SK IE Technology, the battery material subsidiary of SK Innovation, will spend 1.3 trillion won to build two more copper foil factories at its plant in Slaskie, Poland.The third and fourth factories will each add 430 million meter-square in annual production capacity.The combined annual production c

SK Innovation has sent a petition to the International Trade Commission (ITC) asking for a grace period on the 10-year import ban it received from the commission, people familiar with the matter said.The move is considered a way for SK to buy time to prepare for the legal battle ahead with LG Energy

LG Energy Solution said on Friday that SK Innovation was "misleading the facts" and not accepting the ruling made by the International Trade Commission (ITC) on the pair's trade secret lawsuit.LG Energy Solution made a public proposal to SK Innovation for a joint review of the evidence listed on the

SK Innovation said on Friday at its shareholders’ meeting that it cannot accept demands made by LG Energy Solution in the pair’s settlement negotiations after the ruling made by the International Trade Commission (ITC).SK Innovation director Lee Myoung-young said it was impossible to accept demands

South Korean battery equipment maker Mplus said Thursday that it was expecting double digit growth in 2021.Mplus CEO Kim Jong-sung said the company strengthened its sales staff to win orders from new customers in Europe and was expecting noticeable results this year.Both sales and operating margin r

The vice chairman of LG Chem, the parent company of LG Energy Solution, said on Thursday that SK Innovation must pay a reasonable compensation for stealing trade secrets.LG Chem vice chairman Shin Hak-cheol said it was a “shame” that SK Innovation wasn’t accepting the ruling made by International Tr

LG Electronics on Wednesday approved the motion to split off its powertrain business to form a joint venture with Magna International at a shareholders’ meeting.The new subsidiary, called LG Magna E-Powertrain, will be formed on July. Manga will buy a 49% stake in the company.The pair announced the

US President Joe Biden must reject a ruling made by the International Trade Commission (ITC) against SK Innovation in its lawsuit with LG Energy Solution, former US Attorney General Sally Yates said.The ruling threatens the creation of jobs in Georgia, where SK Innovation is building a battery plant

Kokam has placed orders for equipment that will be used in its new factory at Eumseong.The new factory is planned to have a production capacity of 2GWh per year, twenty times that of its factory at Nonsan. The company’s current capacity is 100MWh. The new factory is planned to go live within 2021. I

Last week, Asahi Kasei announced that it was planning to spend 30 billion yen to expand its annual battery separator production capacity by 350 million meter-square.The new factory will be built near its existing factory in Hyuga, Miyazaki, and go live in the first half of 2023. Combined, the Japane

LG Chem said on Tuesday that it will be collaborating with South Korean startup Innerbottle in plastic recycling.The pair will build what they call a Plastic Eco-Platform, in which plastic made by LG Chem and bottle by Innerbottle will be collected by a distributor to be reused in the same way by th

Chinese battery maker Svolt has unveiled a pouch-type battery for the first time at China International Battery Fair 2021 held at Shenzhen.The battery will be made in collaboration with compatriot EVE Energy.More and more Chinese battery companies are strategically expanding their pouch-type battery

The global shortage in cylinder batteries is taking a serious term as multiple power tool companies, including Stanley, Bosch, and Makita, have sent multiple requests for batter supplies to LG Energy Solution and Samsung SDI, people familiar with the matter said on Friday.Some of the companies have

South Korea’s SK Group and Chinese automobile giant Geely on Thursday said they will form a joint fund worth US$300 million to invest in the new mobility sector.The pair will each put in US$30 million first then seek global investors such as European banks and Asian pension funds to pitch in the res

Volkswagen will procure pouch-type batteries from Chinese company A123.According to Chinese media Jiemian, A123, a part of China’s Wanxiang business group, was preparing to supply pouch-type batteries to the German automobile giant within the next two years. The batteries are expected to be applied

Samsung SDI is expected spend over 1.7 trillion won to expand its battery facilities this year.The company held its 51st annual shareholders’ meeting on Wednesday. Three motions, which included the naming of two new directors, were passed without a hitch.Samsung SDI CEO Jun Young-hyun said the compa

LG Energy Solution said late on Tuesday that the company needed “reasonable compensation” from SK Innovation for violating its trade secret.LG was responding to SK’s statements earlier that claimed LG was attempting to “monopolize” the US battery market. It was revealed last week that LG sent a lett

Nsys will aim to supply electrode equipment to LG Energy Solution’s third factory at its battery plant in Poland this year, the company said on Tuesday.The company was also considering setting up a subsidiary in Poland, if it succeeds in winning the new orders from LG, it said.Nsys has consistently

SK Innovation on Tuesday expressed its “strong regret” on recent announcements made by LG Energy Solution, claiming that the latter was “distorting the truth” and attempting to “monopolize” the US market.SK’s statements are largely in reaction to LG’s letter sent to US Senator Raphael Warnock last w

Posco Chemical CEO Min Kyung-zoon said on Monday that the company will accelerate its shift in business focus to battery materials going forward.Speaking at the firm’s 50th annual shareholders’ meeting at Pohang, Min said the company will expand its investments into marketing-leading technology and