Posco Chemical said on Thursday that it won a long-term deal worth 1.05 trillion won to supply battery cathode for use in energy storage systems.The deal is worth 52.9% of its revenue last year and will last until 2026.The South Korean chemical firm didn’t reveal its customer but said its cathodes w

Avaco has succeeded in winning an order for copper foil slitters from Iljin Materials, TheElec has learned.The deal is a big win for Avaco, which has been aiming to expand in the battery production equipment sector since 2020. Prior to the expansion, the company had mostly manufactured display produ

Nsys said on Monday that it has completed its new battery production equipment factory that will manufacture inspection and formation equipment.The company spent 16.7 billion won on building the factory at Asan, which went into construction last year in October.Nsys specializes in battery inspection

Display equipment maker Toptec is expected to take part in the bidding process for BlueOval SK’s battery equipment order next month, TheElec has learned.The joint venture between battery maker SK On and US car giant Ford is planning to place orders for equipment it will use for its planned factory i

BlueOval SK, the battery joint venture between SK On and Ford, is expected to resume spending on building battery factories in the US next month, TheElec has learned.The latest spending round will be their planned factory in Tennessee. BlueOval SK is expected to spend 3 trillion won in total for the

Hana Technology said on Thursday that it recorded 58.9 billion won in revenue and 2.7 billion won in operating profit during the first half of 2022.Revenue more than doubled compared to the same time period a year ago while it returned to profitability from last year.Hana Technology said it won larg

SK On’s battery cathode joint venture in the US with Ford and EcoPro BM will likely procure the precursor needed from a company based in South Korea owned by China’s Ningbo Ronbay New Energy Technology.Precursors and lithium are needed to produce cathode and these materials are difficult to procure

Samsung SDI is seeking to add more suppliers of electrode equipment besides Hanwha Corporation, TheElec has learned.The South Korean battery maker is planning to apply a bidding process for the next batch of electrode equipment it uses, sources said.The new policy is expected to start with its plann

SFA was in the final stages of talks with Northvolt to supply battery production equipment, TheElec has learned.The pair was in the stage of discussing unit prices and wrapping up the talks, sources said.SFA became the preferred candidate for the equipment for back-end and logistics processes over r

Samsung SDI’s spending this year to expand its battery production capacity is expected to exceed that of 2021, TheElec has learned.The South Korean battery maker is expected to especially focus on expanding its cylinder battery production capacity.Samsung vice chairman Lee Jae-yong, the leader of th

Battery production equipment maker Hana Technology was in talks with a South Korean battery cell company to supply equipment for the production of solid-state batteries, TheElec has learned.The pair are discussing a turn-key deal for assembly kits, sources said, which will include jelly roll injecto

LG Energy Solution was aiming to standardize its battery production to increase productivity with the ultimate aim to make the production line autonomous, TheElec has learned.The effort is being led by LG Energy Solution vice chairman Kwon Young-soo, who has been holding top management meetings with

Jeil Machine & Solution (M&S) said on Wednesday that it has completed the construction of its new factory in its Gimhae facility.The factory, which the company spent 15 billion won to build, will focus on manufacturing mixing equipment used in battery production.Mixing equipment are very large so th

Samsung is planning to use three battery suppliers for its new foldable smartphones launching next month.The company is planning to use batches made by Samsung SDI, LG Energy Solution and ATL, sources said.Samsung had used only Samsung SDI as a supplier for its first foldable smartphone Galaxy Fold.

Hyundai Motor had up to recently considered using batteries made by China’s CATL in all its vehicle models, TheElec has learned.The pair had discussed replacing lead-acid batteries used in both gas-run and electric vehicles with lithium-ion batteries, sources said.They have even agreed on the size a

Samsung SDI, besides the 4680 (46 diameters, 80mm length) batteries it is developing for Tesla, has added two new cylinder batteries spec in its development project, TheElec has learned.Besides 4680, a spec Tesla unveiled for the first time back in September 2020, the South Korean battery maker will

Hanwha Momentum, the battery equipment business unit of Hanwha Corporation, was actively hiring staff, including those from Samsung and LG, to bolster its battery equipment operation, TheElec has learned.The business unit had recently hired Kwon Ki-suk, whose previous position was an executive advis

BMW is planning to collaborate with South Korean suppliers in the production of solid-state batteries, TheElec has learned.BMW’s South Korean subsidiary will meet various suppliers in equipment and materials and report back to headquarters in Germany.Those from BMW are planning to meet suppliers in

LG Energy Solution said on Wednesday that it plans to reevaluate its plan to build a battery plant in Arizona.The company said it was reevaluating when it will invest and how much due to the increased amount needed from the economic downturn.LG Energy Solution said nothing was finalized at the curre

Chinese battery equipment maker Lead said on Tuesday that it will be supplying Volkswagen.The turn-key deal will see Lead supply kits for electrode, assembly and formation processes for a capacity of 20GWh.The equipment will be installed next year at the factory in Salzgitter, Germany. Lead will hav