US EV battery plant
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Date
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Bio & Pharma
Samsung Bioepis enters US market for biosimilars of Humira
South Korea's biopharmaceutical company Samsung Bioepis, which was expected to struggle on the US market for biosimilars of Humira, the world's top-...
Jul 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor premieres first high-performance EV IONIQ 5 N
The IONIQ 5 N – Hyundai Motor Co.'s first all-electric high-performance car under its N brand – made its world premiere on Thursday, wit...
Jul 13, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI to ramp up fighter jet share with FA-50 delivery to Poland
Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, started deliveries of fighter jets to Poland in a mo...
Jul 13, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung takes on Micron with new flash auto memory UFS 3.1
Samsung Electronics Co., the world’s largest memory chipmaker, has begun mass production of its latest flash memory chip, which the company sa...
Jul 13, 2023 (Gmt+09:00)
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Electric vehicles
Everon attracts $39 mn thanks to hot VC demand for EV charging
Everon, one of South Korea’s top three electric vehicle charging infrastructure and management service providers, raised 50 billion won ($39 m...
Jul 13, 2023 (Gmt+09:00)
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Business & Politics
American patent trolls target S.Korean companies
Over 80% of American companies that sued South Korean companies for patent infringement last year were non-practicing entities (NPE), or “pate...
Jul 13, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong's Nabota exceeds 600,000 customers in US
South Korea's Daewoong Pharmaceutical said on Thursday that its local loyalty program for Nabota (American name: Jeuveau) in the US, a botulinum tox...
Jul 13, 2023 (Gmt+09:00)
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Automobiles
EV9 SUV to be Kia’s 1st EV assembled in US
Kia Corp. will spend over $200 million to transform part of its assembly plant in the US state of Georgia to manufacture its second all-electric SUV...
Jul 13, 2023 (Gmt+09:00)
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Electronics
Samsung ties up with LG Display for 83-inch OLED TV in US
Samsung Electronics Co., the world’s top TV maker, has joined hands with its South Korean rival LG Display Co. for the large organic light-emi...
Jul 12, 2023 (Gmt+09:00)
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Hydrogen economy
Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power
South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...
Jul 12, 2023 (Gmt+09:00)
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Batteries
POSCO sharply lifts 2030 battery materials sales targets
South Korea’s POSCO Holdings Inc. on Tuesday sharply revised up its sales targets for rechargeable battery materials as it is aiming to join t...
Jul 11, 2023 (Gmt+09:00)
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Business & Politics
Korea revives nuclear power for its 2024-2038 energy plan
South Korea is slated to bring forward action steps on its power supply plan for the 2024-2038 period, with a possibility to review building more nu...
Jul 11, 2023 (Gmt+09:00)
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Batteries
S.Korea’s imports of LFP cathode reverses to growth after 8 years
South Korea's imports of cathode materials used to make lithium ferrophosphate (LFP) batteries in the first five months of this year rose for the fi...
Jul 11, 2023 (Gmt+09:00)
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Energy
LG Electronics to offer energy-saving services in US
South Korea's LG Electronics Inc. is set to bring its auto demand response (DR) service to the US, utilizing its smart home platform, LG ThinQ, the ...
Jul 10, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Engineering to enter EV charging maintenance, service market
South Korea’s Hyundai Engineering Co., the plant engineering and construction unit of Hyundai Motor Group, unveiled its ambitious plans on Mon...
Jul 10, 2023 (Gmt+09:00)
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Electric vehicles
Korea tops US eco-friendly car import rankings despite IRA disadvantage
South Korea retained its top spot in exports of eco-friendly vehicles including electric cars to the US in the first quarter despite challenges pose...
Jul 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor chairman visits Intel, seeking stable supply of chips
Hyundai Motor Group Chairman Chung Euisun toured Intel Corp.’s Leixlip Campus in County Kildare, Ireland last week to check out the latest tec...
Jul 10, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SKC acquires 45% stake in chip test firm ISC for $400 million
SKC Ltd., a South Korean chemical materials company, said on Friday it has acquired a 45% stake in semiconductor test equipment maker ISC Co., for 5...
Jul 07, 2023 (Gmt+09:00)
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Batteries
LG Energy triples lithium orders from SQM for US benefits
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, agreed to nearly triple lithium procurement from Sociedad ...
Jul 07, 2023 (Gmt+09:00)
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Debt financing
Hyundai-LG’s Indonesia battery financing chosen as Asia deal of 2022
The $711 million financing organized by Hyundai Motor Co. and LG Energy Solution Ltd. last year for their battery joint venture in Indonesia has bee...
Jul 06, 2023 (Gmt+09:00)
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Batteries
Deal reached on LG-Stellantis battery plant subsidy; construction resumes
All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational automaker Stellanti...
Jul 06, 2023 (Gmt+09:00)
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Machinery
Doosan forklifts to be sold under Bobcat brand in US, eventually to Europe
Doosan Bobcat Inc., the construction and agricultural machine making unit of South Korea’s Doosan Group, will sell its forklifts under the Bob...
Jul 05, 2023 (Gmt+09:00)
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Bio & Pharma
IVIM Tech supplies biomicroscope to leading US children’s hospital
South Korea’s IVIM Technology has supplied the world’s first all-in-one intravital microscopy platform that it released last year to a m...
Jul 05, 2023 (Gmt+09:00)
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Venture capital
Ontario, S.Korea VC firm to establish $76 mn healthcare fund
Canada's Ontario government has joined hands with a South Korean venture capital firm to establish a fund of 100 million Canadian dollars ($75.6 mil...
Jul 05, 2023 (Gmt+09:00)
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Batteries
SKC to invest $3.8 bn in secondary battery materials by 2025
South Korea's chemical material maker SKC will invest over 5 trillion won ($3.8 billion) in three sectors -- secondary batteries, semiconductors and...
Jul 05, 2023 (Gmt+09:00)
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Automobiles
Kia’s Gwangju auto plant gears up for 2nd heyday with EVs
GWANGJU, South Jeolla Province -- Kia Corp.'s plant in Gwangju, about 270 kilometers south of Seoul, bustled with workers and cars, including its be...
Jul 04, 2023 (Gmt+09:00)
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Batteries
Lotte Energy Materials aspires to become copper foil leader: CEO
South Korea’s Lotte Energy Materials Corp. said on Tuesday that growing demand for reasonably priced electric vehicles will expand the market ...
Jul 04, 2023 (Gmt+09:00)
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Corporate investment
SK Square, SK Hynix set up $77 million chip investment unit
SK Square Co. and SK Hynix Inc., together with two other South Korean companies, have launched a 100 billion won ($77 million) joint investment unit...
Jul 04, 2023 (Gmt+09:00)
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Batteries
Kia to begin EV battery subscription service pilot project
South Korea's Kia Corp. said on Tuesday it has partnered with Hyundai Capital Services, Shinhan EZ General Insurance, the Seoul Taxi Association, Ha...
Jul 04, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare launches Humira biosimilar Yuflyma in US
South Korean biopharmaceutical company Celltrion Healthcare on Monday said it launched the day before on the US market Yuflyma, a biosimilar of the ...
Jul 04, 2023 (Gmt+09:00)
Latest News
- 1 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 2 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 3 President Lee: Businesses at center of policy priorities for economic growth
- 4 Samsung supplies HBM3E to AMD’s new accelerators
- 5 Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds