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...
Chinese battery makers controlled at least 45 percent of the global electric vehicle (EV) battery market in the first quarter.
LG Chem reported the highest quarterly profit in the company’s 74-year history in the first quarter of 2021 on the back of advances in petrochemicals and electric vehicle batteries.
SK IE Technology’s initial public offering has been priced at 105,000 won ($94), the high end of the range.
Hyundai Motor and Kia will collaborate with SK Innovation to codevelop batteries for their future hybrid electric vehicles.
Korean battery maker Samsung SDI will supply battery cells for U.S. electric vehicle startup Rivian's upcoming vehicles, the companies said Tuesday.
Shares of SK Innovation jumped nearly 12 percent to close at 266,500 won ($237) on Monday after the company settled a battery trade secrets dispute with LG Energy Solution on Sunday.
With LG Energy Solution and SK Innovation ending their two-year legal war over technology, Korea's battery makers have to concentrate on catching up with rivals in China and Japan.
LG Energy Solution and SK Innovation agreed to settle the high-profile battery trade secret dispute at 2 trillion won ($1.8 billion), putting an end to a 713-day
A fire broke out Wednesday afternoon at a solar energy facility in central Korea, destroying all 140 units of its of energy storage system (ESS).