Local battery equipment maker mPLUS is targeting European clients such as the joint venture between Volkswagen and Northvolt, along with French battery company Saft operating under French energy company Total.“We plan on aggressively targeting the European battery equipment market this year,” said K

Samsung SDI’s subsidiary STM has sold its battery precursor-making unit to local supplier Cosmo AM&T, industry sources confirmed on Mar. 19.STM sold production lines with an annual capacity of up to 2,400 tons of precursors for an unspecified amount. Precursors are a key component for manufacturing

South Korea’s largest lithium battery cathode-maker Eco Pro BM has developed NCMA cathode that can help raise efficiency of EVs, and is expected to supply them to clients within the first half of this year, according to the company on Mar. 17.NCMA composes more than 80% of nickel and uses less cobal

SK Innovation has begun to improve the quality of electrolyte additives in a joint development effort with DUKSAN Techopia. Industry sources said on Mar. 12 that the pair may begin mass production of the key battery material within this year.The specs have yet to be published, but the new additives

South Korea’s Philoptics is in talks with Samsung SDI on supplying up to 28 units of notching equipment to the Samsung affiliate’s battery facilities in Hungary, according to industry sources on Mar. 11. Samsung SDI has been accelerating investment into its Hungary plant. Industry watchers say the i

South Korea’s LG Chem has suspended its plans to spin off an EV battery unit during the second half of 2020 on concerns of global uncertainties, unstable yield and ESS fires, according to industry sources on March 9. The LG affiliate had planned an IPO for the spin-off, but this too has been put on

The global Energy Storage System (ESS) market is expected to grow by 12-fold to USD 111.8 billion by 2035 from the USD 9.1 billion posted in 2019, according to market research firm Lux Research on Mar. 10.When combined with batteries for EVs and portable devices, the top 3 battery segments are expec

Samsung Electronics has switched from German battery maker Varta to China’s EVE Energy for its latest wireless earphones, the Galaxy Buds+, according to global repair parts seller iFixit on Mar. 4.The earphones used the coin-cell type batteries supplied by EVE Energy, iFixit said. Previous Samsung e

Samsung SDI is considering investing into Philoptics, one of South Korea’s largest EV battery equipment companies specializing in stacking equipment, to create a mutually beneficial partnership.Industry sources said on Mar. 3 that the Samsung affiliate is mulling plans to make direct investments int

Posco Chemical – an affiliate of South Korea’s largest steelmaker Posco – is aiming to more than double its revenues from cathode and anode this year to around KRW 700 billion on the back of more capex, according to industry sources on Feb. 26. In 2019, the firm had posted revenues of KRW 246.4 bill

Korean manufacturer mPLUS has supplied stacking equipment for making batteries to China’s SVOLT Energy Technology, formerly the Battery Business Unit of Great Wall Motor, according to industry sources on Feb.28.Like most Chinese battery makers such as CATL and BYD, SVOLT manufactures mostly square-t

Korea’s Philoptics is looking to triple revenues of its battery equipment-making business this year compared to 2019, according to the company on Feb.27.At a shareholders’ meeting held at its headquarters on this day to vote on a spinoff of its energy business division, the company indicated it is a

Swedish battery maker Northvolt is using battery-making equipment from Lead China, according to industry sources on Feb. 20. The exact size of the deal was not revealed.Considering that another manufacturer – CIS – involved in much less in terms of production had bagged a KRW 40 billion deal with No

US-based startup Inpria, which develops next-generation EUV lithography technology, has secured Series C investment worth USD 31 million, according to the company on Feb. 20.The round was led by Japan’s JSR, which had previously invested in Inpria. Korea’s SK hynix and Taiwan’s TSMC Partners also jo

Over the past 10 years, the energy density of EV batteries appears to have gone up by three-fold to around 300Wh/Kg, according to Bloomberg NEF (BNEF) on Feb. 21. Battery pack prices, at the same time, fell an esimated 87% over the same period to reach USD 135 per KWh.This means that EVs can now dri

Samsung SDI has begun expanding its EV battery facilities in Europe, beginning with its plant in Hungary in a bid to snare orders in the latter half of this year.Industry sources said on Feb. 19 that in line with such moves, Samsung SDI has tapped South Korea’s Philoptics on purchasing stacking equi

SK Innovation will be applying laser tab-welding technology to its EV battery-making lines in Georgia, US to catch up with its cross-town rival LG Chem, according to industry sources on Feb. 17.This marks the first time that the company has been identified to use such technology in its battery produ

Samsung SDI will be applying NCA cathode to its EV battery plant in Göd,, Hungary, in a bid to raise energy density and driving distance per charge, according to industry sources on Feb. 11.With the new cathode material that has a nickel content of more than 80%, Samsung SDI will producing the so-ca

Hit by a double whammy of the coronavirus and minimized electric vehicle (EV) subsidies from the government, China’s total volume of battery use in January was less than half posted in the same period of 2019.Chinese market research firm Battery China said on Feb. 13 that China’s battery use hit 2.3

Samsung Electronics will be applying LG Chem’s battery cells to all smartphones included in its Galaxy S20 lineup, the new flagship series to be revealed on March 6, industry sources said Feb. 5.This would mark the first time for LG Chem cells to be applied to the entire lineup. Samsung SDI will als