LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells

LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...

SK Innovation to focus on small reactors, batteries, waste recycling

SK Innovation Co., the refinery and chemicals unit of South Korea’s second-largest conglomerate SK, is accelerating a shift toward eco-friendl...

LG Energy, German institutes to jointly research advanced batteries

The world’s second-largest battery maker LG Energy Solution Ltd. has teamed up with two German research institutes to develop next-generation ...

LG Chem, Korea Zinc affiliate KEMCO to launch battery precursor JV

South Korea’s top chemicals company LG Chem Ltd. and the world’s largest zinc and lead smelter Korea Zinc Co. have agreed to launch a ba...

LG Chem to launch JV with China's Huayou Cobalt for battery materials

LG Chem Ltd. announced Tuesday it will set up a joint venture with Chinese mining company Zhejiang Huayou Cobalt Co. to secure a steady supply of ra...

Why batteries were left out of Samsung's huge investment plan

Citigroup Global Markets on Monday slashed its target price for Samsung SDI Co., one of South Korea's top three battery makers, by almost half and d...

SK On to bolster US business with Ford's EV pickup truck sales

SK On Co., South Korea’s leading electric vehicle battery manufacturer, is expected to improve production capacity as its client Ford Motor Co...

POSCO, GM JV inks battery materials supply deal worth $16 bn

South Korea’s POSCO Chemical Co. and General Motors Co. on Friday agreed to set up a joint venture that will supply about 20 trillion won ($16...

POSCO Group looks to treble corporate value by 2030

South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...

LG bets $34 bn on battery, automotive electronics biz for its future

LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...

SK takes aim at chips, batteries, bio with $195 billion investment

SK Group, South Korea’s second-largest conglomerate after Samsung, on Thursday announced a plan to invest 247 trillion won ($195 billion) in k...

Samsung SDI, Stellantis pick Indiana for US EV battery plant

Samsung SDI Co., the world’s sixth-largest battery maker, and Dutch-domiciled multinational automaker Stellantis N.V. picked the state of...

LG Energy, SK On to add prismatic types to EV cell lineups

LG Energy Solution Ltd. and SK On Co., the world’s No. 2 and No. 5 battery makers, respectively, are set to add prismatic batteries to their l...

SK On bolsters M&A team with new executive hires

SK On Co., an electric vehicle battery maker of SK Innovation Co., is bolstering its M&A team by hiring M&A experts from a leading law firm ...

Korea’s Iljin to build $391 mn battery materials plant in Spain

South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...

SK On to build $2.3 bn EV battery plant for Hyundai in US

SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...

LG Energy completes LFP battery development for Tesla

South Korea’s LG Energy Solution Ltd., the world’s No. 2 battery producer, boosted its muscle to court industry leader China’s Con...

LG Energy begins joint research on smart factory tech with elite institute

LG Energy Solution Ltd. and Pohang-based Research Institute of Industrial Science and Technology (RIST) announced Wednesday they will embark on join...

POSCO to invest $20 billion in battery materials to rival Chinese firms

POSCO Group, which owns South Korea’s largest steelmaker, plans to invest 25 trillion won ($20 billion) to secure a stable supply of key raw m...

Korea’s SFA Engineering aims for top spot in smart factory market

SFA Engineering Corp., a small South Korean equipment maker, has for decades been known for its automated machines used in the manufacture of displa...

Korea’s new govt. aims to export 10 nuclear power plants

South Korea’s incoming administration seeks to export 10 nuclear power plants by 2030 as President-elect Yoon Suk-yeol pledged to rescind the ...

Hyundai Motor, battery firms strive to limit China lockdown disruptions

The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...

LG Energy to spend more on battery capacity expansion

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to spend more on global capacity expansion than init...

Lotte Chemical, Soelect in $200 million JV for advanced batteries

South Korea’s Lotte Chemical Corp. is advancing into the electric vehicle battery market by forming a $200 million joint venture with US batte...

LG Chem, Korea Zinc to set up battery material JV

LG Chem Ltd. and Korea Zinc Inc. will set up a joint venture to produce precursor, a key material in the production of cathode materials for electri...

SK On bidders weigh growing risks of battery makers

Some of the four shortlisted bidders for South Korea's SK On Co. recently went back to the drawing board to assess the value of the world's No. 5 el...

LG Energy-led group to set up $9 bn Indonesia battery value chain

A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...

China’s tighter grip on minerals boosts costs for Korean battery makers

South Korea’s major battery makers and materials suppliers are suffering from soaring battery raw materials prices as China is tightening its ...

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...

POSCO Chem breaks ground for battery material plant

South Korea’s POSCO Chemical Co. started construction of a battery material plant in the country as a part of its plan to boost production cap...