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

LG Energy Solution said on Thursday that its lithium iron phosphate (LFP) battery for energy storage systems (ESS) was level in performance with its nickel cobalt manganese (NCM) counterparts.Its own test showed that its NCM batteries for ESS had a round trip efficiency (RTE) of 97%, while its LFP v

SK On said on Thursday that it has developed an oxide solid electrolyte with high ion conductivity.The South Korean battery maker, together with Dankook University Professor Hee Jung Park, coated a controllable additive on Li-La-Zr-O that improved the ion conductivity by 70% than before (1.7 mS/cmž)

EcoPro said on Wednesday that it will form a subsidiary EcoPro Cam Canada LP that will handle the building of a new battery cathode plant at Bécancour, Quebec, Canada.Approximately 1.2 trillion won has been earmarked for the project, with half of the amount to be delivered by EcoPro Cam Canada LP an

LG Chem is planning to sell its IT film business as part of its wider plan to restructure its non-essential businesses, TheElec has learned.Sources said the company is planning to sell the business unit within the year.LG Chem earlier halted the operation of its petrochemical plant in Yeosu and is r

SungEel HiTech said on Monday that it will build a battery recycling park in the state of Indiana in the U.S.It will be the company’s second such facility following its one in Georgia.SungEel HiTech has set up its subsidiary SungEel Recycling Park Indiana in May in preparation.The park, which will s

SK On said on Wednesday that it will spend 1.5 trillion won to build a third factory at its battery production facility in South Korea.The battery maker will build the new factory on 44,125 meter-square of land at the facility.It is SK On’s largest spending plan to date for its home country.The thir

Dongwha Electrolyte is preparing to produce electrolytes used in batteries at its factory in Soskut, Hungary, TheElec has learned.The company was actively hiring local workers in preparation, sources said. Dongwha will hire approximately 40 workers for the factory is aiming to increase its operation

Battery recycling startup Green Li-ion said on Friday that it plans to enter the South Korean market.The Singapore-based company was founded in 2020 and has investors such as GS, Envisioning Partners, and TES. It has received US$36 million in funding so far.Most battery recycling companies use their

Samsung SDI is planning to expand its battery factory at its facility in Goed, Hungary, within the year, TheElec has learned.The South Korean battery maker is planning to expand its second factory (the building of which was called stage one internally; the expansion is called stage two) to manufactu

German-based Paul & Co is expanding its footprint in the fast-rising battery and electric vehicle markets.Founded in 1893, the company offers paper products such as cores, edge protectors, and core boards, and is part of the Kunert Group. Paul & Co Asia handles business in South Korea.The company’s

The EU parliament has passed new regulations with the aim to make batteries more durable, more sustainable, and better performing.EU Batteries and Waste Batteries Regulation covers the whole lifespans of batteries, from raw material to distribution with specific goals in the collection of used batte

LG Chem said on Monday that it has started production of a high-nickel, single-crystal cathode that it says will increase the performance of electric vehicle batteries.Production has started at its facility in Cheongju and the first batch will be delivered to a customer starting next month.LG Chem s

Xavis said on Friday that it has developed a new 3D CT inspection equipment for batteries.The company used AI technology to reduce the noise and offer cleaner images, CTO Byungseok Min at a press conference during InterBattery 2023 in Munich.Xavis is conducting sales activity for the equipment to ba

Posco said on Wednesday that it will spend 1.5 trillion won with China’s CNGR to build nickel and precursor factories in Pohang, South Korea.Posco and CNGR will own 60% and 40% of the stock, respectively, of the nickel processing factory that will produce nickel sulfate.For the precursor factory, Po

Accelerator RedElec, which specializes in semiconductors, batteries, and displays, said on Thursday that it has formed its first venture investment association worth 2.5 billion won.The association, called RedElec Battery First Investment Association, will become the initial investor of promising st

Posco Holdings said on Tuesday that it will begin producing lithium hydroxide in South Korea.The new factory will use lithium carbonate extracted from brine in Argentina to produce the material, which is used to make electric vehicle batteries.The factory will be built at Posco’s plant at Youlchon a

LG Energy Solution and Hyundai Motor Group are reviewing a plan to apply Z-stacking in their joint battery factory in the US, TheElec has learned.The pair’s joint factory in Indonesia, HLI Green Power, has already applied the method, which stacks battery materials cathodes and anodes alternatively o