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...

Biggest deal in Korea: Hanon Systems stake sale draws KKR, Carlyle, TPG

The sale process of a near-70% stake in South Korean auto parts supplier Hanon Systems Corp. has kicked off, attracting a pool of strategic investor...

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...

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...

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 ...

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 ...

Evercore joins as advisor for S.Korea’s Hanon Systems stake sale

Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...

KOTAM raises $185 mn for BlackRock's new energy fund

Korea Transportation Asset Management (KOTAM) has raised $185 million from five domestic institutional investors to commit to BlackRock's new renewa...

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...

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...

SK agrees to pay $1.8 billion to LG, settles battery legal dispute

LG Energy Solution Ltd. and SK Innovation Co. have reached an 11th-hour agreement to end their two-year legal dispute in the US over trade secret in...

Hankook Tire to sell stake in Hanon Systems, eyes $900 mn gains

South Korea’s Hankook Tire & Technology Co. plans to divest of its 19.5% stake in Hanon Systems Corp., an auto parts maker, in a move that...

SK Group eyes jackpot from investment in battery maker SES

South Korea’s SK Group is expected to pocket at least a tenfold return from its investment in electric vehicle battery startup SES as the batt...

Posco Chemical to supply EV battery materials to GM-LG Energy JV

Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...

ITC rules in favor of SK Innovation over LG Energy in US battery patent suit

The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. in a US battery patent suit filed by LG Energy Solution Ltd., which...

South Korea's secondary battery exports reach all-time highs for 5 years in a row

Despite worsening economic conditions due to the COVID-19 crisis, South Korea’s secondary battery business saw a rise in its key indicators, inc...

Outlook for Korean battery shares evenly split amid weak performance

South Korea’s major battery makers, which have underperformed the broader stock market since the start of the year, remain opaque as fund mana...

SKIET to build additional battery separator plants in Poland

SK Innovation Co.’s material business arm SK IE Technology Co. (SKIET) is set to construct two additional electric vehicle battery separator p...

SK reiterates rejection of LG’s hefty demand for battery dispute settlement

SK Innovation Co. again refused to accept LG Energy Solution Ltd.’s demand that SK pay a hefty amount of compensation for its involvement in a...

LG Chem CEO vows stern action against SK in battery legal dispute

The chief executive of LG Chem Ltd. said on Thursday that the company will sternly deal with SK Innovation Co. in the battery technology trade secre...

Market jitters grow over Korean battery shares after VW’s decision

Market jitters over South Korea’s battery makers are growing after Volkswagen AG’s announcement on Monday that it will make batteries in...

Hyundai Motor chair says to upgrade incentive, promotion systems

The Hyundai Motor Group will upgrade its performance-based incentive and promotion systems to the global levels to compensate its top performers and...

Korean battery shares tumble as VW gears up for in-house production

Shares of South Koreas’ major battery makers tumbled on Tuesday after Volkswagen AG announced it will gradually switch the type of batteries u...

LG Energy to invest over $4.5 bn to expand US battery facilities

LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...

LG Energy may build US, Europe plants to supply new batteries to Tesla

LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...

Hyundai Motor to introduce batch production system at local plant

South Korea’s Hyundai Motor Co. is considering introducing a new factory idea for its major local plant aimed at better responding to rising m...

S-Oil invests in fuel cell maker to enter hydrogen energy market

South Korea-based oil refiner S-Oil Corp. is readying to expand its business into the hydrogen energy sector by investing around 8.2 billion won ($7...

LG Energy, GM in talks to build 2nd EV battery plant in Tennessee

South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...

Hyundai, LG Energy agree to split EV recall costs, reflect in Q4 results

Hyundai Motor Co. and LG Energy Solution Ltd. have agreed on how to split the costs of replacing the electric vehicle batteries made by the LG Group...

US politicians urge review of ITC ruling over LG, SK battery dispute

The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices again...