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

LG Energy Solution and Hyundai Motor Group said on Friday that they will build a joint electric vehicle battery factory in the US.It is their second joint EV battery factory after Indonesia.The factory in the US will be located at Brian County in Georgia where Hyundai Motor Group Metaplant America,

EcoPro BM said on Wednesday that it plans to spend 629.4 billion won in total in South Korea and Canada to expand its battery cathode production capacity.It will spend 473.2 billion won at its Pohang facility and another 156.2 billion on EcoCAM Canada, its subsidiary in the North American country.At

Battery contract producer JR Energy Solution said on Wednesday that it has started construction of its first factory.The factory will manufacture the cathode and anode electrodes for its battery customers.JR Energy Solution will spend 40 billion won initially and 305.6 billion won in total up to 202

Battery equipment maker Hana Technology has signed a strategic collaboration agreement with its Chinese counterpart SINVO, TheElec has learned.Shenzhen-based SINVO was founded in 2006 and has so far supplied battery production equipment for small batteries.It has supplied its equipment to battery ma

LG Energy Solution has formed a new team dedicated to developing 4680 batteries, a standard widely used by electric vehicle giant Tesla.The team is called New Form Factor Task and is based at the South Korean company’s plant in Ochang, South Korea.The NFF Task is led by vice president Ryu Deok-hyun

Battery equipment maker Philenergy is preparing to launch battery equipment aimed at 4680 cylindrical batteries, TheElec has learned.The standard was popularized by Tesla and is being adopted by other automakers BMW, Volvo and Stellantis as well.South Korean battery maker Samsung SDI invested 5 bill

Battery cathode makers are competing to launch a cathode with a single crystal structure first as the technology can increase the performance of electric vehicle batteries substantially.LG Chem, EcoPro BM and L&F are all planning for mass production; LG Chem is planning to launch theirs within the y

Battery equipment maker Avaco is expected to begin supplying its new roll press equipment to LG Energy Solution within the year, TheElec has learned.Roll press equipment is used during the electrode process in battery production to form positive and negative tabs.Avaco’s equipment is used to form th

LG Energy Solution and Toyota are expected to finalize their collaboration on supplying electric car batteries in the US.The South Korean battery maker already has a battery joint venture with another Japanese automobile giant Honda.Sources said if LG Energy Solution takes a similar route with Toyot

LG Energy Solution said on Tuesday that it plans to spend 600 billion won on its battery factory at Ochang, South Korea up to next year to upgrade the facility.The South Korean battery maker said it wants to make the facility the Mother Factory for all its production facilities worldwide, or a globa

EcoPro said on Monday that it has started construction of its first foreign battery factory in Hungary on Friday last week.EcoPro and affiliates will spend 382.7 billion won to build the factory at Debrecen, which will be completed next year and begin mass production in 2025.The South Korean battery

Hana Technology is expected to win orders for battery production equipment from SK On for the expansion of its battery facility at Seosan, South Korea, TheElec has learned.Hana Technology formed close ties with SK On when it became the vendor for tab welding and packaging equipment in 2021 to be use

Samsung SDI was collaborating with two Chinese companies to develop new stacking equipment used in battery production, TheElec has learned.There were two other South Korean companies that were also bidding for the project but they lost out to their Chinese competitors, sources said.Stacking is alrea

Samsung SDI is planning to add 3D CT scanning in its battery production, TheElec has learned.The inspection will be done in-line and the company has already adopted the system at its factory in Goed, Hungary.The equipment was supplied by SFA, which has been supplying them to battery cell makers sinc

SK On is expected to double the production capacity of its Seosan plant than initially planned, TheElec has learned.The South Korean battery maker had planned to aim for an annual production capacity of 10GWh.But this has now been increased to over 20GWh, at least four times higher than the plant’s

The bosses of auto giant Hyundai Motor and battery maker CATL had met in March to discuss further collaboration between the pair, TheElec has learned.CATL CEO Zeng Yuqun visited South Korea during the month and met with Hyundai Motor executive chairman Chung Eui-sun. They had already met three month

EcoPro said on Thursday during its shareholders meeting that it plans to invest in mining companies to be involved directly with procuring materials used in battery production.In the long term, the company said it wants to invest in the mines themselves.This means that EcoPro, which manufactures cat