Posco Chemical said on Monday that it will spend 600 billion won to build a new precursor factory at its plant in Gwangyang, South Korea, with an annual production capacity of 100,000 metric tonnes.The company said it was doing so to secure competence in raw material as it looks ahead to the growth

Chinese display giant BOE was in talks with smartphone brand Honor to manufacture a two-stack tandem OLED panel to apply to a smartphone planned for later this year, TheElec has learned.The pair believe that the use of the technology, where the OLED panel has two emission layers, can reduce the powe

Battery equipment maker Nsys has won orders for its equipment from Ultium Cells, the battery-making joint venture between LG Energy Solution and General Motors, TheElec has learned.Last year, Nsys had announced that it has won orders were 4.3 billion won and 4.2 billion won in July and September, re

Battery equipment maker Nain Tech said on Friday that it plans to enter the e-mobility battery pack market.The firm said it has acquired a 60% stake in Talos, a firm specializing in battery and battery charging for military applications, on Thursday for this.The pair had signed a patent sharing agre

Battery cathode maker Cosmo AM&T is planning to start operations of its new precursor line within the year, TheElec has learned.The line, being set up at its headquarters in Chungju, North Chungcheong Province, will be using equipment acquired from STM, a subsidiary of battery maker Samsung SDI, in

Hyundai Motor said on Wednesday that it was aiming to sell 1.87 million units of electric vehicles (EV) in the global market in the year 2030, which will be equivalent to 7% of the global market share.Hyundai Motor CEO Chang Jae-hoon also said during an online conference that it is aiming for an ope

Battery equipment maker Mplus has won an exclusive order to supply battery packaging equipment worth approximately 200 billion won from SK On, the battery-making subsidiary of South Korean energy firm SK Innovation, TheElec has learned.SK On has ordered a total of 24 units for use at its battery fac

Battery material maker EcoPro BM is aiming to produce a cathode comprised of nickel, cobalt, manganese and additive (NCMX) within the year, TheElec has learned.EcoPro BM will be producing between 500 to 1,000 metric tonnes of the cathode within the year or early next year at the latest, sources said

Tractor maker Daedong was looking to acquire a lithium iron phosphate (LFP) battery packaging firm to expand into the smart mobility sector, TheElec has learned.After reviewing potential candidates, the company is looking into a firm that has an AI-based battery protection technology, sources said.T

SK On, the battery-making subsidiary of South Korean energy firm SK Innovation, is planning to accelerate the start of production of its planned new battery factory in the US with Ford by three months, TheElec has learned.Blue Oval SK, the South Korean battery maker’s joint venture with the US car g

Electric truck maker Rivian is planning to build a pilot line for battery production in South Korea, TheElec has learned.Executives of the US firm recently visited South Korea to look for sites where the company could build the line in, sources said.The pilot line is for research and development pur

LG Energy Solution said on Thursday that it has acquired US energy storage system (ESS) system integration (SI) firm NEC Energy Solution from their parent Japanese company NEC Corporation.The South Korean battery maker will wholly own its new subsidiary and rename it LG Energy Solution Vertech, the

Display equipment maker SFA said on Tuesday that it has recorded 1.56 trillion won in revenue and 188.9 billion won in operating profit for the entire year of 2021.Revenue was level to that of 2020 while operating profit jumped 12.91%.Its subsidiary SFA contributed 641.1 billion won in revenue and 6

Display equipment maker H&iruja had attempted to merge with a battery equipment supplier to Samsung SDI late last year, TheElec has learned.However, the battery equipment supplier had refused the offer, sources said.H&iruja had been attempting to expand into the battery equipment sector since mid-20

Battery material maker EcoPro BM said it plans to restart its cathode plant next month that had halted production due to an explosion back in January.CAM4, a production line at its Ochang plant that wasn’t affected by the explosion, will start operations mid-March, the company said in a conference c

Samsung’s Galaxy Z Fold 4 launching later this year will have a designated slot for the S Pen stylus and come with a similar screen size as its predecessor the Galaxy Z Fold 3, TheElec has learned.The South Korean tech giant has recently finalized its plan to make a designated slot on the foldable p

The global lithium iron phosphate (LFP) battery market is expected to be worth US$15.2 billion by 2029 with 200GWh worth of batteries to be manufactured, according to analyst firm QYResearch.QYResearch CEO Yoon Sung-bin also said LFP batteries are expected to replace more and more of the lithium man

Mplus, a battery production equipment supplier to SK On, will also develop equipment for its main customer’s rival LG Energy Solution, TheElec has learned.The company participated in a recent event hosted by LG Energy Solution at its factory in Ochang.LG Energy Solution held the event to showcase it

Samsung SDI has begun applying a new process to increase its yield rate in battery production.The South Korean battery maker has begun using laser equipment to clean the cans used in prismatic batteries, sources said.In prismatic batteries, materials such as cathode, anode and separators are deposit

South Korean electric vehicle (EV) battery maker LG Energy Solution said it had recorded 17.85 trillion won in revenue and 768.5 billion won in operating income during the entire year of 2022.Revenue increased 42% year-on-year, while the company recorded its first annual operating income after years