European countries are actively fostering the battery industry. The reason is that it is not possible to rely solely on Korea, China, and Japan for batteries, being a key parts of electric vehicles (EV). European battery industry is expected to become a new growth engine for the Asian battery equipment… Read More »Battery equipment companies target European market
Battery cathode material makers are continuing their investment. This is because the production of battery cells increased due to the launch of new EV models, which call for more cathode materials. The expansion and new investment of four major cathode material companies in South Korea are continuing this year. Ecopro… Read More »Cathode materials producers keep on expanding
Tesla asked LG Chem for all carbon dioxide emission data related to battery production. The move is interpreted to emphasize that EVs are eco-friendly compared to internal combustion engines. According to the industry sources Tesla recently asked LG Chem to share carbon emissions data until the point where battery is… Read More »Tesla asks LG Chem to disclose carbon emission data
Samsung SDI receives initial supply of batteries for Galaxy Fold 2 and Galaxy Z Flip 5G, which are expected to be released next month by Samsung Electronics. This is the second after Galaxy Fold 1 and Galaxy Z Flip. According to the industry on the 30th, Samsung SDI is solely… Read More »Samsung SDI and batteries for foldable phones
POSCO Chemical has begun to localize the core materials for batteries that were dependent on imports. On the 2nd, POSCO Chemical announced that it had a groundbreaking ceremony for an artificial graphite anode material production plant in Donghae-myeon, Pohang-si, Gyeongbuk, South Korea. It has been three months since the company… Read More »POSCO new anode material production plant breaks ground
Vinatech, a flagship supercapacitor (quick charging device) producer, will be listed on South Korean KOSDAQ. It is the first time since 2013 that the company from Conex, securities exchange exclusively for small and medium-sized enterprises (SMEs) and venture companies, has been listed. On the 25th, Vice President Hong Seong-hwan announced… Read More »Super Capacitor company – Vinatech, entering stock exchange.
The executives of Hyundai Motor Group and LG Group discussed ways to cooperate on electric vehicle (EV) batteries. This is the first time that the two companies have had individual meetings for business. On the 22nd, the senior vice-president of Hyundai Motor Group, including Hyundai and Kia’s R&D Headquarters President… Read More »LG Chem-Hyundai Motor and Indonesia’s EV Battery JV
On June 10-11th , the 13th High-Tech Lithium Battery Industry Summit was held at the Hyatt Hotel in Shenzhen Airport. The theme of this summit was “market segmentation and industrial remodeling”. Over 500 senior executives from all sectors jointly discussed in depth trends and changes to the power battery industry… Read More »Li Liangbin from Ganfeng Lithium on lithium market and industry
China’s CATL started supplying electric vehicle batteries to General Motors in the United States. This is the first transaction with GM. So far, LG Chem has been in charge of the GM EV battery alone. CATL secured Volkswagen, BMW, and Tesla as customers, and expanded its relationship with global automakers.… Read More »CATL expands EV battery market share – encroaching on LG territory
Samsung SDI has begun to inject capital into its joint venture EcoPro EM with battery material supplier EcoPro BM, which means that the construction of the cathode material project has entered a new stage. In February of this year, Samsung SDI and ECOPRO BM signed an agreement to establish a… Read More »Samsung, LG and SK Innovation race to secure cathode materials