Posco Chemical was close to finishing the third and fourth phases of expansion of its battery cathode plant in Gwangyang, South Korea, TheElec has learned.Once the expansion is complete, which will be no later than June, the South Korean chemical company’s battery cathode production capacity will in

Samsung SDI is aiming to foster suppliers of material, components and equipment for long-term partnerships as well as finding new suppliers, multiple people familiar with the matter told TheElec.In the past, the South Korean battery maker rotated its supply line for the same parts, they said, but it

South Korean battery maker SK On is planning to procure assembly equipment from more suppliers, TheElec has learned.The company is looking for new suppliers for notching equipment, which is used to create the positive and negative tabs of batteries at the early stages of the assembly process.SK On h

Posco Chemical is planning to start construction of a new battery cathode factory at Pohang, TheElec has learned.It will be its first factory in the South Korean city and the facilities there will produce both cathode and anode, sources said.The company has earmarked around 3 trillion won which will

Verkor CEO Benoit Lemaignan and executives of the French battery firm will visit South Korea this week to meet with local battery equipment makers, TheElec has learned.The executives will tour facilities of South Korean battery equipment makers to look at equipment and machines that Verkor will inst

Battery equipment maker A-Pro is seeking to secure new customers besides its main customer LG Energy Solution.A-Pro CEO Lim Jong-hyun told TheElec that the company was also seeking to expand sales in the US.The company’s main offering is its charge and discharge equipment that supports degassing and

Battery equipment maker Nsys said on Wednesday that it has acquired a 14.13% stake in fellow battery equipment maker Kapjin for 10.05 billion won.The purchase makes Nsys Kapjin’s second-largest shareholder.While Nsys’ main revenue source is inspection equipment for the electrode process during batte

Battery equipment maker Hana Technology is planning to spend more on facilities in 2022 compared to a year ago, TheElec has learned.This includes acquiring additional space to build another factory, sources said.Hana Technology currently has production facilities on 39,969 meter-square of land; the

Nain Tech CEO Park Geun-noh said the company is aiming to increase its annual revenue in 2022 by over 60% compared to a year ago.Park told TheElec during the company's annual shareholders’ meeting on Tuesday that the Covid-19 pandemic had caused its customers to delay spending on facilities and plac

South Korean battery copper foil companies are expected to place orders for equipment worth over 200 billion won this year, TheElec has learned.SK Nexilis, Iljin Materials and KZAM have begun placing orders for equipment to suppliers.They will procure titanium drums from mostly Japanese companies wh

South Korean battery maker SK On has named Toptec as its back-end partner for its new factory in Hungary, TheElec has learned.Toptec will be supplying equipment used to group battery cells into modules and packs to SK On’s factory in Invancsa, Hungary, sources said.The equipment is also used to atta

MK Electron CEO says the company is aiming to start producing silicon anode next year at the earliest.The South Korean material company was currently testing a silicon anode that improves on the weaknesses of exiting silicon anode, MK Electron Lee Jin told TheElec.The anode in batteries stores and r

Wonik PNE has acquired the battery equipment business unit of Samji Electronics, TheElec has learned.This is the company’s third acquisition in the past six months. Wonik PNE acquired Techland in October and NS in November.Wonik PNE’s parent company Wonik Holdings acquired battery equipment maker PN

LG Chem and Korea Zinc are planning to form their joint venture sometime in April, TheElec has learned.The venture will manufacture precursors, which will be used to manufacture cathode by LG Chem.This cathode will then be used by LG Energy Solution to manufacture batteries.On Wednesday, LG Chem vic

South Korean battery equipment maker TSI has won an order to supply mixing equipment to Ultium Cells, TheElec has learned.TSI beat competitor Yunsung F&C to win the order to supply the equipment to LG Energy Solution and General Motors’ joint venture.The mixing equipment will be supplied to Ultium C

Battery equipment maker Avaco is aiming to supply its new electrode equipment to LG Energy Solution directly, TheElec has learned.If it succeeds, it will be securing a second major customer after Ultium Cells, the joint venture between LG Energy Solution and General Motors, which it is already suppl

PNT has recently acquired additional lands around its battery equipment plant at Gumi to build a fourth factory, TheElec has learned.The company secured 115,702 meter-square of space at Gumi’s industrial zone to build the factory with around 30 billion won, sources said.Once the fourth factory goes

LG Energy Solution and Hyundai Motor have formed a joint venture in Indonesia to manufacture batteries there, TheElec has confirmed.The pair had agreed to form a battery cell joint venture last year in July.LG Energy Solution owns 50% shares and Hyundai Motor 25% shares of the venture, called HLI Gr

Avaco is supplying its logistics equipment to Ultium Cells, the battery-making joint venture between LG Energy Solution and General Motors, TheElec has learned.The South Korean equipment maker is providing the equipment to be used by the second factory of Ultium Cells, sources said.Installation is e

Hanwha’s machine business unit is developing roll-press and slitter kits that are used in the electrode process in battery production, TheElec has learned.The development started during the second half of 2021 and is expected to be completed within 2022, sources said.The company plans to offer the t