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

LG Energy Solution was the top battery supplier of batteries for battery electric vehicle and plug-in hybrid electric vehicles in the first half of 2021, according to market research firm EV Volumes.The South Korean company supplied 30.8GWh of batteries with a market share of 27% during the time per

Hansol Chemical will spend 85 billion won to build a new battery silicon anode factory.The company said the new factory will begin operations in 2022 and produce the anodes that has triple the energy density to conventional anodes.The new factory will be built a Iksan’s industrial zone. Hansol had b

DSK said on Monday that it has clinched a battery production equipment contract worth 16.5 billion won with LG Energy Solution.DSK didn’t mention what kinds of equipment it will be supplying to the South Korean battery maker but they are likely lamination kits, people familiar with the matter said.T

Battery equipment maker Youil Energy Tech said on Monday that it is expanding its equipment line-up to include battery module and pack.The firm previously focused mostly on notching and stacking equipment.Youil Energy Tech said it also plans to win new customers besides SK Innovation.The company, fo

South Korean battery maker Samsung SDI has won an order from Germany’s Volkswagen to contract manufacture its electric vehicle batteries, TheElec has learned.Samsung SDI to will be handling some portion of the production of Unified Prismatic Cell, Volkswagen’s self-designed batteries, people familia

Samsung SDI was considering procuring silicon anode preferably from MK Electron and Dongjin Semichem, TheElec has learned.The silicon anode was previously supplied soley by China’s BTR.South Korea’s Hansol Chemical has build a factory in South Korea for a potential supply deal with Samsung SDI, but

High-end automobile brand Mercedes-Benz will only manufacture electric vehicles starting in 2030, the company said on Thursday.The brand, part of Daimler Group, will stop investing in combustible engine cars after 2025.Mercedes-Benz will spend 40 billion euros for the plan. It will also construct ei

Engineers of electric truck startup Rivian has visited South Korea to meet with their partners based in the country, TheElec has learned on Thursday.They aren’t planning to meet those at LG Energy Solution, SK Innovation and Samsung SDI, the three South Korean battery makers.Rather, they are visitin

LG Energy Solution will procure lithium from Australia’s Vulcan Energy.The five year contract can be extended by another five years. The contract will be signed in November.Vulcan Energy will supply 5,000 metric tonnes of lithium hydroxide in 2024. Afterwards, it will supply 10,000 metric tonnes of

Battery cathode maker EcoPro BM is in talks to supply high-nickel cathode to SK Innovation, TheElec has learned.EcoPro BM will be supplying NCM9½½ (nickel, cobalt and manganese in 9 to 0.5 to 0.5 ratio) cathode.The contract will likely be worth 4 trillion won for four years of supply, people familia