Batteries, biopharmaceuticals, and chips. These three products are largely considered to be Samsung’s three growth engines today by observers of the South Korean conglomerate.Samsung SDI is the subsidiary that handles batteries.But in contrast to the other two products, Samsung SDI’s investment in t

CATL chairman and CEO Robin Zheng will visit South Korea next week to meet executives of Hyundai Motor Group, TheElec has learned.Zheng’s visit is made to strengthen the Chinese battery giant’s partnership with Hyundai Motor, which uses CATL batteries on its Niro EV models.The CATL CEO is very likel

Hyundai Motor was reviewing a plan to procure more batteries made in China, TheElec has learned.The company may expand the number of batteries it buys from CATL. Sources said it is highly likely that the South Korean auto giant will more than double the amount it procures from the battery maker.CATL

Ford had recently made a request to South Korean battery maker SK On that many working at production equipment suppliers as a veil to learn battery production technologies, TheElec has learned.The US car giant wants its own employees to work with those from SK On when they begin installing and opera

SK On has recently conducted a demo test for tab welding equipment provided by South Korean equipment maker Toptec, TheElec has learned.The South Korean battery maker always asks potential new suppliers to provide a demo equipment firm.The process, called turn on, is done to gauge whether the suppli

Production equipment maker DSK has begun supplying logistics equipment to South Korean battery maker LG Energy Solution, TheElec has learned.It was supplying them through LG Electronics’ Production engineering Research Institute (PRI), not to LG Energy Solution directly, sources said.DSK had in the

Tesla has begun selling Model 3 Standard Range Plus models in South Korea that uses battery made by CATL in August, TheElec has learned.At the time it was only for some models but all models of Model 3 Standard Range Plus models ordered at the current time in South Korea will use the Chinese company

Youlchon Chemical said on Wednesday that it has won a deal worth around 1.5 trillion won from Ultium Cells, the electric vehicle battery joint venture between LG Energy Solution and General Motors.The deal will last from January 2023 to December 2028, the company said.The battery film sector is domi

Hanwha Corporation has hired a former executive at Samsung SDI who worked on battery equipment, TheElec has learned.STM vice president Ryu Yang-sik recently quit the company to join Hanwha Momentum, Hanwha’s business unit that manufactures battery equipment.He will head the battery business of the u

Samsung is planning to increase the battery capacity of the Plus model on the Galaxy S23 series launching next year, TheElec has learned.Galaxy S23 Plus will have its capacity increased by 5% to around 4700mAh, compared to the 4500mAh of its predecessor.It is unclear whether the standard model and t

Samsung SDI was preparing to build a second electric vehicle battery pack factory line at its facility in Michigan, TheElec has learned.Its existing first factory line was operating at 100% capacity thanks to increased sales of plug-in hybrid electric vehicles made by Stellantis, sources said.This f

Ford chairman Bill Ford will visit South Korea this month to meet with the leadership of battery makers LG Energy Solution and SK On, TheElec has learned.The visit is likely being made to find a solution to the US Inflation Act, which means electric vehicles with South Korean batteries won’t be able

South Korean battery material firm EcoPro will form a joint venture with its Chinese counterpart GEM that focuses on producing material needed in batteries, TheElec has learned.The pair already operates a joint venture called EcoPro Materials, which makes cathode precursors and recycle batteries.The

LG Energy Solution has recently canceled the development of prismatic batteries, TheElec has learned.Earlier this year, the company started a review of the product on whether it will be viable but recently concluded that it was not feasible business-wise.Prismatic batteries put in the materials in c

SK On is expected to place separate orders for tab welders and packaging equipment used in battery production at factories run by Blue Oval SK, its joint venture with Ford, which will give increased chances to suppliers to win orders.The South Korean battery maker had previously ordered both kits as

Chinese battery equipment firm Lead Intelligent has hired an ex-LG Energy Solution executive as head of its South Korean operation, TheElec has learned.The Chinese firm hired Kwon Tae-joon, who previously worked at LG Chem’s petrochemical business and LG Energy Solution’s energy storage system busin

Samsung SDI is planning to finalize the specification of its battery that will have a diameter of 46mm, the company’s China head said.Tesla s planning to use 4680 batteries, batteries with a diameter of 46mm and length of 80mm, for its electric vehicles.Samsung SDI has been developing batteries in t

DS Techopia was planning to start producing electrolytes used in batteries and was contacting LG Energy Solution and SK On to secure them as customers, TheElec has learned.The company formed a subsidiary dedicated to the business called DS Electra back in March.The subsidiary is planning to spend US

LG Energy Solution had adopted a complete inspection process that includes battery modules for the first time to increase the reliability and safety of its batteries, TheElec has learned.The new system had been applied to its factory in Wroclaw, Poland during the second quarter. The factory manufact

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