SK Nexilis, POSCO move forward with EV battery materials projects

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...

SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US

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...

SK Innovation eyes strong battery orders after returning to Q1 profit

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

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 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 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 ...

GM, LG to build second US EV battery plant in Tennessee

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

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

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...

SK Group eyes jackpot from investment in battery maker SES

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 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

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

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...

IMM PE exits S.Korea's No.2 electric wire manufacturer

IMM PE exits S.Korea's No.2 electric wire manufacturer

Seoul-based IMM Private Equity has fully exited its 300 billion won ($265 million) investment in the country's No. 2 electric wire manufacturer by s...

Outlook for Korean battery shares evenly split amid weak performance

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

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 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

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...

Stronger carbon stance puts cost pressure on manufacturers

Stronger carbon stance puts cost pressure on manufacturers

South Korea’s carbon emission regulations – strengthened again this year – are projected to exert financial pressure on the countr...

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

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...

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

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 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 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...

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

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...

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

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...

Hyundai Motor, LG Energy team up on EV battery leasing, recycling

Hyundai Motor, LG Energy team up on EV battery leasing, recycling

The Hyundai Motor Group will lead a government initiative to reduce battery-related environmental problems by collaborating with other companies on ...

Korea’s EV battery trio controls half of global market ex-China

Korea’s EV battery trio controls half of global market ex-China

South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...

SK Innovation’s Q4 EV battery business revenue hits record high

SK Innovation’s Q4 EV battery business revenue hits record high

South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...

SK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn

SK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn

SK Innovation Co. will build its third electric-vehicle battery plant in Hungary for $2.29 billion, aiming to grab a greater share of the fast-growi...

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...

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