battery manufacturing facility expansion
Scope
Date
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Energy
Hanwha inks largest supply deal for US community solar biz
South Korea’s Hanwha Solutions Corp. is set to sell 2.5 million modules to US community solar programs through the largest-ever supply deal fo...
Apr 07, 2023 (Gmt+09:00)
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Earnings
LG Energy’s Q1 profit soars on gains from US battery tax credits
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled,...
Apr 07, 2023 (Gmt+09:00)
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Automobiles
Hankook Tire's iON evo tops Auto Bild's electric car tire test
Korean tire manufacturer Hankook Tire & Technology announced on Friday that its electric vehicle-dedicated high-performance tire, the iON evo, h...
Apr 07, 2023 (Gmt+09:00)
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Electronics
HD Hyundai Elec commercializes DC distribution facilities for 1 MW bldgs
HD Hyundai Electric Co., the electrical power equipment and energy solution affiliate of South Korean conglomerate HD Hyundai Co. Group, on Friday s...
Apr 07, 2023 (Gmt+09:00)
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Batteries
Korea's electric battery maker SK On predicts 'tangible results' from 2024
"Despite many difficulties early on, we can see tangible results from next year if we overcome such challenges.”Chey Jae-won, CEO and executiv...
Apr 07, 2023 (Gmt+09:00)
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Batteries
Dongwon inks deal with Dongkuk for secondary battery raw material
South Korean firm Dongwon Systems Corp. has signed an agreement with Dongkuk Industries Co. for the supply, sale and development of raw materials fo...
Apr 06, 2023 (Gmt+09:00)
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Korean stock market
Investors ready their return to Korean stock market but with bet on declines
Investors are readying their return to the stock market in South Korea, encouraged by the rosy outlook for secondary battery stocks, but more retail...
Apr 06, 2023 (Gmt+09:00)
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Automobiles
Kia steps up electrification efforts with higher sales targets
Kia Corp., under South Korea’s Hyundai Motor Group, is gearing up to produce even more electric and other eco-friendly vehicles in the coming ...
Apr 05, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea to focus on secondary batteries, lunar landing vehicles
The Korean government has decided to develop electric vehicle batteries that can travel more than 600 km on a single charge and lunar landing vehicl...
Apr 04, 2023 (Gmt+09:00)
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The KED View
Time for South Korea's answer to the US battery subsidy act
The latest guidelines on US subsidies for electric vehicles under the Inflation Reduction Act come as a relief in every sense to South Korean batter...
Apr 04, 2023 (Gmt+09:00)
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Batteries
LG Energy tops global EV battery market excluding China
South Korea's LG Energy Solution Ltd. in January and February maintained its No. 1 position on the global market for electric vehicle (EV) batteries...
Apr 03, 2023 (Gmt+09:00)
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IPOs
Energy storage devices firm LS Materials launches IPO process
South Korea’s energy storage devices maker LS Materials Co. began the process for an initial public offering later this year as it aims to dev...
Apr 03, 2023 (Gmt+09:00)
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Chemical Industry
Hyosung TNC to team up with Samsung for eco-friendly protective clothing
Hyosung TNC Corp., a South Korean textile and yarn manufacturer, is teaming up with Samsung Electronics Co. to produce eco-friendly protective cloth...
Mar 30, 2023 (Gmt+09:00)
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Steel
Dongkuk Steel installs solar power generation facility at Pohang plant
Dongkuk Steel Mill Co., the world's leading manufacturer of color-coated steel, announced on Wednesday that it has installed a 10-megawatt solar pow...
Mar 30, 2023 (Gmt+09:00)
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Batteries
EcoPro’s cathode material sales to Samsung more than treble
EcoPro Group, South Korea’s leading battery materials producer, raked in more than 3 trillion won ($2.4 billion) in sales from its largest cus...
Mar 29, 2023 (Gmt+09:00)
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Batteries
Korean battery firms seek benefits from US EV incentive details
South Korea’s battery industry has high hopes for details on requirements for US tax credits on electric vehicles to be announced this week as...
