SEOUL, June 16 (Korea Bizwire) – LS Corp., the holding company of electric power equipment enterprise LS Group, said Friday it is teaming up with a local battery materials producer to build a plant in South Korea for battery precursors. LS Corp. said it and L&F Corp., a Daegu-based producer of cathodes for lithium-ion batteries, [...]
SEOUL, June 2 (Korea Bizwire) — POSCO Future M Co. said Friday it has agreed with U.S. General Motors Co. to build a facility to manufacture precursors, expanding the joint venture into the intermediate battery material. Ultium CAM, the joint venture between the two companies, will seek to complete the precursor plant by 2026, in [...]
SEOUL, March 23 (Korea Bizwire) — South Korean battery maker SK On Co. said Thursday it is forming a joint venture with two battery component partners to build a precursor manufacturing facility on the country’s southwest coast. SK On will sign an investment agreement with EcoPro Co. and China’s Green Eco-Manufacture (GEM) on Friday, under [...]
SEOUL, June 2 (Korea Bizwire) — LG Chem Ltd., a leading chemical company, said Thursday it is building a battery precursor plant in South Korea with a raw battery materials producer in an effort to secure a stable supply of key components for electric vehicle batteries. The joint venture agreement with Kemco, a nickel sulfate [...]