LG Energy Solution is planning to spend 6.5 trillion won in building two new battery factories in North America.Earlier this week, it had announced that it plans to build a battery factory in Ontario, Canada through its joint venture with automobile giant Stellantis.The South Korean battery maker is

LG Chem and Korea Zinc are planning to form their joint venture sometime in April, TheElec has learned.The venture will manufacture precursors, which will be used to manufacture cathode by LG Chem.This cathode will then be used by LG Energy Solution to manufacture batteries.On Wednesday, LG Chem vic

South Korean battery equipment maker TSI has won an order to supply mixing equipment to Ultium Cells, TheElec has learned.TSI beat competitor Yunsung F&C to win the order to supply the equipment to LG Energy Solution and General Motors’ joint venture.The mixing equipment will be supplied to Ultium C

Battery equipment maker Avaco is aiming to supply its new electrode equipment to LG Energy Solution directly, TheElec has learned.If it succeeds, it will be securing a second major customer after Ultium Cells, the joint venture between LG Energy Solution and General Motors, which it is already suppl

Samsung SDI was reviewing building a separate battery plant in the US besides the one it is planning to build through a joint venture with Stellantis, the South Korean battery maker’s CEO said on Thursday.Samsung SDI CEO Yunho Choi told reporters after the company’s annual shareholders’ meeting that

PNT has recently acquired additional lands around its battery equipment plant at Gumi to build a fourth factory, TheElec has learned.The company secured 115,702 meter-square of space at Gumi’s industrial zone to build the factory with around 30 billion won, sources said.Once the fourth factory goes

Posco said on Monday that it has begun construction of a new solid electrolyte factory in South Korea.The factory, which will be run by the company’s joint venture with Jeong Kwang called Posco JK Solid Solution, will have a capacity of 24 metric tonnes per year and begin operations during the secon

LG Energy Solution and Hyundai Motor have formed a joint venture in Indonesia to manufacture batteries there, TheElec has confirmed.The pair had agreed to form a battery cell joint venture last year in July.LG Energy Solution owns 50% shares and Hyundai Motor 25% shares of the venture, called HLI Gr

Samsung SDI said on Monday that it will build a pilot production line for solid-state batteries at its lab in Suwon.The line will take up 6,500 meter-squares of space, the company said, and will use new equipment and production methods.Specifically, the company will use cell assembly equipment that

SK On said on Monday that it will form a joint venture with US car giant Ford and Turkish automaker Koc to build a battery production facility in Turkey.The plant will manufacture nickel, cobalt and manganese oxide batteries and start production around 2025, the South Korean battery maker said.It wi

Avaco is supplying its logistics equipment to Ultium Cells, the battery-making joint venture between LG Energy Solution and General Motors, TheElec has learned.The South Korean equipment maker is providing the equipment to be used by the second factory of Ultium Cells, sources said.Installation is e

Hanwha’s machine business unit is developing roll-press and slitter kits that are used in the electrode process in battery production, TheElec has learned.The development started during the second half of 2021 and is expected to be completed within 2022, sources said.The company plans to offer the t

Posco Chemical said on Monday that it will spend 600 billion won to build a new precursor factory at its plant in Gwangyang, South Korea, with an annual production capacity of 100,000 metric tonnes.The company said it was doing so to secure competence in raw material as it looks ahead to the growth

Chinese display giant BOE was in talks with smartphone brand Honor to manufacture a two-stack tandem OLED panel to apply to a smartphone planned for later this year, TheElec has learned.The pair believe that the use of the technology, where the OLED panel has two emission layers, can reduce the powe

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

Hyundai Motor said on Wednesday that it was aiming to sell 1.87 million units of electric vehicles (EV) in the global market in the year 2030, which will be equivalent to 7% of the global market share.Hyundai Motor CEO Chang Jae-hoon also said during an online conference that it is aiming for an ope

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