SEOUL, Jul. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals maker, will start supplying lithium-ion batteries for NASA’s spacesuits in the second half of the year, the company said Monday. The contract with NASA marked the first such deal for a Korean company, LG Chem said. LG Chem said its new battery’s [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korea’s leading chemicals and electric vehicle battery maker LG Chem Co. and its local rival Samsung SDI Co. have outpaced global players in terms of strategy and execution in the electric vehicle (EV) battery industry, a report showed Monday. In a survey on eight EV battery manufacturers, LG [...]
SEOUL, Nov. 24 (Korea Bizwire) - LG Chem Co., South Korea’s top chemicals and battery maker, said Tuesday that it has signed a deal to provide an energy storage system (ESS) for a local wind power generation complex in the country. Under the deal with private power generator GS E&R, LG Chem will supply the system [...]
SEOUL, Oct. 4 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemicals and battery maker, said Sunday that it has signed a deal to supply lithium-ion (EV) batteries to golf carts made by Japan’s Yamaha Motors Company. Under the contract, LG Chem will supply Yamaha Motors with lithium-ion batteries for its golf carts starting [...]
SEOUL, Sept. 30 (Korea Bizwire) — Volkswagen’s diesel emission scandal is showing no signs of a letup, even whacking other automakers, but there is one bright point: electric vehicle (EV) battery makers. South Korean EV battery makers led by LG Chem Ltd. are poised to benefit from the diesel emission fiasco as demand for vehicles [...]
SEOUL, Aug. 17 (Korea Bizwire) – By signing a deal to supply batteries for electric vehicles (EV) to the largest automaker in China, LG Chem will accelerate its advance into the emerging EV market. The leading chemicals and battery maker in Korea announced on August 16 that it had signed an agreement with Changan Automobile to supply [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s LG Chem and Samsung SDI have outpaced global rivals in terms of strategy and execution in the energy storage system (ESS) battery industry, a report showed Monday. LG Chem led the corporate assessment in the ESS segment with a total score of 84, trailed by Samsung SDI with 83.5, [...]
SEOUL, June 28 (Korea Bizwire) — LG Chem, South Korea’s leading chemical and battery maker, said Sunday it has developed the world’s first hexagonal battery for smartwatches, adding its mass production will begin in the near future. The company said the hexagon-shaped model boasts 25 percent higher capacity compared to traditional rectangular versions, allowing users [...]
SEOUL, June 8 (Korea Bizwire) – South Korean companies are rushing to step up their emergency response efforts to better protect their employees from Middle East Respiratory Syndrome (MERS), which is showing signs of a wide spread in South Korea. South Korea remains gripped by the potentially deadly disease that has claimed six lives so far [...]
SEOUL, May 27 (Korea Bizwire) — LG Chem, South Korea’s leading chemicals and battery maker, will team up with U.S. energy giant Duke Energy to build a battery-based energy storage system at a retired coal power plant in Ohio, the companies said Wednesday. LG Chem said it will provide the operating system and batteries for the [...]