Posco Chemical inked a 40-trillion-won ($32.6 billion) deal with Samsung SDI for high-nickel cathodes.
SK On will co-develop anodes with Arizona-based Urbix in an effort to reduce its dependency on China after the passage of the U.S. Inflation Reduction Act (IRA).
About a one-hour ride from Louisville, the biggest city in Kentucky, sits Glendale, a small town with about 2,000 residents. The quiet town is calm and peaceful until reaching a site in which two massive EV battery plants are being built.
Three Korean electric vehicle (EV) battery makers saw their global market share sink in the first 11 months of 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed Wednesday.
Lotte Chemical’s acquisition of Iljin Materials may not be coming at the best possible time, as the chemical company is already having a tough time making profits and keeping the business afloat.
SK On will supply batteries to Hyundai Motor’s Georgia plant starting in 2025.
SK On signed a memorandum of understanding with Kosdaq-listed EcoPro and Shenzhen-based and listed Green Eco-Manufacture to build a nickel intermediate plant in Indonesia.
LG Chem will invest $3.2 billion to build a cathode material plant in Clarksville, Tennessee, aiming to be a major supplier of electric vehicle (EV) battery materials.
Sanchez is the first Spanish prime minister to visit Seoul excluding trips made to attend multilateral meetings since the two countries established diplomatic ties in 1950.
The recent Kakao blackout has called into question the safety of lithium-ion batteries, accelerating the race to make "dream batteries."