Korean battery makers are scrambling to make investments in materials companies to lock in stable supplies and lower their manufacturing costs. LG Energy Solution, a wholly owned subsidiary of LG Chem, said Tuesday it bought 7.5 percent of...
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.
Korean battery makers are scrambling to make investments in materials companies to lock in stable supplies and lower their manufacturing costs.
Hyundai Glovis has set up a dedicated logistics system for the marine transportation of electric vehicles (EVs) to cope with the growing number of EV deliveries globally.
Korean electric vehicle (EV) battery makers are quickly losing ground to Chinese competitors, with the country's three largest producers having less combined share in the first four months of 2021 than China's largest producer.
Hyundai Motor and LG Energy Solution will form a joint venture in Indonesia to make batteries for electric vehicles (EVs), according to industry sources Tuesday.
SK Innovation and Ford will establish a 6-trillion-won ($5.3 billion) joint venture called BlueOvalSK in the U.S. that will be able to annually produce 60 gigawatt-hours (GWh) of electric vehicle (EV) batteries by the mid-2020s,
Ford and SK Innovation are signing a memorandum of understanding to form an electric vehicle (EV) battery joint venture in the U.S.
While electric vehicles (EVs) may be an essential part of achieving environmental goals, lithium-ion batteries that power them pose a threat to the objectives in several ways.
Korea’s lead in the battery industry has been taken by China. A year ago, three Korean battery companies — LG Energy Solution, SK Innovation and Samsung SDI — dominated the world. This year, China took the lead...