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 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

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

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

The global lithium iron phosphate (LFP) battery market is expected to be worth US$15.2 billion by 2029 with 200GWh worth of batteries to be manufactured, according to analyst firm QYResearch.QYResearch CEO Yoon Sung-bin also said LFP batteries are expected to replace more and more of the lithium man

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

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

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

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

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