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

Eaton Korea is aiming to expand its supply of electric solutions for data centers in South Korea, its country manager for the country told TheElec.The South Korean data center market is growing quickly from various trends such as AI, Eaton Korea President Oh Seung-hwan said.As data centers need unin

Aluminum parts maker Almac said on Tuesday it has 1.5 trillion won worth of remaining orders.The orders from automobile and battery companies are enough to provide Almac with revenues up to 2030, Almac Executive Director Junpyo Park told a press conference as the company prepares to list on the Sout

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

Samsung Electro-Mechanics said on Tuesday that it has developed two new multi-layer ceramic capacitors (MLCC) for automotive applications.The new MLCCs are 250V, 33nF and 100V, 10microF for 125 Celsius, respectively, in specifications.The South Korean component maker said the two new MLCCs had the h

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

Samsung Electro-Mechanics was conducting research into developing and manufacturing oxide solid-state batteries aimed at IT devices, TheElec has learned.Solid-state batteries use solid electrolytes rather than liquid ones in currently commercialized batteries.The electrolyte, which is between the ca

A-Pro said on Monday that it recorded 60.1 billion won in revenue and 8.2 billion won in operating profit.Revenue jumped 195.6% from a year ago while operating profit turned to the black from a year ago.A-Pro currently has over 140 billion won of remaining orders for battery equipment; the company w

On March 2, multiple automotive chip companies saw their share price drop on the New York Stock Exchange. STMicroelectronics and Wolfspeed saw their prices drop 2.43% and 6.98%, receptively. The cause was Tesla, which announced on the prior day that it plans to substantially reduce the number of sil

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

RAM Tech is reviewing plans to produce electrolytes and additives used in lithium-ion batteries at its planned Dangjin facility, TheElec has learned.The company originally planned to produce just hydrogen fluoride.RAM Tech’s plan to build the facility at Dangjin has resumed after its win against the

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