Subcontractors have demanded that LG Chem change its no down payment policy for purchase orders, TheElec has learned on Tuesday.Currently, equipment makers supply equipment to the battery giant without a down payment. Before 2018, they have received a down payment, intermediate payment and final pay

Electric vehicle (EV) battery makers are gearing up to launch new batteries that have fast-charging applied with higher energy density to boost travel distances.Panasonic will produce new 21700 batteries that have 5% higher energy density compared to its predecessor at Tesla’s Nevada Gigafactory in

Zhejiang Huayou Cobalt will build a new nickel sulfate factory at Quzhou City, TheElec has learned.The factory will produce 30,000 metric tonnes of the material when completed.The move by China’s largest cobalt maker is aimed at lowering its reliance on cobalt, which is being used less, to secure pr

SK Innovation will collaborate with Nobel laureate and professor John B Goodenough of the University of Texas at Austin to develop next generation batteries, the company said on Thursday.They research solid-state electrolyte together to realize lithium metal batteries, the South Korean energy compan

Tesla has requested LG Chem handover carbon emission data from its battery production, TheElec has confirmed.The US electric vehicle (EV) has said it wanted sustainable production and asked the South Korean battery maker to send over its carbon emission rate before supplying its batteries, people fa

SK Innovation’s joint venture partner in China, Eve Energy, will be supplying batteries to autogiant BMW for electric vehicles (EV).Eve Energy’s subsidiary Hubei Jinquan will be supplying batteries to BMW Brilliance, the car makers Chinese joint venture, the company said on Thursday.The specifics of

Display equipment maker H&Iruja is planning to enter the battery equipment business, TheElec confirmed on Wednesday.The company is yet to decide which equipment it will make. However, it is leaning more towards equipment used in the assembly process such as cutting and folding instead of formation a

Samsung Electronics will get their battery supply for the upcoming Galaxy Fold 2 and Galaxy Z Flip 5G foldable smartphones from Samsung SDI, people familiar with the matter told TheElec on Tuesday.Previously, Samsung SDI was the supplier of batteries for Galaxy Fold and Galaxy Z Flip.The company was

South Korean battery electrolyte company Enchem will form a joint venture with China’s Huzhou Kunlun Power Battery Materials, the company said on Monday.Enchem will make an equity investment to its Chinese counterpart. The two will also co-develop new electrolytes and construct the world’s biggest e

Chinese battery materials producer GEM is expanding its production and supply of precursors for anode materials.The company said in its investors relation conference on Thursday that its shipment for precursors with less than 5% cobalt (Ni92) exceeded 10,000 metric tonnes last year.GEM has also begu

LG Chem has sued SK Innovation to Seoul Central District Prosecution Office again, people familiar with the matter told TheElec on Wednesday.LG was likely putting pressure on SK and using the lawusit as an added bargaining chip to receive a higher amount of settlement in their trade leak lawsuit. LG

Samsung SDI will soon wrap up its 200 billion won project to increase the safety at its energy storage systems (ESS) in South Korea, TheElec has learned.The company has applied shock detection sensors, commenced firmware updates and installed fire extinguishing systems at existing ESSs at around 1,0

PNE Solution have failed to clinch Northvolt’s order for battery equipment that would have been used in commercial production lines.South Korean battery equipment maker said Monday it failed in its bid to supply formation equipment to the Swedish electric vehicle (EV) battery maker.It’s competition

SK Innovation has begun the construction of its second factory at its electric vehicle (EV) battery plant in Georgia in the US, TheElec confirmed on Thursday.The company has wrapped up the foundation work for the factory and has started construction of the building. The second factory is at Jackson

The leaders of South Korea’s SK Group and Hyundai Motor Group met Tuesday to discuss collaboration in electric vehicles (EV) and future mobility technology, the companies said.SK Group chairman Chey Tae-won met with Hyundai Motor Group executive vice chairman Chung Eui-son at SK Innovation’s battery

Battery equipment make A-Pro expects a sales growth of 30% in 2020 thanks to its client LG Chem’s aggressive expansion of factories, the company said on Friday.The South Korean firm said has marked an annual average growth rate of 73.8% in the past three years, in its press conference at Yeouido ahe

Companies in the South Korean battery industry are looking to commence initial public offerings (IPO) on KOSDAQ from the South Korean government's move towards boosting the electric vehicles market to jump start the economy that has been damaged by the COVID-19 pandemic.A total of six companies have

Posco Chemical has begun construction of its synthetic graphite cathode factory at Pohang, South Korea, on Thursday, the company said.The company decided to invest 217.7 billion on to build the factory at a board meeting on March 30.The factory will have an annual production rate of 16,000 metric to

LG Chem is planning to begin production of batteries with nickel, cobalt, manganese and aluminum (NCMA) anode materials beginning in 2021, people familiar with the matter told TheElec on Tuesday.This is a year earlier than its initial goal of beginning production in 2022, they said. The batteries wi

South Korean battery pack maker Elentec will supply its goods to world’s largest motorbike maker Honda, people familiar with the matter told TheElec on Friday.LG Chem has won a battery supply deal with the Japanese giant for the latter’s e-scooters. LG is using Elentec's battery packs for the supply