Precursor producer Eco&&Dream is aiming to turn a profit this year and hit 100 billion won in revenue.The company is also aiming to expand its annual precursor production capacity to 100,000 metric tonnes, its research head Kim Tae-min told TheElec.Eco&Dream saw its revenue for the first quarter sur

Samsung SDI is planning to upgrade the humidity sensors it uses in its battery production lines, TheElec has learned.Battery manufacturing lines are traditionally kept in a dry room condition, but accurately sensing the humidity of these conditions using the currently used capacitive humidity sensor

Samsung SDI has kicked off a project to reevaluate its battery production equipment to boost efficiency, TheElec has learned.Called V Project, which stands for Value Reengineering Project, the South Korean lithium-ion battery maker is aiming to reevaluate is existing production equipment to increase

LG Electronics is attempting to sell battery production equipment to non-LG companies.This stems from its recent failure to win orders from the joint battery factory of LG Energy Solution and Hyundai Motor in the US, sources said.LG Electronics’ Production engineering Research Institute (PRI), known

LG Energy Solution said on Thursday that it has started construction of its new battery factory in the state of Arizona, which it will spend 7.2 trillion won.It is the second factory it is building on its own in North America. The plant will manufacture cylindrical batteries aimed at electric vehicl

Battery production equipment maker PNT said on Tuesday that it aims to record over 1 trillion won in revenue this yearThis is double its annual revenue last year of 545.4 billion won. PNT CEO JoonSup Kim said during its annual shareholders’ meeting that the company is also looking to find new busine

Samsung SDI’s major battery production equipment supplier Hana Technology has won France’s Verkor as a new customer, TheElec has learned.It is the second French company that the South Korean equipment maker has won, after Automotive Cell Company.Verkor is a battery joint venture between carmaker Ste

Samsung SDI has finalized its plan to build a third battery factory in Hungary, TheElec has learned.The company is expected to spend over 6 trillion won in expanding its overall facilities this year __ over 1 trillion won of that will go into building the third factory, sources said.Samsung SDI is e

Korea Zinc’s aim to change its corporate charter which it claims is needed to pursue future business opportunities has met an aggressive response from Young Poong Corporation, the largest shareholder of the smelter.Korea Zinc, founded in 1974, has been co-managed by Korea Zinc’s Choi family and Youn

LG Chem is planning to start the operation of one of its key subsidiaries for battery materials one month earlier than planned, TheElec has learned.The precursor factory being built by Korea Precursor Corporation (KPC), the joint venture between LG Chem and Korea Zinc’s subsidiary Kemco, is expected

LG Energy Solution said on Thursday that it has signed a battery cathode procurement agreement with Chinese cathode maker Changzhou Liyuan New Energy Technology.The South Korean battery maker will buy lithium iron phosphate (LFP) cathode for batteries aimed at electric vehicles and energy storage sy

Samsung SDI is considering using equipment supplied by Chinese vendors to form its lithium iron phosphate (LFP) battery production line, TheElec has learned.The South Korean battery maker recently hosted a closed-door conference at its plant in Cheonan, South Korea, explaining its plan to potential

Samsung SDI is upgrading the way it is manufacturing solid-state batteries at its test production line, TheElec has learned.The tech giant is adding warm isotactic press (WIP) that uses water and roll pressing processes to their production, sources said.The pressing in solid-state batteries must don

LG Energy Solution is attempting to outbid sister company LG Electronics for equipment orders that will be placed by its joint venture with Hyundai Motor Group, TheElec has learned.LG Energy Solution and Hyundai Motor Group’s battery-making joint venture in the US is expected to start placing orders

Samsung SDI CEO Yoonho Choi has returned from his trip to the US that aimed to strengthen ties with customer Stellantis, TheElec has learned.Choi returned on November 30 which he left for the preceding weekends, sources said.His visit is noticeable as it was made before Samsung Group announced its y

More and more electric vehicles are using lithium iron phosphate (LFP) batteries by the day. However, some consider LFP batteries to be more difficult to recycle compared to other battery types.Enter Green Li-ion, which said on Monday that it has developed a recycling technology and was ready to shi

German battery recycling firm Duesenfeld said on Tuesday that it has won the German Sustainability Award 2024.The award, which is in its sixteenth year, selects companies that take climate change and the environment seriously and provide innovation and environmentally friendly processes.Duesenfeld w

SK On has moved staff that focused on prismatic batteries to its research team for 4680 cylinder batteries, TheElec has learned.The battery type is being developed by almost all major lithium-ion battery makers such as LG Energy Solution, Samsung SDI, and Panasonic as well as Chinese battery makers

Battery equipment maker Toptec said it has won a large deal to supply its kits to a battery assembly line.Though the company didn’t name its customer, it is highly likely the joint venture between Hyundai Motor and SK On, which is planning to build an EV battery plant in the US.With this latest deal

US car giant Ford has hired a key executive from battery maker Samsung SDI to develop electric vehicle batteries, TheElec has learned.Ford named Kim Sung-hoon, who was a vice president at Samsung SDI, as Chief Battery Engineer, sources said.This is the first time that the US carmaker has given a lea