North American battery plant
Scope
Date
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Electric vehicles
Global EV race kicks off with key players investing $168 bn
The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...
Jul 11, 2021 (Gmt+09:00)
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Batteries
SK IE Technology throned as top battery materials stock on Korean bourse
SK IE Technology Co. (SKIET), a unit of SK Innovation Co., has climbed to the top ranking among battery materials makers in terms of market capitali...
Jul 09, 2021 (Gmt+09:00)
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Batteries
POSCO Chemical to bolster EV presence with 60,000-ton cathode plant
POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...
Jul 08, 2021 (Gmt+09:00)
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Batteries
Korea unveils $35 billion battery investment plan to catch up to China
South Korea’s major battery makers have pledged to invest 40.6 trillion won ($35.4 billion) in the electric vehicle battery industry over the ...
Jul 08, 2021 (Gmt+09:00)
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Batteries
Korean battery SMEs rush for money to expand capacity
South Korean rechargeable battery-related companies are jumping into capital markets to raise money for capacity expansion as the fast-growing ele...
Jul 08, 2021 (Gmt+09:00)
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Batteries
Hyundai Motor invests $100 mn in US battery startup SES
Hyundai Motor Co. is set to invest $100 million in US-based electric vehicle battery startup SolidEnergy Systems (SES) to obtain next-generation tec...
Jul 04, 2021 (Gmt+09:00)
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Future mobility
LG invests $88 mn in Kakao Mobility as both seek new growth opportunities
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...
Jul 02, 2021 (Gmt+09:00)
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Batteries
SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener
South Korea’s SK Innovation Co. said on Thursday it is considering a spin-off of its battery business and listing the separated entity on the ...
Jul 01, 2021 (Gmt+09:00)
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Biotech
Seegene develops one-stop COVID-19 testing lab on wheels; eyes MENA expansion
South Korea-based diagnostic kit maker Seegene Inc. has developed a mobile diagnostic and testing lab that offers a one-stop solution for COVID-19 t...
Jun 25, 2021 (Gmt+09:00)
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Korean chipmakers
DB HiTek in quandary over foundry ramp-up amid chip supercycle
DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...
Jun 23, 2021 (Gmt+09:00)
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Hydrogen economy
Hyosung, Linde kick off building world’s largest liquid hydrogen plant
Hyosung Group has once again made a key step forward in achieving its long-term ambition to become South Korea’s corporate leader in the hydro...
Jun 21, 2021 (Gmt+09:00)
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Chemical Industry
Kolon expands hydrocarbon resins production, becomes global No.2 maker
South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...
Jun 21, 2021 (Gmt+09:00)
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Chief Executives
LG undergoes restructuring under young Chairman Koo's bold leadership
On June 29, LG Group Chairman Koo Kwang-mo will reach a three-year mark of serving as the head of South Korea's fourth-largest conglomerate. This ye...
Jun 20, 2021 (Gmt+09:00)
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Batteries
LG Energy supplies batteries to world’s largest Vistra ESS project
South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US p...
Jun 17, 2021 (Gmt+09:00)
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Batteries
Samsung SDI mulls EV battery JV in US; partnership with global automaker
Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...
Jun 09, 2021 (Gmt+09:00)
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Batteries
LG Energy, POSCO invest $15 mn in Aussie battery material supplier
South Korea’s LG Energy Solution Ltd. and POSCO have agreed to invest a combined 17 billion won ($15 million) in Australia's Queensland Pacifi...
Jun 08, 2021 (Gmt+09:00)
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ESG
Korea’s corporate HQ buildings are becoming clean power generators
ESG is one of the most frequently mentioned keywords in South Korea today. It stands for environmental, social and corporate governance, the three...
Jun 04, 2021 (Gmt+09:00)
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Business & Politics
LG Electronics expands overseas appliance plants as it exits phone business
LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...
Jun 02, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung loses ground in foundry market as TSMC ties in with Japanese firms
Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...
Jun 01, 2021 (Gmt+09:00)
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Deals
Naver, CJ ENM join forces to acquire Korea's No.3 web novel platform
South Korea’s platform giant Naver Corp. has joined forces with CJ Group to acquire the country's leading web novel platform Munpia Inc. in a ...
May 28, 2021 (Gmt+09:00)
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Batteries
SK Nexilis, POSCO move forward with EV battery materials projects
With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...
May 27, 2021 (Gmt+09:00)
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Buyout funds
KKR's flagship fund attracts $400 mn from NPS, Korea Post
KKR & Co. has attracted a combined $400 million from the National Pension Service and Korea Post for its latest flagship fund that raised $18.5 ...
May 21, 2021 (Gmt+09:00)
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Batteries
SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US
South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...
May 20, 2021 (Gmt+09:00)
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Earnings
SK Innovation eyes strong battery orders after returning to Q1 profit
SK Innovation Co., a major South Korean oil refiner and battery maker, has returned to an operating profit in the first quarter, boosted by gains in...
May 13, 2021 (Gmt+09:00)
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Batteries
Korea’s major firms look for M&A targets in battery materials business
South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...
May 06, 2021 (Gmt+09:00)
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Earnings
Samsung SDI Q1 sales at all-time high, says VW’s battery move long shot
Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, saw its first-quarter revenue profit jump on solid demand with its ...
Apr 27, 2021 (Gmt+09:00)
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Earnings
Samsung SDI Q1 sales at all-time high, says VW’s battery move long shot
Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, saw its first-quarter revenue profit jump on solid demand with its ...
Apr 27, 2021 (Gmt+09:00)
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EV batteries
Copper foil maker raises $700 mn funding to build Europe plant
South Korea's Iljin Materials Co., which produces copper foils for rechargeable batteries and printed circuit boards (PCBs), has received 800 billio...
Apr 21, 2021 (Gmt+09:00)
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Batteries
GM, LG to build second US EV battery plant in Tennessee
LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...
Apr 19, 2021 (Gmt+09:00)
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Batteries
Hyundai Motor, SK Innovation join forces on hybrid car battery development
South Korea-based automakers Hyundai Motor Co., KIA Corp. and electric vehicle battery maker SK Innovation Co. have joined forces to jointly develop...
Apr 16, 2021 (Gmt+09:00)
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