Batteries

LG Chem spins off its battery business as an independent unit

As an independent subsidiary, LG Energy Solution is expected to receive strategic investment from major original equipment manufacturers and attract more funds from the initial public offering (IPO) to expand its battery production capacity. LG Energy Solution , a wholly-owned subsidiary of LG Chem , was formally established to “provide… Read More »LG Chem spins off its battery business as an independent unit

SK Innovation establishes second new battery division within 2 consecutive years

SK Innovation has established a business unit related to the battery business for the second consecutive year. Following last year’s Energy Storage System (ESS) business unit, this year, it created a next-generation battery research center. The Battery Research Institute will focus on strengthening the competitiveness of the battery business by… Read More »SK Innovation establishes second new battery division within 2 consecutive years

Battery’s electrolyte market experiences strong rebound in China

China’s electrolyte demand in Q3 2020 experienced a 45% increase from the previous quarter  which in turn drove a substantial growth in demand for the lithium hexafluorophosphate with market demand increasing by more than 30% compared with the same period last year. On November 24th, the average prices for lithium… Read More »Battery’s electrolyte market experiences strong rebound in China

SFA to supply battery manufacturing equipment to Samsung SDI

SFA succeeded in winning an order for Samsung SDI battery equipment. The target is logistics and automation equipment. Following SK Innovation’s subsidiary, SK I Technology (SKIET), where it delivered a lithium-ion battery separator production equipment, it has secured a next large-scale customer. The target is the Hungarian Göd factory. It… Read More »SFA to supply battery manufacturing equipment to Samsung SDI

POSCO Chemical begins construction of a new battery cathode material plant

POSCO Chemical announced on the 31st August that it has begun construction of the third phase expansion of the battery cathode material Gwangyang plant. It is 30,000 tons per year. By adding the existing factory, the cathode material production capacity will increase to 70,000 tons per year. The cathode materials… Read More »POSCO Chemical begins construction of a new battery cathode material plant