LG Energy Solution was close to finishing the development of coin cell batteries, also known as button cells, TheElec has learned.The company will likely compete for orders for them for use in wireless earphones such as Apple’s AirPods and Samsung’s Galaxy Buds with Samsung SDI, Varta and EVE Energy

EcoPro EM, the battery cathode making joint venture between Samsung SDI and EcoPro BM, may build its next cathode factory in Europe, TheElec has learned.The company was originally planning to build its third factory, CAM7-N, at Pohang, South Korea, but is now strongly considering Europe, people fami

LG Energy Solution supplied over 800 million units of 21700 cylinder battery cells to Tesla last year, TheElec has learned.The company is expecting to supply over 1 billion units to the US electric car maker this year.The South Korean battery maker supplies its cells for Model 3 and Model Y. Panason

Posco said on Friday that its joint venture for battery recycling with Huayou Cobalt will build a new facility in South Korea.The joint venture, called Posco HY Clean Metal, will spend 120 billion won at Gwangyang, South Korea, to build a battery recycling plant with a capacity of 10,000 metric tonn

LG Energy Solution will be applying its new production platform Dreamline 2.0 for factories run by Ultium Cells, its joint venture with General Motors, TheElec has learned.The adoption of the platform is expected to increase initial yield rate and productivity by 20% compared to its predecessor.Drea

Posco on Wednesday began the construction of a new lithium hydroxide plant with a production capacity of 43,000 metric tonnes per year.The company will spend 760 billion won to build the factory at its Gwangyang plant.Posco is aiming to complete the factory by 2023. It will be procuring the lithium

EcoPro BM will spend 134 billion won to expand one of its cathode factories dedicated to SK Innovation.EcoPro BM said Wednesday that it will be expanding its CAM5-N factory by January 2023.The expansion will have the factory secure an annual production capacity of 28,800 metric tonnes. The factory w

South Korean battery equipment maker PNT has won an order from France’s Saft to supply coaters, TheElec has learned.PNT will be supplying coaters for both cathode and anode.The company beat Japanese rivals Toray and Hirano Tecseed for the deal.The coaters will be used in Saft’s planned pilot line to

LG Energy Solution said on Tuesday that it will recall some of its energy storage system (ESS) batteries.The South Korean battery maker will voluntarily recall batteries made at its ESS dedicated production line between April 2017 to September 2018. The recall will cost the company around 400 billio

LG Energy Solution will build a new battery plant in Indonesia with the government-owned Indonesia Battery Corporation (IBC), according to a report by Reuters.The project is worth US$1.2 billion and will secure a capacity of 10GWh, the report said.Batteries made at the factory will be used for EVs f

Mplus said on Monday that it will supply 5.8 billion won worth of prismatic battery assembly equipment to a European battery making company.The South Korean firm will supply notching and stacking kits under the deal.Mplus has so far focused on equipment for pouch battery production.This latest deal

SK Innovation and Ford has official confirmed their planned joint venture on Thursday.The pair will form BlueOvalSK, which will aim to manufacture 60GWh of battery cell and module for electric cars per year staring in the mid-2020s, SK Innovation said.The amount is enough to power 600,000 electric p

DSK has failed to supply its lamination equipment to Ultium Cells, the battery making joint venture between LG Energy Solution and General Motors, TheElec has learned.Instead, Shinjin Mtec and Nain Tech were named the final candidates to supply the kits by LG Energy Solution.DSK’s pilot equipment ha

SK Innovation and Ford will form a battery joint venture, according to Reuters on Wednesday.The US car maker is a major customer of batteries for the South Korean energy firm.Batteries made at SK Innovation’s factory in Georgia, which is under construction, will be used in F-150 and other electric c

SK Innovation will form a joint venture with EVE Energy and BTR in China.The newly formed company will work on electric car batter materials such as cathode.SK Innovation, EVE Energy and BTR will each put in 489 million yuan, 469 million yuan and 997 million yuan, respectively, for a 25%, 24% and 51

Samsung Electronics will use batteries made by LG Energy Solution for its upcoming Galaxy S21 Fan Edition (FE) smartphone, TheElec has learned.Last year, the Galaxy S20 FE had also used batteries made by LG, along with those by Samsung SDI and Amperex Technology Limited.S21 FE will have the same sup

Automation equipment firm YTS will be the exclusively supplier of degassing equipment to Ultium Cells, the joint venture between LG Energy Solution and General Motors, TheElec has learned.The newly developed degassing equipment has the cell positioned vertically instead of horizontally when degassin

South Korean equipment maker SFA has increased its orders from areas besides its main display business.SFA said its display business accounted only for 34.9% of its remaining orders as of the first quarter.Orders for battery production equipment accounted for 28.6%. In total, orders related to non-d

Hanwha Corporation saw its operating income for the first quarter of 2021 triple compared to a year ago.The company said it recorded operating income of 848.5 billion won in the quarter, an increase of 186% from the same time period a year prior. Net income for the quarter was 819.9 billion won, a 3

SK Innovation said on Thursday that it recorded sales of 9.23 trillion won and operating income of 502.5 billion won in the first quarter of 2021.It is return to profitability in operating income from a year ago.The company said it benefited from the recovery of oil prices following their decline la