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Posco Chemical inks 40-trillion-won deal with Samsung SDI

Posco Chemical inked a 40-trillion-won ($32.6 billion) deal with Samsung SDI for high-nickel cathodes.

2023-01-30

SK On signs deal to develop EV battery anodes with Urbix

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).

2023-01-19

Construction well underway at BlueOval SK's Kentucky sites

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.

2023-01-15

Korean EV battery makers' market share shrinks in first 11 months of 2022

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.

2023-01-04

[NEWS IN FOCUS] Lotte Chemical’s acquisition of Iljin Materials causes concern

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.

2022-11-30

SK On and Hyundai Motor sign MOU on U.S. battery supply

SK On will supply batteries to Hyundai Motor’s Georgia plant starting in 2025.

2022-11-29

SK On signs MOU with Chinese company for Indonesia nickel plant

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.

2022-11-25

LG Chem to invest $3.2 billion to build cathode plant in Tennessee

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.

2022-11-22

Yoon and Spain's prime minister agree to enhance cooperation

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.

2022-11-18

Race for 'dream batteries' speeds up, but are they all they're cracked up to be?

The recent Kakao blackout has called into question the safety of lithium-ion batteries, accelerating the race to make "dream batteries."

2022-11-09

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