LG Energy Solution has put in 35 billion won into China’s Greatpower Technology for a 4.8% stake.The South Korean battery maker said on Friday that it will be procuring 20,000 metric tonnes of nickel from the Chinese company from 2023 to 2028.The amount if enough for batteries that can be used in ar

Fab equipment maker Auros Technology has signed a contract with Samsung Electronics to supply 2.2 billion won worth of equipment.It will be providing its overlay equipment to the South Korean tech giant, people familiar with the matter said.Overlay kits are used to check whether the circuits are pre

Samsung Display said on Thursday that it has begun supplying Taiwanese notebook maker Asus with 90Hz refresh rate OLED panels for use in notebooks.It is the company’s first 90Hz OLED panels.The panels will be used in Asus’ 14-inch notebooks Zenbook and Vivobook Pro series.Samsung Display said it wil

SKC said on Thursday that it has formed a joint venture with Japan’s TBM that will produce biodegradable plastic.The venture, called SK TBM Geostone, will manufacture that SKC calls biodegradable LIMEX, starting in 2023.LIMEX is a mixture of polylactic acid (PLA) and polybutylene adipate-co-terephth

Hyundai Motor Group and LG Energy Solution said on Wednesday that they have started construction of their joint battery factory in Indonesia.The factory will be built at Karawang New Industry City on 330,000 meter-square of land.It will have an annual production capacity of 10GWh.The pair is aiming

SK Materials said on Tuesday that it will build a new silicon anode factory at Sangju in South Korea.It will spend 850 billion won to build a plant that manufactures silicon anode and raw materials needed for their production.The factory will be built by its planned joint venture with US firm Group1

Volvo said on Tuesday that it expects to meet its target of selling 15,000 units of vehicle in South Korea this year.The company is also aiming to sell 25,000 vehicles annually in the country within the next five years.Volvo launched its new SUV XC60 in the country on Tuesday.The company said it has

Xavis has been chosen by the Ministry of Trade, Industry and Energy to lead a national project to develop an AI-based x-ray inspection kit for batteries.The company will develop a 15ppm system under the project.Xavis will spend 2.018 billion won for the project __ 1.38 billion won will be provided b

Intel on Thursday unveiled the Xeon E-2300 server processor aimed at small and medium businesses.The processor uses Intel’s C250 series chipset and has 17% increased performance compared to its predecessor, the company said.Memory speed has also increased 23% from the previous generation. The chip a

Haesung Optics said on Thursday that it will exit its camera module and lens businesses.It will focus its efforts on optical image stabilization (OIS) and actuators, the firm said.Back in May, Haesung had said it plans to sell its camera module business while it will reduce its lens operation.But it

SK Innovation said on Thursday that it has signed a deal worth 10.11 trillion won with EcoPro BM to procure battery cathode.The pair will also collaborate in the development of cathode material and battery recycling.TheElec was the first to report on July 20 that EcoPro BM and SK Innovation was in t

Wonik PNE said on Wednesday that it will be supplying Swedish battery maker Northvolt with charge discharge equipment.The kits will be supplied to Vasteras in Sweden, where the battery maker has an R&D center and production line.The contract will last from September 7 to December 31. Wonik PNE didn’

Hana Technology will supply battery production kits to Norway’s Freyr.The South Korean company will supply assembly and formation kits used in the production of semi solid-state batteries in turn-key.Semi solid-state batteries are more stable than conventional lithium-ion batteries and cheaper to ma

LG Chem said on Tuesday that it has developed a foldable cover window using polyethylene terephthalate (PET).The company said it coated both sides of the film with a new material it developed to strengthen its heat resistance and mechanical properties.Foldable cover windows are put atop foldable dis

Battery production equipment maker TSI has won a 1.1 billion won deal with VinFast to supply mixing equipment.The company said on Wednesday that the deal is turn-key and will last until July 16, 2022.VinFast is an automobile maker under Vingroup. Vietnam’s largest conglomerate. It is working to manu

SK Global Chemical said on Tuesday that it plans to change its name to SK Geo Centric, starting on Wednesday.The company also said it plans to spend around 5 trillion won by 2025 to secure an annual capacity to process 900,000 metric tonnes of plastic wastes.It aims to secure the capacity to recycle

Hyundai Motor Company and Kia are planning to apply more high efficiency carbon nanotube (CNT) heaters for their next-generation electric vehicles.The pair are collaborating with suppliers Kwangjin Wintec and Teraon in the development of the heaters.The CNT heaters will be installed as default in pr

LG Energy Solution said on Monday that it will decide on whether it will go through its IPO plan in October.The company had previously stated it intended to go public within 2021.In a statement on Monday, the company said it will consider the recall being commenced by General Motors, which it suppli

Hana Technology will supply its EV used battery performance inspection kit to the Ministry of Environment, the company said on Monday.The kits will be used to check the performances of used batteries collected by the Ministry.Hana Technology has been preparing for the battery recycling business sinc

Posco Chemical said on Thursday that it will build a new factory with OCT for an anode pitch factory.The pair’s joint venture, called PNO Chemical and formed in July 2020, will build a factory with an annual capacity of 15,000 metric tonnes of the material.Together they will spend 74.5 billion won.