Mar 27, 2023 (Gmt+09:00)
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Batteries
LS Group completes nickel sulfate plant for EV batteries
South Korea’s LS Group said on Monday it has completed construction of a new plant to produce nickel sulfate, a key raw material for next-gene...
Mar 27, 2023 (Gmt+09:00)
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ESG
CJ CheilJedang signs ESG agreement with Jincheon County in Korea
South Korea's largest food company CJ CheilJedang Corp. announced on Monday that it has signed a business agreement with Jincheon County in North Ch...
Mar 27, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's microneedle maker Raphas to enter US market
South Korea's microneedle maker Raphas Co. is expediting its entry into the American pharmaceutical market after entering the country's cosmetics se...
Mar 27, 2023 (Gmt+09:00)
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Batteries
LG Energy to build $5.6 billion battery complex in Arizona
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday it is investing 7.2 trillion won ($5.6 billion) to build a b...
Mar 24, 2023 (Gmt+09:00)
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Food & Beverage
Instant noodle maker Nongshim eyes 3rd plant in US
South Korean instant noodle giant Nongshim Co. is looking to build its third manufacturing plant in the US as the company is seeing sales of its pro...
Mar 24, 2023 (Gmt+09:00)
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Robotics
Hyundai Motor, Kia partner with DeepX to develop robotics services
South Korean carmakers Hyundai Motor Co. and Kia Corp. have partnered with DeepX, a domestic startup that specializes in designing AI semiconductors...
Mar 24, 2023 (Gmt+09:00)
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Automobiles
Hyundai launches 2023 season of HMG Driving Experience Center
Hyundai Motor Group announced the commencement of the 2023 season for its HMG Driving Experience Center, which is the largest of its kind in South K...
Mar 24, 2023 (Gmt+09:00)
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Batteries
EcoPro taps mines in the Americas to secure cathode materials: EcoPro CEO
EcoPro Group, South Korea’s leading battery materials producer, is mulling investments in mines in the Americas to source cathode materials, a...
Mar 22, 2023 (Gmt+09:00)
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Future mobility
Kakao Mobility buys UK ride-hailing startup Splyt for global biz
South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...
Mar 22, 2023 (Gmt+09:00)
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Batteries
SK Ecoplant Americas completes fuel cell project at US hospitals
SK Ecoplant Americas has completed a project to supply and install solid oxide fuel cells at US hospitals in collaboration with Bloom Energy. The pr...
Mar 22, 2023 (Gmt+09:00)
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Batteries
Hanwha Solutions secures 9.7% stake in US battery materials company
Hanwha Solutions Corp., a South Korean company focused on energy services, petrochemicals and real estate development, recently acquired a 9.73% sta...
Mar 20, 2023 (Gmt+09:00)
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Waste management
Toray Advanced Materials acquires S.Korea's water treatment company
Toray Advanced Materials Korea Inc. announced on Monday the acquisition of Hanmee Entec Co., Ltd., the industry's longest-running water treatment fa...
Mar 20, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea's budget carriers seek expansion via more overseas flights
South Korea's budget carrier Jeju Air Co. on Thursday announced the resumption of flights connecting Incheon to the Vietnamese cities of Ho Chi Minh...
Mar 17, 2023 (Gmt+09:00)
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Batteries
Korea EV cell makers unveil new products to expand market
South Korea’s electric vehicle battery makers on Wednesday unveiled prototypes of new products, especially lithium iron phosphate (LFP) models...
Mar 16, 2023 (Gmt+09:00)
Latest News
- 1 Micron set to supply SOCAMM chips to Nvidia ahead of Samsung, SK Hynix
- 2 POSCO Future M breaks with China in cathode supply chain
- 3 GIC resumes Seoul Finance Center sale in potential megadeal
- 4 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 5 Invesco, SK D&D likely to buy co-living building in Seoul