Battery
SK On Deepens Collaboration with Solid Power for Advanced Battery Solutions
SK On, a prominent global electric vehicle battery manufacturer, is strengthening its collaboration with Solid Power, a leading U.S.-based developer...
South Korea Unveils $29 Billion Financial Boost for Battery Industry Over 5 Years
South Korea is set to allocate a financial package of 38 trillion won ($29 billion) over the next five years...
SK On Invests $1.12 Billion to Boost Battery Production in South Korea
South Korean battery manufacturer SK On has announced an investment of 1.5 trillion won ($1.12 billion) to expand its domestic...
South Korea’s technology exports fall, creating a trade deficit of $4.3 billion
South Korea's trade deficit reached $4.3 billion in the first 20 days of May. According to Korea Customs Service, a...
POSCO Future M and Sungkyunkwan University to foster battery material skills in Korea
South Korea-based energy material manufacturer and distributor, POSCO Future M announced a masters and doctoral course dubbed 'e-Battery Track' for...
South Korea to provide $5.32 billion worth of financial support to battery manufacturers
The South Korean government has announced a $5.32 billion i.e. 7 trillion won worth of financial support for domestic battery...
Korean electric vehicle battery companies receive tax relief from the US administration
The US government announced tax relaxation for South Korea’s electric vehicle (EV) battery companies on Sunday. As per industry officials...
SK On to introduce South Korea’s first LFP Battery Prototype
Low-cost LFP (lithium ferro phosphate) batteries will soon make an entry into the South Korean battery industry. The local battery...
Korea stands third in the global EV battery market, invests in multiple battery projects
South Korea has dominated the global EV battery market after China. The three Korean battery producers have contributed to the...
SK Innovation Signs a Deal With Chinese EV Market Player for Battery Supply
The South Korean battery market player, SK Innovation, has recently signed a supply contract with China’s smart-carmaker Xpeng Motors, the...
SK Innovation Speeds Up Eco-Friendly Transition After Settling LG Dispute
SK Innovation Co., the leading South Korean electric vehicle battery manufacturer, plans to boost its transition into an environment-friendly company....
SK IET IPO raises $2B, South Korea’s Biggest Listing In 4 years
SK IE Technology Co. and parent company SK Innovation Co. said they had raised 2.25 trillion won ($2 billion) for the battery component-manufacturing...
Hyundai, Kia, SK Innovation Partner to Develop Hybrid EV Battery (HEV)
Hyundai Motor Group and SK Innovation announced that they would be teaming up to develop hybrid electric vehicle (HEV) batteries. Accordingly, the two...
LG Energy Solution, SK Innovation Resolve EV Battery Tech Dispute
The two South Korean battery manufacturers, LG Energy Solution and SK Innovation announced that they had settled the two-year electric vehicle (EV) battery...
SK Innovation’s Eco-Friendly Battery Recycling Tech Earns US Verification
SK Innovation announced that the Argonne National Laboratory had verified its battery metal recycling technology’s environmental friendliness. The Argonne National Laboratory is a...
LG Energy Solution, GM Expands EV Battery Manufacturing Capacity
LG Chem’s subsidiary LG Energy Solution and General Motors Company announced they would partner for another battery cell manufacturing facility. According to GM spokesperson...
South Korea Partners with Hyundai, LG, KST for EV Battery Reuse
South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) signed a memorandum of understanding with Hyundai Motor, LG Energy Solution,...
LG Energy Solutions Signs Lithium Supply Deal with Chile’s SQM
LG Energy Solutions has signed an eight-year agreement with Chilean chemical company Sociedad Química y Minera (SQM). Under the contract,...
LG Chem Officially Launches LG Energy Solution Spinoff
LG Chem Ltd. officially launched on Tuesday LG Energy Solution as a separate business unit engaged in battery production and...
Hyundai Motor Recalls Kona EVs After Recent Incident of Fire
The Ministry of Land, Infrastructure, and Transport (MOLIT) said on Thursday that Hyundai Motor would voluntarily recall 25,564 Kona electric...
