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

EcoPro BM said on Monday that it has halted production at its cathode plant at Ochang following an explosion there on Friday.The battery cathode maker didn’t say when it believes it can restart production.The explosion on Friday caused one death and three injuries.As of the third quarter of 2021, th

South Korean material firm LPN has developed a technology to recycle leftover natural graphite, which can lead to cost-cutting in battery production.The company said the technology, called conglobulation, has been verified by a global company.LPN is planning to build a pilot line for the technology

SK Innovation, the parent company of battery maker SK On, and US automobile giant Ford is planning to form a joint venture in Europe to build another factory in the continent, TheElec has learned.The venture and factory are highly likely to be set up in Turkey, people with direct knowledge of the ma

LG Energy Solution’s market share in electric vehicle (EV) batteries in China dropped last year, according to data from Gaogong Industry Institute (GGII).Last year, 2.423 million units of EV were sold in China. The vehicles used 101.1GWh of batteries.This is an increase of 170% and 176%, respectivel

SK Innovation has added Hana Technology as a new supplier of battery packaging equipment that will be used by battery maker SK On, TheElec has learned.Hana Technology’s first order will be for packaging equipment that will be used in SK On’s factory at Yancheng, China, sources said.Hana Technology w

AI Korea said it has secured 7 billion won in its pre-IPO funding round from institutional investors.The company began manufacturing battery production in 2014.It supplies central electrolyte supply systems to LG Energy Solution’s factory in Poland.It also supplies kits to SK On and Samsung SDI.AI K

South Korean cathode maker is considering building a cathode factory in the US, TheElec has learned.The company will likely form a joint venture with Samsung SDI for the factory, sources with direct knowledge of the matter said.However, specific details such as how much it would spend on the factory

LG Energy Solution CEO and vice chairman Kwon Young-soo has claimed in a conference of the company’s IPO that it will overtake CATL, the world’s largest battery maker, in the future.Kwon said that LG Energy Solution’s market capitalization is currently behind CATL but the pair would soon be "competi

LG Chem will produce NCMA (nickel, cobalt, manganese and aluminum) cathode through its joint venture with Huayou Cobalt in South Korea, TheElec has learned.The joint venture, called LG BCM which will be set up at Gumi, South Korea, will be producing the NCMA cathode, which will comprised of over 80%

SK On is expected to begin placing orders for equipment to use on its planned battery factory at Ivancsa, Hungary, TheElec has learned.The orders will be placed this month at the earliest and no later than during the first quarter, sources said.SK On, the battery subsidiary of SK Innovation, initial

LG Energy Solution is planning to apply the Z-stacking method into its battery productions, TheElec has learned.Stacking during battery production is when the cathode, anode, separator and other material materials are stacked on top of each other. It is part of the assembly process in battery produc

Yunsung F&C has won a turn-key order to supply mixing equipment from Ultium Cells, the battery making joint venture between LG Energy Solution and General Motors, TheElec has learned.The South Korean equipment had previously won an order to supply one unit of mixing equipment.But Yunsung F&C now won

Samsung Display will be procuring OLED transport layer material from SK JNC, TheElec has learned.SK JNC will be competing with existing OLED transport layer material suppliers DS Neolux and Solus Advanced Materials.The new supplier has also been chosen as a material recycling partner by Samsung Disp

LG Energy Solution has formed a digital office under the direct supervision of new CEO Kwon Young-soo, TheElec has learned.It is also remodeling the CEO office and employee lounge to better communicate between employees, sources said.LG Energy Solution is yet to name a new chief digital officer (CDO

SK On, the battery making subsidiary of SK Innovation, has formed a new research center that will focus on the development of next-generation batteries, TheElec has learned.The new Emerging Energy Research Center is located inside its main research hub at Daejeon.It is SK On’s first research center

SK Hynix has been testing hafnium (Hf) high-k precursor provided by Mecaro during the second half of 2021, TheElec has learned.The chip giant currently solely uses precursor supplied by SK Trichem.If Mecaro’s precursor passes SK Hynix’s evaluation, it will likely be included as another supplier to t