Samsung SDI was preparing to expand its cylinder battery production, TheElec has learned.Spending for the expansion will start in the second half of the year at the earliest.Its factories in Seremban, Malaysia and Cheonan, South Korea will be targets.Samsung SDI last invested in cylinder battery at

LG Energy Solution on Friday called for SK Innovation to reengage in the pair’s negotiation for a settlement after the US International Trade Commission ruled in favor of the former in their dispute over trade secret.On Thursday, ITC published a redacted version of its final judgment in the pair’s d

Hyundai Motor and LG Energy Resolution has reached an agreement on how to burden the cost for the recall of Kona EV, following a string of fire involving the car model.The pair announced on Thursday that they have reflected the cost to their earnings in 2020.Hyundai’s operating income for the whole

The lawsuit between TSI and Jeil Machine is expected to be prolonged after the latter appealed against a verdict in the district court, TheElec recently learned.The pair supply battery production equipment to Samsung SDI.In its appeal filings, Jeil said TSI must halt use and production of mixing equ

PNT has supplied its new battery assembly equipment to Samsung SDI’s factory in Goed, Hungary, TheElec has learned.The equipment will be used to manufacture Samsung’s Gen 5 battery, which increased the energy density by over 20% to its predecessor.PNT has supplied notching equipment used to notch th

SK Innovation has become one of the top ten electric vehicle battery suppliers in China after its local joint venture began operating a year ago.The company supplied 0.13GWh of battery for local electric cars in January, ranking eighth, according to data from China Automobile Power Battery Industry

LG Electronics was responsible for the ceramic coating process of battery separators used in batteries of Hyundai’s Kona EV, TheElec has learned.Earlier this week, South Korea’s Ministry of Land, Infrastructure and Transportation ordered a voluntary recall for Kona EV models due to the recent string

Samsung SDI said on Tuesday that its subsidiary in Hungary will commence a rights offering worth 403.8 billion won.The company will also offer a guaranteed loan of 534.8 billion won to Samsung SDI Hungary Zrt.Totaling around 1 trillion won, the added fun will be used to expand its battery factory at

Hyundai Motor has chosen SK Innovation and CATL as its suppliers for its third batch of batteries for E-GMP electric vehicles launching after 2023, TheElec has learned.LG Energy Solution was not named as a vendor for the third volume. However, the company will supply batteries through its joint vent

Battery inspection equipment maker Nsys said in its filings for its IPO on KOSDAQ that it was aiming for annual sales of 50 billion won in 2021.The company has so far showed exponential growth by offering machine vision inspection equipment for each battery production process, the company said in it

Four of South Korea’s battery cathode manufacturers are planning to more than double their production capacity within the next two years.The increase is done to meet high demand from the three local battery makers __ LG Energy Solution, Samsung SDI and SK Innovation.EcoPro BM is planning to increase

LG Energy Solution stressed that SK Innovation must publicly admit that it stole trade secrets for a settlement to happen in the pair’s legal dispute.Last week, the US International Trade Commission, in it determination, favored LG over SK in the two companies dispute over trade secret leak. LG had

Battery equipment suppliers to SK Innovation are slatted to go public.SK Innovation’s plan to expand its battery production capacity from the current 40GWh per year to 125GWh by 2025 have given them ample reason to procure funds from listing.Youil Energy Tech is aiming to list on KOSDAQ this month.

Samsung SDI was considering applying autonomous guided vehicles (AGV) in its battery production lines to carry battery materials, TheElec has learned.The goal is to have the AGVs replace operators and make the lines semi-autonomous.Battery production lines currently have little autonomous functions.

Youil Energy Tech has succeeded in winning a customer to supply prismatic battery production equipment, the company’s CEO said.The firm has completed development of roll-to-roll notching equipment and will be supplying them to a global top-tier customer’s production line within the year, CEO Jeong Y

LG Chem said on Wednesday that it has posted sales of 30 trillion won and operating income of 2.35 trillion won for the full year of 2020.This was an increase of 9.9% and 185.1%, respectively, from 2019.In the fourth quarter alone, sales was 8 trillion won and operating income 673.6 billion won. Sal

KapJin has supplied a large amount of back-end equipment to SK Innovation for the latter’s battery factory in Komarom, Hungary, TheElec has learned.The company also supplied some equipment for SK Innovation’s factories in Changzhou, China and the Georgia, the US.KabJin is expected to post over 50 bi

South Korean chemical company Chunbo is planning to expand its electrolyte production. The key will be expanding quickly to narrow its gap with market leader Dongwha Electrolyte, which has an annual production capacity of 33,000 metric tonnes.Chunbo is aiming to secure an annual production capacity

The charging case of Samsung Electronics’ wireless earphones, the Galaxy Buds Pro, will be powered by EVE Energy’s battery, TheElec has learned.The Chinese company is supplying 472mAh small polymer battery. The same battery was previous used for Samsung’s wearable devices such as the Galaxy Watch.Fe

Electric vehicle (EV) __ pure EV, plug-in hybrid and hydrogen __ sales reached 3.2 million units in 2020, 100,000 units higher than expected, EV Volumes said on Tuesday.Unit sales were also much higher than 2019’s 2.62 million.The effects of COVID-19 in the first half of 2020 saw sales slow but new