SK Innovation got the nod from shareholders Thursday to split off its battery business into an independent company.
Korean battery companies are vying for higher energy density, which will allow electric vehicles (EVs) to travel farther. Energy density refers to how much energy a battery can hold in relation to its weight. The higher the energy density, the ...
LG Energy Solution may delay its planned initial public offering (IPO) as a massive number of electric Chevys are recalled due to a possible defect in batteries made by the Korean company.
LG Energy Solution signed a deal with Australian Mines to source nickel and cobalt, core materials for batteries.
SK Innovation is splitting off its battery business, which will help it better cope with the rapidly expanding electric vehicle (EV) industry.
Samsung SDI confirmed plans to build its first electric vehicle battery plant in the United States during a conference call with analysts Tuesday.
LG Chem’s net profit jumped 289.5 percent on year to 1.63 trillion won ($1.42 billion) in the second quarter, beating the market consensus of 1.05 trillion won as compiled by FnGuide.
K Materials said Tuesday it is forming a joint venture with U.S.-based anode material manufacturer Group14 Technologies to get more involved in the battery materials business.
SK Innovation will get a 90 million euros ($106.2 million) subsidy from the Hungarian government for its second electric vehicle (EV) battery plant, the company said Sunday.
LG Chem and wholly-owned LG Energy Solution will invest a total of 15.1 trillion won over the next 10 years to make the country a battery technology hub. The Korean government announced an invest plant of 40 trillion won by 2030.