LG Energy Solution CEO and vice chairman Kwon Young-soo has claimed in a conference of the company’s IPO that it will overtake CATL, the world’s largest battery maker, in the future.Kwon said that LG Energy Solution’s market capitalization is currently behind CATL but the pair would soon be "competi

LG Chem will produce NCMA (nickel, cobalt, manganese and aluminum) cathode through its joint venture with Huayou Cobalt in South Korea, TheElec has learned.The joint venture, called LG BCM which will be set up at Gumi, South Korea, will be producing the NCMA cathode, which will comprised of over 80%

SK On is expected to begin placing orders for equipment to use on its planned battery factory at Ivancsa, Hungary, TheElec has learned.The orders will be placed this month at the earliest and no later than during the first quarter, sources said.SK On, the battery subsidiary of SK Innovation, initial

LG Energy Solution is planning to apply the Z-stacking method into its battery productions, TheElec has learned.Stacking during battery production is when the cathode, anode, separator and other material materials are stacked on top of each other. It is part of the assembly process in battery produc

Yunsung F&C has won a turn-key order to supply mixing equipment from Ultium Cells, the battery making joint venture between LG Energy Solution and General Motors, TheElec has learned.The South Korean equipment had previously won an order to supply one unit of mixing equipment.But Yunsung F&C now won

LG Energy Solution has formed a digital office under the direct supervision of new CEO Kwon Young-soo, TheElec has learned.It is also remodeling the CEO office and employee lounge to better communicate between employees, sources said.LG Energy Solution is yet to name a new chief digital officer (CDO

SK On, the battery making subsidiary of SK Innovation, has formed a new research center that will focus on the development of next-generation batteries, TheElec has learned.The new Emerging Energy Research Center is located inside its main research hub at Daejeon.It is SK On’s first research center

The high demand for pouch films from the battery market will give South Korea and China to increase their market share in a market traditionally dominated by Japan, according to data from QYResearch.The analyst firm said the market for pouch film was worth US$59.5 million last year, but will grow to

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

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

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-

South Korean component maker ITM Semiconductor is supplying the protection circuit used in Apple’s latest AirPods, TheElec has learned.It is the South Korean firm’s second deal with Cupertino since 2019 when it supplied such circuits for AirPods Pro.ITM beat Japan’s MinebeaMitsumi and Taiwan’s Compe

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

EcoPro EM, the joint venture between Samsung SDI and EcoPro BM, has started the operation of its new cathode factory.The company said on Thursday that CAM6 at Pohang city has started operation. The factory is commencing trial runs and full production will begin during the first quarter of 2022.EcoPr

Posco Chemical said on Thursday in its preliminary guidance that it is expecting sales of 505 billion won and 31.5 billion won in operating income in the third quarter.Sales and operating income increased 29.9% and 62.4% from a year ago.Posco Chemical said it saw solid sales increase in all of its b

Image: TheElecMore and more South Korean battery production equipment makers are expanding into the battery material market.As battery cell makers wrapping up their latest facility expansions, these companies are hoping to supply them with materials for new sales.Such companies include Cowin Tech, Y

The top ten lithium-ion battery production equipment companies based on revenue for 2020 included five from China and three from South Korea, according to analyst firm QYResearch Korea.China’s Wuxi Lead was the top vendor, while South Korea’s PNT ranked second place.Yinghe Technology, CHR, Blue Key

Battery prices going down will be the precondition for electric vehicle sales to expand, according to a CEO of an analyst firm.SNE Research CEO Kim Kwangju, speaking at the firm’s event called KABC 2021 in Seoul, South Korea, stressed that automobile brands such as Volkswagen, Stellantis and Tesla h