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

Samsung SDI has decided to form a joint venture with local battery cathode supplier EcoProBM in a move to secure a more stable supply of batter-manufacturing material for electric vehicles, according to industry sources on Feb. 6.A formal announcement is expected next week. Each company is likely ta

SK Innovation’s shipment of batteries for electric vehicles (EVs) jumped three times in 2019 from a year earlier, according to global information service EV-volumes on Jan. 15.EV Volume said that last year, SK Innovation’s battery shipment was estimated at 3.5GWh to become the seventh-largest global

A deal for selling an award-winning South Korean battery equipment firm has fallen through, triggering controversy over who or what was the problem, industry sources said on Jan. 16.They noted that Chinese energy firm Blest has issued a disclosure saying that it won’t be acquiring Him-tech because t

POSCO, the largest steelmaker in Korea, has revved up its business for producing precursors, a key element in EV batteries. The firm is now expected to accelerate its company-wide project for producing anode.On Jan. 14, China’s Huayou Cobalt said that Huayu POSCO – its joint venture with POSCO, has

More Chinese battery makers are being added to the supplier portfolio of Korean smartphone makers such as Samsung Electronics and LG Electronics that are increasingly pursuing ODM smartphones.Industry sources said on Jan. 6 that companies like ATL and BYD are mass producing the batteries they plan t

South Korea's LG Chem has signed on with Chinese supplier Lead China to be supplied with key manufacturing equipment at its battery plant in Nanjing, according to industry sources on Jan. 2.The decision came based on relations with the Chinese government and its ties with local carmakers, the source

Samsung SDI will be the sole supplier of the initial order of batteries for the Galaxy Note 10 Lite, a budget model that’s likely to debut in early 2020 from Samsung Electronics, according to industry watchers on Dec. 30.This would be SDI’s fourth time supplying the Note series since the Galaxy Note

The government will delay announcement the results of its investigation into the fires at Energy Storage Systems (ESS) over the past three years to 2020 as the local battery industry suffering from a lack of ESS orders.Industry sources said on Dec. 26 that the Commerce Ministry has officially postpo

LG Chem is preparing to mass produce EV batteries from its new plant in Nanjing, China as early as 2020 after going through a pilot run in November this year, according to industry sources on Dec. 18.The company has completed its phase 1 investment, a year and two months after the ground-breaking ce

South Korean battery-making equipment manufacturers are tapping into the European markets. On the surface, they said it’s to respond to the growing number of local battery makers who are relocating there, but industry watchers say the real reason is to seek new opportunities in the EU where EV batte

SK Innovation has begun acting on its plans to produce Lithium Battery Separators (LiBS) over the next three years by kick-starting the operation at its new plant in Jeungpyeong of North Chungcheong Province.On Dec. 17, SK i.e. Technology – the sister company of SK Innovation handling material produ