Ultium Cells, the joint venture between LG Energy Solution and General Motors, will start recycling batteries starting this yearThey will collaborate with US battery recycling firm Li-Cycle for the process, LG Energy Solution said on Wednesday.Various materials in used batteries such as cobalt, nick

EVE Energy will start supplying pouch batteries to Hyundai Motor Company for their new electric cars, TheElec has learned.The Chinese battery maker said it plans to produce 10GWh of pouch batteries this year.EVE Energy won a six year contract to supply Hyundai Motor and Kia with pouch batteries back

LG Chem said on Tuesday that it has invested 150 billion won in a fund that plans to invest in promising battery material companies.The South Korean chemical giant has put in money in Korea Battery & ESG Fund run by local hedge fund IMM Credit Solution.The fund will be worth over 400 billion won and

YoulChon Chemical was in talks to supply lithium-ion battery pouch to Samsung SDI, TheElec has learned.The chemical firm’s pouch film has recently secured quality approval from the South Korean battery maker.The film will be used in Samsung’s newly developed small battery.YoulChon will be supplying

SK IE Technology on Tuesday listed on Seoul stock market.At the listing ceremony, company CEO Roh Jae-sok said SK IE Technology will work to secure differentiated technology in battery separators to contribute to the growing electric car industry.The separator currently has a capacity of 1.03 billio

SK Innovation is planning to increase the amount of cathode used in battery production that it manufacture on its own instead of getting them from suppliers.The South Korean energy firm is hoping up to 20% of the total cathode it uses its procured by itself in the mid- to long-term, people familiar

Samsung Electronics will use batteries made by China’s Amperex Technology Limited (ATL) for its upcoming foldable smartphones, TheElec has learned.The South Korean tech giant is planning to launch the Galaxy Z Fold 3 and Galaxy Z Flip 2 later this year.It will mark the first time that it is using AT

EcoPro BM said on Tuesday that it was in talks with a European company to build a cathode factory in the continent for a potential supply deal.The Korean battery material firm is aiming to have the factory begin operating between 2024 and 2025.It has received cathode supply request from multiple Eur

LG Electronics is considering selling its battery separator business to LG Chem, TheElec has learned.Under the plan, which is being reviewed by LG Electronics, it will transfer control over its related factories in Cheongju, South Korea and Wroclaw, Poland, to LG Chem.Representatives of the companie

LG Energy Solution has applied a new degassing process to the first battery factory of Ultium Cells, its joint venture with General Motors, at Lordstown, Ohio, TheElec has learned.The degassing process is a back-end process done before packaging during pouch battery production. Previously, cells wer

Battery separator shipment in China increased by 36% in 2020 from a year prior, according to local research institute Gao Gong Industry Institute (GGII).A total of 3.72 billion meter-square of separators were shipped in the country in 2020.This is double that of 2 billion meter-square shipped in 201

SK Innovation said on Friday that it will collaborate with affiliate SK Rent-a-Car to develop a battery usage data analysis system.The system will be used predict battery life and potential overheating in battery for electric cars.The system will be trialed in electric cars that are rented out by SK

LG Energy Solution was considering procuring lamination equipment from South Korean equipment maker DSK, TheElec has learned.The South Korean battery maker has previously secured the equipment from Shinjin Mtec and Naintec.LG is the only company to apply the lamination process to battery production.

SK Innovation and Kia said on Thursday that they have secured technology to reuse lithium in used batteries.The pair has also laid the foundation for an ecosystem around recycling used batteries, they said.The companies have been trialing their battery recycling business for the past year.SK Innovat

SK Innovation said on Wednesday that it sold 40% of its stake in SK Lubricants to IMM Credit Solution.SK Lubricants was valued at 3.3 trillion won by the pair. The stakes were sold at 1.1 trillion won minus debts. Citigroup Global Markets Korea Securities underwrote the deal.SK Innovation said it wi

LG Chem said on Wednesday that it has recorded 9.65 trillion won in revenue and 1.4 trillion won in operating income in the first quarter.Operating income beat South Korea analysts’ consensus of 950 billion won by a large margin.The company’s sales and operating income increased 43.4% and 584, respe

Hana Technology said on Wednesday that it has signed a contract to supply 11 billion won worth of battery production equipment.The customer was a US battery firm, it said. Hana didn’t name the customer.It will be supplying manufacturing equipment, including formation equipment, for prismatic battery

Samsung Electronics said on Wednesday that the family of late chairman Lee Kun-hee will pay over 12 trillion in inheritance tax.They will also pay 1 trillion won in donation for philanthropic works.Members of the family hope to honor the life of the late chairman and his “commitment to corporate cit

South Korean cathode maker EcoPro BM said on Wednesday that it has signed a contract with China’s GEM to procure precursors for high-nickel cathodes.EcoPro BM will import precursors used in the production of NCA (nickel, cobalt and aluminum) and NCM (nickel, cobalt and manganese) cathodes from its C

SK IE Technology has finalized its share offer price for its upcoming IPO in May.A total of 1,734 institutional investors partook in its demand forecast from April 22 to 23. The price has been set at 105,000 won per share.Around 63.2% also committed to retaining their ownership of shares for six mon