Wonik PNE has acquired the battery equipment business unit of Samji Electronics, TheElec has learned.This is the company’s third acquisition in the past six months. Wonik PNE acquired Techland in October and NS in November.Wonik PNE’s parent company Wonik Holdings acquired battery equipment maker PN

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

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

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

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

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