EcoPro is a holding company of Ecopro BM, a major South Korean battery cathode material company. The company is promoting the creation of a cluster in Pohang to self-procure various raw materials necessary for the production of battery cathode materials. It also plans to increase added value by recycling waste… Read More »Ecopro ready to supply cathode materials to competitors if necessary
Ganfeng International will provide Exar Capital with a total of no more than 100 million US dollars financial assistance, and through Exar Capital will eventually provide the financial assistance to Minera Exar. On November 30th, Ganfeng Lithium issued an announcement stating that the company’s board of directors reviewed and approved… Read More »Ganfeng is to provide financial support for Minera Exar
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 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
Australian junior miner Pure Minerals and Samsung SDI reached a non-binding memorandum of understanding (MOU). Under non-binding MOU Samsung SDI is to purchase 6,000 tons of nickel annually from Pure Minerals. The offtake agreement is for 3-5 years, and the total purchase volume may reach 18,000-30,000 tons. At present, the… Read More »Samsung SDI continues to secure its battery materials base
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 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
LG Chem is going to transform its plant in Poland to maintain the No. 1 position in electric vehicle (EV) battery business. It is planning to clear up the inefficiencies through continued battery expansion and yield normalization work. According to industry sources on the 21st, LG Chem dispatched a Task… Read More »Polish LG battery factory’s struggle to improve yields
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
South Korean battery equipment makers are responding to the expansion of orders from Swedish battery maker North Volt. The main goal is to jointly receive financial support necessary for equipment export. According to the industry insiders Northvolt is considering a plan to give orders to South Korean battery equipment companies… Read More »Northvolt orders battery making equipment in South Korea