOUL, March 2 (Korea Bizwire) — The market share of South Korea’s major electric vehicle (EV) battery producers reached a record high last month, industry data showed Monday. Based on the global usage of their EV batteries, the combined market share of three South Korean EV battery makers — LG Chem Ltd., Samsung SDI Co. [...]
SEOUL, Feb. 16 (Korea Bizwire) — The U.S International Trade Commission (ITC) has made a preliminary ruling in favor of LG Chem Ltd. over its local rival SK Innovation Co. in their electric vehicle (EV) battery trade secret litigation, officials here said Sunday. “This preliminary ruling means that the ITC accepted LG Chem’s claims and [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korea’s major electric vehicle (EV) battery producers increased their market share in 2019 from a year earlier in line with increased global EV battery use, industry data showed Monday. Based on the global usage of their EV batteries, the combined market share of three South Korean EV battery [...]
SEOUL, Dec. 6 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday it will establish a 50:50 joint venture with General Motors to build a battery cell assembly plant in the world’s most important automobile market amid a global push for zero emissions. LG Chem and GM said they will invest [...]
SEOUL, Dec. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Thursday it will invest US$916 million in its U.S. affiliate for a plan to set up an electric vehicle (EV) battery manufacturing joint venture with General Motors in the United States. Earlier in the day, Reuters reported that the two [...]
SEOUL, Sept. 27 (Korea Bizwire) – SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, will establish a joint venture to produce EV batteries in China, industry sources said Friday. According to the sources, Chinese battery firm EVE Energy Co. has approved a plan to set up the EV battery joint [...]
SEOUL, Sept. 27 (Korea Bizwire) – LG Chem Ltd. said Friday it has filed additional lawsuits against local rival SK Innovation Co. in the United States over electric vehicle (EV) battery patents, upping the stakes of their month-long legal row. LG Chem said it filed a pair of lawsuits with the U.S. International Trade Commission [...]
SEOUL, Sept. 17 (Korea Bizwire) — Global competition for electric vehicle (EV) batteries has countries and companies battling to attract top talent. In particular, concerns over technology leaks are growing as battery manufacturers in China, Europe and other countries have been attempting to woo Korean workers. Companies are offering high salaries targeting skilled Korean talent. [...]
SEOUL, Sept. 16 (Korea Bizwire) — The chief executives of LG Chem Ltd. and SK Innovation Co. — two South Korean electric vehicle (EV) battery makers — met Monday to make a breakthrough in their legal battles over EV battery patents but apparently failed to find common ground. LG Chem CEO Shin Hak-cheol met with [...]