SEOUL, Oct. 15 (Korea Bizwire) — SK Global Chemical Co., a chemical affiliate of South Korea’s energy giant SK Innovation Co., said Tuesday it will acquire French chemical firm Arkema S.A.’s functional polyolefins business for 335 million euros (US$369 million) in the latest move to boost its packaging business. SK Global Chemical said the acquisition [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean battery makers such as No. 1 player LG Chem Ltd. are likely to deliver weaker-than-expected earnings for the third quarter due to weak performance in their chemicals and battery business sectors, industry sources said Sunday. LG Chem, the country’s top chemical firm, is expected to have logged [...]
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. 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 [...]
SEOUL, Sept. 15 (Korea Bizwire) — SK Innovation Co. of South Korea has been picked to supply a battery pack for Ferrari’s first plug-in hybrid electric vehicle (PHEV), industry sources said Sunday. After two years of tests of various products, the Italian luxury sports carmaker has chosen SK Innovation as the supplier of the lithium-ion [...]
SEOUL, Sept. 8 (Korea Bizwire) — Chief executives of LG Chem Ltd. and SK Innovation Co. — two South Korean electric vehicle battery makers — are expected to meet later this month to make a breakthrough in their legal standoff over EV battery patents, industry sources said Saturday. LG Chem CEO Shin Hak-cheol and SK [...]
SEOUL, Aug. 30 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Friday it will file lawsuits against its local rival LG Chem Ltd. and LG Electronics Inc. in the United States for patent infringement over EV battery technology. SK Innovation said it plans to file lawsuits [...]
SEOUL, Aug. 20 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Tuesday it plans complete the development of a battery recycling technology by the end of this year to beef up its competitiveness in the industry. SK Innovation said it is working to find solutions to [...]
SEOUL, Aug. 15 (Korea Bizwire) – SK Innovation Co., South Korea’s biggest refiner, said Thursday it will borrow 800 billion won (US$658 million) overseas by next year to invest in car battery and battery separator plants. SK Innovation has increased in the battery business as it sees a new growth driver for the country’s third-biggest [...]