Korea Joongang Daily
Korea JoongAng Daily

Hyundai Mobis begins work on new plant in Indonesia

Hyundai Mobis broke ground Wednesday on a $60 million battery system plant for electric vehicles (EV) in Indonesia.

2023-06-01

LG Chem's 4th CNT factory construction begins

Ground was broken Wednesday for LG Chem's fourth carbon nanotube (CNT) factory in Seosan, South Chungcheong, doubling its capacity for the additive materials in making electric vehicle batteries and semiconductors.

2023-05-31

Ultium CAM to receive $221 million in incentives from Canadian government

Ultium CAM, a joint battery materials venture between Posco Future M and General Motors, will receive 300 million Canadian dollars ($221 million) in incentives from the Canadian government for its EV battery materials plant in Quebec.

2023-05-30

Posco, SKC join forces to develop lithium-metal anodes

Posco Holdings joined forces with SKC to co-develop lithium-metal anodes, a promising key material in making electric vehicle (EV) batteries.

2023-05-30

[NEWS ANALYSIS] Chinese battery makers threaten Korean lead in EU

Korean battery makers are losing ground in Europe to Chinese competitors who are hot on their heels as they aggressively expand their capacity in the world’s second-largest electric vehicle (EV) market.

2023-05-29

Posco International signs $10 million deal with FARU Graphite

Posco International signed a $10 million deal with Tanzania-based FARU Graphite to source graphite, signaling its entry into the battery material business.

2023-05-29

Government to pump $227 million into EV batteries, materials

The Korean government will inject 300 billion won ($227 million) into electric vehicle (EV) batteries and materials by 2027 as it seeks to make the products top export items.

2023-05-25

SK On to raise $944 million in pre-IPO funding

SK On will raise $944 million from a consortium led by MBK Partners, its parent company SK Innovation said in a regulatory filing Wednesday.

2023-05-24

LG Energy Solution to acquire stake in Australian lithium supplier

LG Energy Solution will acquire 7.9 percent of Australia-based Green Technology Metals for a stable supply of lithium, the key critical mineral in making electric vehicle (EV) batteries.

2023-05-19

Kolon Industries invests $18 million in resin factory for EV tires

Kolon Industries will invest 24 billion won ($18 million) to expand its capacity at its petrochemical resin production factory in Yeosu, South Jeolla, upping its bet on tires for electric vehicles.

2023-05-15