Samsung SDI has finalized its plan to build a third battery factory in Hungary, TheElec has learned.The company is expected to spend over 6 trillion won in expanding its overall facilities this year __ over 1 trillion won of that will go into building the third factory, sources said.Samsung SDI is e

Korea Zinc’s aim to change its corporate charter which it claims is needed to pursue future business opportunities has met an aggressive response from Young Poong Corporation, the largest shareholder of the smelter.Korea Zinc, founded in 1974, has been co-managed by Korea Zinc’s Choi family and Youn

LG Chem is planning to start the operation of one of its key subsidiaries for battery materials one month earlier than planned, TheElec has learned.The precursor factory being built by Korea Precursor Corporation (KPC), the joint venture between LG Chem and Korea Zinc’s subsidiary Kemco, is expected

LG Energy Solution said on Thursday that it has signed a battery cathode procurement agreement with Chinese cathode maker Changzhou Liyuan New Energy Technology.The South Korean battery maker will buy lithium iron phosphate (LFP) cathode for batteries aimed at electric vehicles and energy storage sy

South Korea’s export of battery cathode in January increased by 20% from the prior month, according to data from the Korea International Trade Association.Export reached US$649 million in January, a drop of 43% from a year earlier but an increase of approximately 20% from December.The figure is also

Battery diagnostic company MinTech said on Friday that it made security filings to financial authorities to list on the Kosdaq.The company is offering 3 million shares with a price per share between 6,500 won and 8,500 won.MinTech hopes to raise 19.5 billion won through the listing and a valuation o

LG Energy Solution is planning to begin production of 4680 batteries in South Korea in August at the earliest.Company CEO Kim Dong-myung told reporters on the sidelines of the regular meeting of the Korea Battery Industry Association that the battery maker will start manufacturing the battery type b

Samsung SDI is considering using equipment supplied by Chinese vendors to form its lithium iron phosphate (LFP) battery production line, TheElec has learned.The South Korean battery maker recently hosted a closed-door conference at its plant in Cheonan, South Korea, explaining its plan to potential

Samsung SDI is upgrading the way it is manufacturing solid-state batteries at its test production line, TheElec has learned.The tech giant is adding warm isotactic press (WIP) that uses water and roll pressing processes to their production, sources said.The pressing in solid-state batteries must don

LG Energy Solution is attempting to outbid sister company LG Electronics for equipment orders that will be placed by its joint venture with Hyundai Motor Group, TheElec has learned.LG Energy Solution and Hyundai Motor Group’s battery-making joint venture in the US is expected to start placing orders

Samsung SDI CEO Yoonho Choi has returned from his trip to the US that aimed to strengthen ties with customer Stellantis, TheElec has learned.Choi returned on November 30 which he left for the preceding weekends, sources said.His visit is noticeable as it was made before Samsung Group announced its y

More and more electric vehicles are using lithium iron phosphate (LFP) batteries by the day. However, some consider LFP batteries to be more difficult to recycle compared to other battery types.Enter Green Li-ion, which said on Monday that it has developed a recycling technology and was ready to shi

German battery recycling firm Duesenfeld said on Tuesday that it has won the German Sustainability Award 2024.The award, which is in its sixteenth year, selects companies that take climate change and the environment seriously and provide innovation and environmentally friendly processes.Duesenfeld w

SK On has moved staff that focused on prismatic batteries to its research team for 4680 cylinder batteries, TheElec has learned.The battery type is being developed by almost all major lithium-ion battery makers such as LG Energy Solution, Samsung SDI, and Panasonic as well as Chinese battery makers

LS Cable & System Asia, the largest cable maker in Vietnam, is entering the rare-earth mineral market, TheElec has learned.The company plans to collaborate with a local company, and then supply the minerals to affiliate LS MnM that will smelt them, sources said.Rare-earth minerals refer to 17 heavy

Battery equipment maker Toptec said it has won a large deal to supply its kits to a battery assembly line.Though the company didn’t name its customer, it is highly likely the joint venture between Hyundai Motor and SK On, which is planning to build an EV battery plant in the US.With this latest deal

US car giant Ford has hired a key executive from battery maker Samsung SDI to develop electric vehicle batteries, TheElec has learned.Ford named Kim Sung-hoon, who was a vice president at Samsung SDI, as Chief Battery Engineer, sources said.This is the first time that the US carmaker has given a lea

Samsung SDI said on Monday that it will be supplying Hyundai Motor with batteries for electric vehicles.The South Korean auto giant so far only used batteries from LG Energy Solution and SK On, Samsung SDI’s South Korean rivals.Hyundai Motor will use Samsung SDI’s batteries starting in 2026 for seve

LG Energy Solution said on Thursday that it has signed a long-term contract with car giant Toyota to supply 20GWh of electric vehicle batteries per year.The South Korean battery maker will spend 4 trillion won up to 2025 at its Michigan plant to build a dedicated battery cell and modular line to sup

EcoPro Materials said on Tuesday that it was issuing 14.47 million new shares for its listing on the Korean exchange.The upper cap is 46,000 won and it is hoping to raise up to 665.9 billion won from the listing.EcoPro Materials, a subsidiary of battery cathode maker EcoPro, produces precursors used