South Korean automobile component maker Mando has wrapped up the development of its Gen 2 integrated dynamic brake (IDB) aimed at electric vehicles.The company is aiming to start manufacturing them during the first quarter of 2022.It is seeking to supply them to Chinese automobile brands SAIC, Dongf

Posco Chemical said on Thursday that it plans to form a joint venture with General Motors which will construct a large battery cathode factory in the US.The factory will start production of high-nickel cathodes in 2024 that will be supplied to Ultium Cells, the battery-making joint venture between G

Battery copper foil maker Iljin Materials said on Tuesday that it has received 1.15 trillion won in funding which it will spend to expand the production capacities of its overseas factories.It subsidiaries IME and IMG have received equity investments worth 600 billion won and 400 billion won, respec

Hyundai Kefico is planning to collaborate with KR Motors and LG Energy Solution to manufacture a new water cooling electric 2-wheeled vehicle, TheElec has learned.The vehicle, called e-lution (model name HKR-68E), runs on Hyundai Kefico’s 6.8kW motor and uses water cooling to manage heat.LG Energy S

LG Chem’s plan to sell its optically clear adhesive (OCA) business to a Chinese company is facing resistance from employees, TheElec has learned.Genzon Investment Group which wants to buy the business unit is hoping to retain existing employees but they are refusing to be transferred.LG Chem signed

Executives of France’s Automotive Cell Company (ACC) have met with South Korean kit makers in their recent visit to the country, TheElec has learned.ACC COO Jean-Baptiste Pernot and ACC CTO Philippe Biensan met with their counterparts that work for South Korean companies in the battery supply chain,

Chinese battery giant CATL has formed a regional subsidiary in South Korea, TheElec has learned.The regional branch, its fifth outside of China after Japan, Germany, the US and France, has set up its office at Gangnam, Seoul.The subsidiary will have one regional manager and two employees at the star

Cosmo Chemical said on Monday that it recorded 130.7 billion won in revenue and 10.2 billion won in operating income during the third quarter this year.Revenue increased 56% year-on-year and operating income jumped 877% from a year ago.Its net income during the quarter was 3.6 billion won, a return

Magnetic separator maker Daebo Magnetic has been expanding into battery material processing since earlier this year and the new business will start contributing in revenue in 2022, the company CEO said.Daebo Magnetic CEO Lee Sang-ick said the company has started to contact potential customers during

Cowin Tech said on Tuesday that it has clinched a new automation equipment supply deal worth 5.6 billion won.With the latest contract, it had remaining orders of 103 billion won at the current time, a company spokesperson said.It won a total of 22.2 billion won worth of new orders since October.The

EcoPro is planning to diversify its battery cathode lineup, including those that use very little cobalt and have high portions of nickel in them.EcoPro chairman Lee Dong-chae said on Thursday at a press conference that the company plans to develop a cobalt-free cathode, also known as NMX, and a low-

The US and China's trade row is continuing. Five years have passed since the inauguration of the Trump Administration that started the row but the two superpowers' economic competition isn't relenting even in the Biden era.The US-China trade row will undoubtedly affect South Korea's semiconductor bu

Edison Motors was considering buying Chinese battery maker eTrust Power, also known as Lixin Jinagu Energy Technology, TheElec has learned.The company wants to secure a battery supply line as it is planning to mass-produce electric vehicles after it acquires SsangYong Motor, people familiar with the

The global anode market for batteries was worth US$3.2 billion in 2020 but will grow to US$14.1 billion in 2027, according to analyst firm QY Research.Silicon anode’s growth will stand out at 76.6% on average per year, accounting for 10.1% of all battery anodes in 2027, beating natural graphite’s 10

Samsung SDI said on Tuesday that it recorded 3.43 trillion won in revenue and 370 billion won in operating income during the third quarter this year, an increase of 11.42% and 39.7%, respectively.The global chip shortage had caused demand for large batteries to drop, the company said.But this was of

SKC said on Monday that it will invest US$33 million in UK’s silicon anode firm Nexeon.Together with private equity funds SJL Partners and BNW Investment, a total of US$80 million will be invested in Nexeon, SKC said.Nexeon was founded in 2006 and has technology that allows for fast and affordable p

SK Innovation said on Friday that it has marked 12.3 trillion won revenue and 618.5 billion won in operating income during the third quarter.Revenue increased 48% year-on-year while it returned to profitability compared to the same time period a year ago.SK Innovation credited the growth to improved

LG Chem said on Wednesday that it plans to form a joint venture with Japan’s Toray to build a battery separator factory in Hungary.The pair have agreed to form LG Toray Hungary Battery Separator Kft, with each owning half of the stakes of the new company.LG Chem will acquire 20% more stake from Tora

SK Innovation said on Thursday that it will invest US$30 million into US solid-state battery firm Solid Power.The pair will collaborate to develop and manufacture solid-state batteries.They will aim to develop a product with an energy density of 930Wh/L, which will be 30% higher than existing lithiu

LG Energy Solution has been facing difficulty in applying a new production process at its battery factory at Nanjing, China.The company has effectively given up on applying laser notching to the production line there.It had canceled its contract with DE&T, which supplies the laser notching equipment