SK Innovation, the parent company of battery maker SK On, and US automobile giant Ford is planning to form a joint venture in Europe to build another factory in the continent, TheElec has learned.The venture and factory are highly likely to be set up in Turkey, people with direct knowledge of the ma

LG Energy Solution’s market share in electric vehicle (EV) batteries in China dropped last year, according to data from Gaogong Industry Institute (GGII).Last year, 2.423 million units of EV were sold in China. The vehicles used 101.1GWh of batteries.This is an increase of 170% and 176%, respectivel

SK Innovation has added Hana Technology as a new supplier of battery packaging equipment that will be used by battery maker SK On, TheElec has learned.Hana Technology’s first order will be for packaging equipment that will be used in SK On’s factory at Yancheng, China, sources said.Hana Technology w

AI Korea said it has secured 7 billion won in its pre-IPO funding round from institutional investors.The company began manufacturing battery production in 2014.It supplies central electrolyte supply systems to LG Energy Solution’s factory in Poland.It also supplies kits to SK On and Samsung SDI.AI K

South Korean cathode maker is considering building a cathode factory in the US, TheElec has learned.The company will likely form a joint venture with Samsung SDI for the factory, sources with direct knowledge of the matter said.However, specific details such as how much it would spend on the factory

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

Samsung Display will be procuring OLED transport layer material from SK JNC, TheElec has learned.SK JNC will be competing with existing OLED transport layer material suppliers DS Neolux and Solus Advanced Materials.The new supplier has also been chosen as a material recycling partner by Samsung Disp

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

SK Hynix has been testing hafnium (Hf) high-k precursor provided by Mecaro during the second half of 2021, TheElec has learned.The chip giant currently solely uses precursor supplied by SK Trichem.If Mecaro’s precursor passes SK Hynix’s evaluation, it will likely be included as another supplier to t

Posco Chemical has completed a new synthetic graphite anode factory at Pohang.It is the first such factory in South Korea, which the company spent 230.7 billion won to build.The factory will be expanded up to 2023 to produce 16,000 metric tonnes of anode a year.The latest completion has secured Posc

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

Posco Chemical said on Wednesday that it has built a new ‘smart factory’ that will produce refractories.The company spent 49.2 billion won to build the factory that spans 4,759 square meters. Construction started in 2020.It has a capacity produce 21,700 metric tonnes of fluorine refractories a year.

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