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

SK Innovation has begun placing orders for equipment as part of its plan to expand its second factory at Yancheng, China, TheElec has learned.It has sent letters of intent to its major battery production equipment suppliers. The orders are expected to be completed within the first quarter of 2021.Th

Panasonic and Tesla will begin increasing energy density and secure safety on the 46800 battery they are co-developing, the Japanese maker said at CES 2021.Panasonic has over 30 years experience in battery production and it will begin producing 46800 batteries in the not so distant future after veri

Sono Motors said on Tuesday at CES 2021 that its solar powered electric vehicle Sion has received 12,600 orders from crowdfunding.The company will launch Sion in Europe first, priced at 21,428 euros, around the fourth quarter of 022.The second-generation Sion showcased at CES 2021 can travel 255km w

SFA has supplied inspection equipment to SK Innovation for the latter’s electric vehicle battery factory at Changzhou, China, TheElec has learned.They are vision equipment that uses artificial intelligence (AI). The deal is worth less than US$1 million but as Changzhou factory is planned as a mother

ITM Semiconductor have supplied battery production circuits for IQOS e-cigarettes produced by Philip Morris.The Korean company had been producing the circuits for IQOS 3 in its factory in Vietnam since the second half of 2020, people familiar with the matter said.ITM Semiconductor is also doing batt

Data from China’s General Administration of Customs on Thursday showed that the country’s export of precursors for nickel, cobalt and manganese (NCM) cathode from January to November was 81,649 metric tonnes.This is a rise of 37.2% from the same time period a year ago. Export of precursors for nicke

The planned joint venture between LG Energy Solution and China’s Geely Automobile is in danger of collapsing. There has been no updates since the pair announced that they will form a joint venture in June 2019. In the meantime, Geely has formed joint ventures with CATL and Farasis.CATL recently prop

In 2020, 3.1 million electric cars were sold in 2020, according to EV Volumes.The was a 35% increase from 2019 when 2.62 million electric cars were sold.Electric car sales were slow in the first half of 2020 due to the COVID-19 pandemic but subsidies in Europe and China in the second half increased

Youil Energy Tech was developing roll to roll notching equipment for battery production to reduce its reliance on sales from SK Innovation.The company said 99.9% of its sales in the third quarter of 2020 came from SK Innovation.Youil was currently supplying roll to sheet notching equipment to SK Inn

Panasonic will begin investment into a pilot line to produce Tesla’s 46800 batteries, according to Japanese media Nikkei.The equipment will be placed at Suminoe factory at Osaka city. The news is likely to end speculation that Panasonic and Tesla’s relationship was in trouble. However, it is highly

EcoPro will take part in LG Energy Solution’s electric vehicle battery recycling business, TheElec has learned.It is South Korea material maker’s first deal with LG in 8 years. EcoPro halted precursor supply to LG back in 2012.EcoPro has multiple subsidiaries that can produce cathode and have techno

South Korea battery equipment makers Hana Technology and Korea Vacuum will supply their goods to Tesla for the latter’s battery production, TheElec has learned.They join their compatriots Daebo Magnetic and Koem in joining the US car giant’s supply chain for battery production.Tesla is planning to p