SK On's cobalt-free EV batteries won bronze at the 2024 Edison Awards.
Daegu-based L&F, which counts Tesla among its clients, will provide SK On with enough material to make batteries for 3 million EVs by 2030.
Domestic battery makers are all pursuing cheaper lithium iron phosphate batteries with a production goal of 2026 in bid to chip away at the market strength of China's CATL and BYD.
Samsung SDI unveiled its road map for mass production of a solid-state battery at the battery exhibition in Coex, southern Seoul.
Korean battery makers will showcase lighter, faster and longer-lasting battery technologies at InterBattery 2024.
SK On signed a supply deal for anode materials with a U.S. graphite supplier, upping its response to the U.S. Inflation Reduction Act (IRA) subsidy program aimed at barring battery materials sourced from China.
Korea’s battery exports fell for the first time since 2015 amid slowing EV growth globally.
Hyundai Motor called on the U.S. government to provide a temporary Inflation Reduction Act (IRA) exemption, stating that not sourcing raw materials from China is "unrealistic" currently.
SK On will strengthen its partnership with Colorado-based Solid Power to accelerate the development of all-solid-state batteries, also known as “dream batteries.”
Korean battery maker SK On is developing cylindrical batteries for EVs, a battery type predominantly used by Tesla.
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