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LG Energy Solution locks in battery materials for 6 years

LG Energy Solution signed a deal with Australian Mines to source nickel and cobalt, core materials for batteries.

2021-08-16

SK Innovation gets subsidy approval for Hungary plant

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.

2021-07-18

Korea Eximbank extends $500 million green loan to SK Innovation

The Export-Import Bank of Korea is extending a $500 million green loan to SK Innovation for its second electric vehicle (EV) battery plant in Hungary.

2021-06-09

SK Innovation board chairman suggests a possible exit from U.S.

The chairman of the SK Innovation board blasted a U.S. ruling against the company for intellectual property theft and suggested that a multi-billion battery investment in the country could be abandoned or unloaded.

2021-03-15

ITC ruling on Korean battery dispute delayed until February

The U.S. International Trade Commission (ITC)’s final ruling on the high-profile battle between Korean battery makers LG Chem and SK Innovation was postponed for a third time to February 2021.

2020-12-10

SK Innovation said to be pushing for third Hungary plant

SK Innovation is pushing for its third battery plant in Hungary, people familiar with the issue said Monday.

2020-09-07

SK Innovation to expand battery plant in Georgia

SK Innovation will invest another $940 million in expanding its electric vehicle (EV) battery plant in the United States, a U.S. official has said.

2020-06-29

Hyundai, LG executives to discuss EV battery partnership

An expected meeting between Hyundai Motor Group Executive Vice Chairman Euisun Chung and LG Group Chairman Koo Kwang-mo will focus on the two conglomerates' partnership in the electric vehicle (EV) battery businesses on June 22.

2020-06-19

SK Innovation approves a 2nd Georgia battery plant

SK Innovation is building a second electric vehicle (EV) battery plant in Jackson County, Georgia. The decision was finalized at a board of directors meeting on Tuesday.

2020-04-29

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