The financial crisis of China’s Evergrande Group is expected to impact the businesses of some South Korean battery equipment makers.The group formed a subsidiary called Yangzhou Evergrande Neoenergy Technology Development in 2019 to expand into the electric vehicle industry.This company had signed m

Samsung will procure batteries for the upcoming Galaxy S22 smartphones series from both China’s Amperex Technology Limited (ATL) and Samsung SDI, TheElec has learned.Batteries from both companies will be used in the initial batch of the phones, sources said.The Chinese company was once removed from

SK Innovation said on Tuesday that it will spend 5.1 trillion won through its joint venture with Ford to expand battery production in the US.Blue Oval SK is expected to produce double the amount of batteries than initially expected, the South Korean energy company said.Spending will be done sequenti

A total of 506,000 units if electric vehicles (EV) were sold in August, EV Volumes said.The analyst firm said the total figure is likely higher than 510,000 units when including countries it couldn’t get data on, which will be double of that from a year ago.Over half of the total, 260,000 units, wer

SK Innovation and EcoPro have started discussions to form a joint venture in the US, TheElec has learned.The venture will produce battery cathode materials and conduct battery recycling businesses, people familiar with the matter said.How many shares of the venture each will have is yet to determine

WCP is planning for an IPO next year. But its parent company W-Scope’s patent lawsuit with Japan’s Asahi Kasei will likely dictate how successful going public will be.The Japanese company filed the lawsuit against W-Scope last year in January in South Korea.Asahi Kasei is hoping to stop W-Scope from

SK Innovation said on Thursday that it held an extraordinary shareholders’ meeting that approved the split of its battery and petrochemical businesses.The new companies are tentatively called SK Battery and SK E&P and will inaugurate on October 1.The motion received 80.2% approval from shareholders,

Samsung SDI is reviewing potential ways to secure funding to invest in its battery business.It is reviewing the possibility of splitting off the battery business, called Energy Solution business by the firm.The plan was discussed in a recent meeting between key executives, sources within the company

Onejoon said on Tuesday that it plans to use the fund it secures from its IPO to research silicon anode and carbon fiber processing technologies.The company manufactures thermal kilns used in battery production as well as develops production processes for battery materials.It offers roller hearth ki

SKC said on Wednesday that its sixth copper foil factory will start operation within the year.The factory will add 9,000 metric tonnes a year in production capacity, which means the company’s total will be 52,000 metric tonnes.SKC said it has pulled the sixth factory’s activation date three to six m

PNT has bought the factory lands at Gumi owned by Asahi PD Glass.The South Korean battery equipment maker will build a new factory there, which has a space of 66,000 meter-square.PNT is also planning to build a separate new production line at Gumi near its headquarters next year.The firm has 600 bil

South Korean battery equipment makers have won major deals to supply their kits to Vietnam’s VinFast for their 2.5GWh battery factory.VinFast is currently building two 200PPM production lines to manufacture cylinder batteries at Hai Phong in Vietnam.Wonik PNE has won a deal worth 32 billion won; TSI

LG Energy Solution will be using films provided by a Chinese firm for pouch batteries sold in China.KDW, a subsidiary of Shenzhen Selen Science & Technology, has recently signed a contract to supply the South Korean battery maker with its lithium-ion battery pouch films, Chinese media Yuncaijing rep

LG Energy Solution has begun the development of lithium iron phosphate (LFP) battery late last year, TheElec has learned.The technology is mostly used by Chinese companies.LFP battery is a kind of lithium-ion battery. Instead of using nickel, cobalt and manganese or nickel, cobalt and aluminum as it

SK Innovation said on Wednesday that it will build its fourth electric vehicle battery factory at Yangcheng, China.The company will spend US$1.06 billion for the factory up to December 2024.It will execute the spending plan after it splits off its battery business on October 1.SK Innovation already

Sales of battery electric vehicle (BEV) and plug-in hybrid electric vehicles (PHEV) in 15 countries increased by 100% year-on-year in July, according to analyst firm EV Volumes.A total of 464,2000 units were sold during the month.Accumulated unit sales up to July this year was also 2.84 million unit

LG Energy Solution has placed additional orders for mixing equipment used in battery production for the factory at Lordstown, Ohi, run by its joint venture Ultium Cells with General Motors, TheElec has learned.Related companies were notified of the order from LG Electronics’ Production engineering R

General Motors said on Friday that it will voluntarily recall an additional 73,000 units of Chevrolet Bolt EVs.It is the US car giant’s third recall involving the model.The latest recall it expected to cost General Motors US$1 billion.LG is the supplier of batteries for the model. Last year in Novem

Hanwha Corporation has won another order for battery production equipment from Samsung SDI, TheElec has learned.The company will supply electrode equipment for the South Korean battery maker’s factory at Xi’an, China.It is Hanwha’s second deal with Samsung SDI to supply battery production equipment.

Elentec said on Thursday that it will supply battery packs for LG Electronics’ energy storage systems (ESS) launching next year,The company will be an original development manufacturer (ODM) for the packs used by LG’s ESS launching for the home next year.The deal is Elentec’s second ODM deal after i