Battery equipment maker Toptec said it has won a large deal to supply its kits to a battery assembly line.Though the company didn’t name its customer, it is highly likely the joint venture between Hyundai Motor and SK On, which is planning to build an EV battery plant in the US.With this latest deal

US car giant Ford has hired a key executive from battery maker Samsung SDI to develop electric vehicle batteries, TheElec has learned.Ford named Kim Sung-hoon, who was a vice president at Samsung SDI, as Chief Battery Engineer, sources said.This is the first time that the US carmaker has given a lea

LG Energy Solution said on Thursday that it has signed a long-term contract with car giant Toyota to supply 20GWh of electric vehicle batteries per year.The South Korean battery maker will spend 4 trillion won up to 2025 at its Michigan plant to build a dedicated battery cell and modular line to sup

EcoPro Materials said on Tuesday that it was issuing 14.47 million new shares for its listing on the Korean exchange.The upper cap is 46,000 won and it is hoping to raise up to 665.9 billion won from the listing.EcoPro Materials, a subsidiary of battery cathode maker EcoPro, produces precursors used

LG Energy Solution said on Thursday that its lithium iron phosphate (LFP) battery for energy storage systems (ESS) was level in performance with its nickel cobalt manganese (NCM) counterparts.Its own test showed that its NCM batteries for ESS had a round trip efficiency (RTE) of 97%, while its LFP v

Battery and display equipment maker SFA said on Tuesday that it will launch a new battery electrode equipment that uses laser next year.The company acquired battery electrode equipment maker CIS in March.SFA said it will combine CIS’ coating and dry processing technologies with its existing laser te

SK On said on Thursday that it has developed an oxide solid electrolyte with high ion conductivity.The South Korean battery maker, together with Dankook University Professor Hee Jung Park, coated a controllable additive on Li-La-Zr-O that improved the ion conductivity by 70% than before (1.7 mS/cmž)

EcoPro said on Wednesday that it will form a subsidiary EcoPro Cam Canada LP that will handle the building of a new battery cathode plant at Bécancour, Quebec, Canada.Approximately 1.2 trillion won has been earmarked for the project, with half of the amount to be delivered by EcoPro Cam Canada LP an

LG Chem is planning to sell its IT film business as part of its wider plan to restructure its non-essential businesses, TheElec has learned.Sources said the company is planning to sell the business unit within the year.LG Chem earlier halted the operation of its petrochemical plant in Yeosu and is r

SungEel HiTech said on Monday that it will build a battery recycling park in the state of Indiana in the U.S.It will be the company’s second such facility following its one in Georgia.SungEel HiTech has set up its subsidiary SungEel Recycling Park Indiana in May in preparation.The park, which will s

SK On said on Wednesday that it will spend 1.5 trillion won to build a third factory at its battery production facility in South Korea.The battery maker will build the new factory on 44,125 meter-square of land at the facility.It is SK On’s largest spending plan to date for its home country.The thir

Fab equipment maker DIT has begun supplying laser annealing equipment to chip giant SK Hynix, TheElec has learned.Annealing equipment is used to repair wafers that are damaged after ion injection.During the ion injection process, Group 3 or Group 5 dopants such as B, I or As are injected into the wa

Inkjet printing solution company Enjet was aiming to apply inkjet technology to battery and semiconductor production, CEO Doyoung Byun said.The company was also aiming to develop a multi-nozzle to challenge Japan’s dominance in inkjet head, he said in an interview TheElec.Enjet, which went public la

LB Semicon has acquired battery recycling company GSM.The chip back-end company said it acquired all the company shares for 20 billion won.LB Semicon acquired a 60% stake for 12 billion won and LB a 40% stake for 8 billion won.The new subsidiary will collect scraps and used batteries made during bat

WCP said on Monday that it will be supplying lithium-ion battery separators to Samsung SDI.Its Japan-based parent company W-Scope will supply 4 billion meter-square of the separators __ enough to be used in batteries for 5.3 million units of electric vehicles __ for five years up to 2027.The separat

Dongwha Electrolyte is preparing to produce electrolytes used in batteries at its factory in Soskut, Hungary, TheElec has learned.The company was actively hiring local workers in preparation, sources said. Dongwha will hire approximately 40 workers for the factory is aiming to increase its operation

Battery recycling startup Green Li-ion said on Friday that it plans to enter the South Korean market.The Singapore-based company was founded in 2020 and has investors such as GS, Envisioning Partners, and TES. It has received US$36 million in funding so far.Most battery recycling companies use their

Samsung has started the development of a new smart device that will come in the form of a ring, TheElec has learned.The so-called Galaxy Ring will use circuit boards made by Japan’s Meiko, sources said.Printed circuit boards are usually developed first for electronic devices, followed by the compone

Samsung SDI is planning to expand its battery factory at its facility in Goed, Hungary, within the year, TheElec has learned.The South Korean battery maker is planning to expand its second factory (the building of which was called stage one internally; the expansion is called stage two) to manufactu

German-based Paul & Co is expanding its footprint in the fast-rising battery and electric vehicle markets.Founded in 1893, the company offers paper products such as cores, edge protectors, and core boards, and is part of the Kunert Group. Paul & Co Asia handles business in South Korea.The company’s