Samsung Display saw its smartphone OLED panel shipment increase 24.6% quarter-to-quarter during the third quarter thanks to the launch of iPhone 13, according to data from UBI Research.The South Korean display panel maker shipped 124.76 million units of the panels during the third quarter, the analy

Kia may start selling used electric and hydrogen vehicles with car sharing platform company J’Car, TheElec has learned.The South Korean car brand launched its car sharing service called wible BIZ earlier this year.The service lends electric and hydrogen cars through subscription to companies and pub

Cowin Tech said on Thursday that it will spend 8.3 billion won to expand its first factory at Asan.The company said the expansion will triple its production capacity for smart automation system equipment.Cowin Tech is expanding the facility to meet new orders.A company spokesperson said it is aiming

Youngwoo DSP said on Wednesday that it has chosen to lead a national project to develop a new MicroLED package technology.The project given by South Korea’s Ministry of Trade, Industry and Energy is aiming to develop an ultra-small RGB layer based MicroLED manufacturing technology.The project will b

LG Electronics said on Tuesday in its earnings guidance that it is expecting sales of 18.78 trillion won and operating income of 540.7 billion won for the third quarter this year.Sales increased by 22% from a year ago and is its highest quarterly figure to date.However, operating profit dropped 49.6

LG Energy Solution said on Tuesday that it has restarted procedures for an IPO after settling the cost of the recall of Chevrolet Bolt EV with General Motors.The South Korean battery maker had started the procedure back in June but halted it from the US carmaker announcing an additional recall of th

Samsung Electronics said on Friday that it posted 73 trillion won in sales and 15.8 trillion won in operating profit.It is an increase of 9.02% and 27.94%, respectively, from a year ago.The sales figure is its highest to date for a quarter; operating profit is its highest in three years.Samsung’s se

Cosmo AM&T will start operations in November of its factory that recently completed its expansion.The company added 2800mm width coaters to the factory, which can manufacture 14 million meter square of release films used in multi-layer ceramic capacitors (MLCC) per month, Cosmo AM&T said on Tuesday.

Battery production equipment maker Philenergy said on Thursday that it has recorded over 120 billion won in accumulated sales up to the third quarter this year.The figure is an increase of around 6 times over the same time period last year.Philenergy offers notching and stacking kits used in battery

SK IE Technology, the material-making subsidiary of SK Innovation, will start the operation of its first separator factory in Poland during the fourth quarter, the company said.The first factory at Slaskie has an annual capacity of 340 million meter-square, which is enough to provide over 300,000 un

Battery electrode slot die equipment maker GI Tech is aiming to list on KOSDAQ on October 21.The company will be offering 2.7 million shares for sales. It is asking for a price between 11,500 won to 13,100 won per share. Mirae Asset Securities is underwriting the deal. It is seeking up to 35.4 billi

South Korean battery production equipment maker A-Pro will be supplying its charge/discharge equipment to Ultium Cells, the joint venture between LG Energy Solution and General Motors.A-Pro said it will deliver the kits from its research center at Siheung, South Korea, and begin shipping in October.

SK Innovation has officially split off its battery business into a new company called SK On on Friday.Its petrochemical business has also been split off into a new company called SK Earthon.SK On’s first CEO will be Ji Song-seop, who led SK Innovation’s battery business.Ji joined SK Group back in 19

Equipment maker Yunsung F&C said on Thursday that it has been selected to be part of a national project to develop a battery dry electrode process.The company will develop the mixer and film manufacturing kit needed for the process.Hanwha Corporation, which also supplies battery production equipment

Chinese battery giant CATL held a 34% market share in the global electric vehicle (EV) battery market from January to August, according to SNE Research.South Korean rival LG Energy Solution controlled 21.5% during the same time period, while Japan’s Panasonic held 11.1%.In terms of capacity, LG Ener

Schneider Electric and equipment maker Avaco will collaborate to develop battery production equipment aimed at the global market.Avaco will design the equipment and oversee installation while Schneider Electric will provide the South Korean company with its EcoStruxure for Battery, its IoT digital p

SoluM said on Tuesday that it is seeing sales from its supply of server power switch equipment to Intel increasing over 50% per year since 2019.The product it supplies to the chip giant was high-efficiency and high-density and it is seeing orders for the increase every year, the South Korean compone

LG Energy Solution said on Friday that it has developed the technology to have solid-sate batteries chargeable at ambient temperature.The company collaborated with the University of California San Diego for the technology.The pair developed a solid-state battery that can charge over 500 times at 25

BASF and CATL said they will collaborate to build a sustainable battery distribution chain.The pair will collaborate in cathode active material and battery recycling areas.They will work to reduce the carbon footprint of their operations through BASF’s advanced manufacturing process, stable raw mate

Shipment of OLED panels 10-inch or larger exceeded 10 million units for the first time during the first half of 2021, according to UBI Research.This was thanks to high sales of tablets and TVs that use OLED panels, the analyst firm said.According to UBI Research, shipment of OLED panels 10-inch or l