LG Energy Solution was the top vendor in batteries from January to May in the global market excluding China, according to SNE Research.The South Korean company held a 35.5% market share during the time period, an increase of 7 points from 28.8% of the same time period a year ago.This was followed by

General Motors will recall its Chevrolet Bolt EV due to defects found in some of the batteries supplied by LG Energy Solution.The US car firm said some of the fire involving the model was caused by production defects in some of the batter cells.General Motors and LG Energy Solution had asked custome

Chemical firm BASF said on Thursday that it has be selected as a battery development partner to Cellforce Group.Cellforce Group is a joint venture between Porsche and German lithium-ion battery firm Customcells.BASF will be the sole supplier of NCM cathode with HED lithium stabilization technology a

South Korea automobile brand Kia recorded 1.48 trillion won in operating income in the second quarter, an increase of 924.5% from the same time period a year ago.Sales increased by 61.3% to 18.33 trillion won over the same time period.Kia’s net income during the quarter was 1.34 trillion won, an inc

Hyundai Motor saw its operating income triple in the second quarter this year compared to the same time period in 2020.The South Korean automobile giant said on Thursday that it recorded 30.32 trillion won in sales and 1.88 trillion won in operating income during the quarter.Sales increased 38.7% fr

Mando will split off its autonomous driving business unit to form a new company.On Tuesday, Mando’s board passed the motion for the split, after over two third of its shareholders approved of the move.Called Mando Mobility Solutions (MMS), the new company will form in September 1. Its management wil

Samsung on Monday said it has launched the 2021 The Wall display, which uses Micro LED technology.The latest model, model name IWA, has a micro AI processor with 16 neural networks models used to upscale resolution.The new display also uses LED devices that are 40% smaller than their predecessor.Thi

SK Innovation said on Sunday that it will receive financial support from the European Union for the 90 million euros it will cost to build its second battery in Hungary.The South Korean company’s second factory at Komarom is expected to be completed within the year. It will start commercial operatio

Fab equipment maker Hanmi Semiconductor said on Monday that it has recorded 108.7 billion won in sales and 35.7 billion won in operating income in the second quarter.It is the company’s best quarterly sales figure to date.Sales increased 77% from the same time period in 2020, while operating income

Camera lens firm Haesung Optics and camera module inspection equipment maker isMedia will collaborate in developing expanded reality (XR) devices and contents, the pair said on Wednesday.They will also collaborate to make inspection equipment more sophisticated.A Haesung spokesperson said it will us

LG Chem said on Wednesday that it plans to spend 6 trillion won into its battery business by 2025.It will spend a total 10 trillion won on what it calls its three new growth engine by that year, company vice chairman Shin Hak-cheol said.LG Chem will spend 6 trillion won into its battery business, 3

A total of 122 models of OLED smartphones were launched in the first half of 2021, according to market research firm UBI Research.Out of the total, 119 models, or 97.5%, were in the 6-inch range in terms of size, the firm said.This is a 20 point increase from 2018, when 78% of OLED smartphones had 6

LG Chem said on Monday that it plans to expand its production lines for nitrile butadiene latex (NBL) across Asia.It will gradually expand its lines at South Korea, China and Malaysia, the company said.NBL is used in nitrile gloves. It is more elastic than silicon pouch and can block oxygen over fiv

SK Hynix has begun the production of 10-nanometer (1a) 8Gb LPDDR4 mobile DRAM this month, the company said on Monday.It was also applying the extreme ultraviolet (EUV) process for the memory, SK Hynix aid.It is the first time that SK Hynix has applied EUV in its DRAM production. The new chip will be

Japan’s Toyocolor said on Thursday that it will be supplying its carbon nanotube (CNT) to SK Innovation’s operations in North America and Europe.CNT has the same level of conductivity as copper but has hundred times the strength of iron.Many companies are developing related components to supply to b

Posco Chemical said on Thursday that it plans to build a new cathode factory at Pohang with an annual capacity of 60,000 metric tonnes per year.The company will spend 600 billion won to build the factory on 120,000 meter-square of land starting in 2022.Once the new factory is complete, Posco Chemica

LG Electronics said on Wednesday that it has recorded 17.11 trillion won in sales in the second quarter, its highest figure to date.Meanwhile, operating profit increased 65.5% year-on-year to 1.11 trillion won.The figure matches that of South Korean analysts’ consensus of 17.2 trillion won in sales

Chunbo BLS, a subsidiary of chemical firm Chunbo, will spend 512.5 billion won to build a lithium bis(fluorosulfonyl)imide factory.The factory will take up a space of 171,000 meter-square and be built at government-backed Saemangeum Development and Investment Agency’s industrial zone.Chunbo BLS will

Samsung’s earnings for the second quarter beat market expectations thanks to stronger than expected performance from its memory business.A one-time profit in its display business is also thought to have contributed the strong earnings.The company said on Wednesday that it recorded 63 trillion won in

LG Corporation said on Friday that it will acquire a stake in Kakoa Mobility for 100 billion won.The holding company of the LG business group said it was looking for synergy between the mobility firm and its subsidiaries LG Energy Solution and LG Electronics.LG Energy Solution will secure battery tr