Battery equipment maker Nsys has won orders for its equipment from Ultium Cells, the battery-making joint venture between LG Energy Solution and General Motors, TheElec has learned.Last year, Nsys had announced that it has won orders were 4.3 billion won and 4.2 billion won in July and September, re

Battery equipment maker Nain Tech said on Friday that it plans to enter the e-mobility battery pack market.The firm said it has acquired a 60% stake in Talos, a firm specializing in battery and battery charging for military applications, on Thursday for this.The pair had signed a patent sharing agre

Battery cathode maker Cosmo AM&T is planning to start operations of its new precursor line within the year, TheElec has learned.The line, being set up at its headquarters in Chungju, North Chungcheong Province, will be using equipment acquired from STM, a subsidiary of battery maker Samsung SDI, in

Battery equipment maker Mplus has won an exclusive order to supply battery packaging equipment worth approximately 200 billion won from SK On, the battery-making subsidiary of South Korean energy firm SK Innovation, TheElec has learned.SK On has ordered a total of 24 units for use at its battery fac

Battery material maker EcoPro BM is aiming to produce a cathode comprised of nickel, cobalt, manganese and additive (NCMX) within the year, TheElec has learned.EcoPro BM will be producing between 500 to 1,000 metric tonnes of the cathode within the year or early next year at the latest, sources said

Qualcomm has given the foundry order for its 3-nanometer (nm) application processor launching next year exclusively to TSMC, TheElec has learned.The US chip giant has also given some of the foundry work for its 4nm application processor, the Snapdragon 8 Gen 1, to the Taiwanese chip giant, which it

SK On, the battery-making subsidiary of South Korean energy firm SK Innovation, is planning to accelerate the start of production of its planned new battery factory in the US with Ford by three months, TheElec has learned.Blue Oval SK, the South Korean battery maker’s joint venture with the US car g

Electric truck maker Rivian is planning to build a pilot line for battery production in South Korea, TheElec has learned.Executives of the US firm recently visited South Korea to look for sites where the company could build the line in, sources said.The pilot line is for research and development pur

Electronic material supplier LTC will acquire Mujin Electronics’ fab equipment business unit, TheElec has learned.A person familiar with the matter said the deal won’t be worth over 100 billion won.LTC will form a co-fund with an outside investor to pay the acquisition fee, they said.The company bea

Display equipment maker SFA said on Tuesday that it has recorded 1.56 trillion won in revenue and 188.9 billion won in operating profit for the entire year of 2021.Revenue was level to that of 2020 while operating profit jumped 12.91%.Its subsidiary SFA contributed 641.1 billion won in revenue and 6

Display equipment maker H&iruja had attempted to merge with a battery equipment supplier to Samsung SDI late last year, TheElec has learned.However, the battery equipment supplier had refused the offer, sources said.H&iruja had been attempting to expand into the battery equipment sector since mid-20

Battery material maker EcoPro BM said it plans to restart its cathode plant next month that had halted production due to an explosion back in January.CAM4, a production line at its Ochang plant that wasn’t affected by the explosion, will start operations mid-March, the company said in a conference c

Mplus, a battery production equipment supplier to SK On, will also develop equipment for its main customer’s rival LG Energy Solution, TheElec has learned.The company participated in a recent event hosted by LG Energy Solution at its factory in Ochang.LG Energy Solution held the event to showcase it

Samsung SDI has begun applying a new process to increase its yield rate in battery production.The South Korean battery maker has begun using laser equipment to clean the cans used in prismatic batteries, sources said.In prismatic batteries, materials such as cathode, anode and separators are deposit

Samsung Electronics and Samsung Display have hit a roadblock in their negotiations over the price of quantum-dot (QD)-OLED panels that the latter originally planned to supply to the South Korean electronics giant for their TVs, TheElec has learned.The negotiations, which started late last year, have

LG Chem and Korea Zinc are planning to form a joint venture that will produce battery materials during the first quarter this year, TheElec has learned.The joint venture will produce precursor used in the production of battery cathode, sources said.The venture may also manufacture nickel matte, the

Display equipment maker Philoptics said that it has named a new CEO for its battery equipment making subsidiary Philenergy.Kim Kwang-il, who had been a president at Philoptics since 2018, was named to the top post. He previously worked at Samsung SDI for 21 years. Philoptics said it expects Kim to s

LG Energy Solution said it will procure lithium hydroxide from Germany’s Vulcan Energy.Lithium hydroxide can be easily synthesized with nickel and is used to make electric vehicle batteries.The South Korean battery maker said it plans to procure 45,000 metric tonnes of the material from Vulcan Energ

US electric vehicle firm Rivian and South Korean battery maker Samsung SDI’s talks over forming a potential joint venture have effectively ended, TheElec has learned.The pair were no longer in negotiations over the forming of a battery making joint venture, sources said.Rivian, founded in 2009, list

Samsung Electronics is reevaluating its plan to invest in fan-out wafer-level package (FoWLP), TheElec has learned.The company originally planned to spend around 200 billion won to manufacture the package at its Cheonan plant to apply them in Exynos application processors.According to sources, in a