Battery equipment make A-Pro expects a sales growth of 30% in 2020 thanks to its client LG Chem’s aggressive expansion of factories, the company said on Friday.The South Korean firm said has marked an annual average growth rate of 73.8% in the past three years, in its press conference at Yeouido ahe

Companies in the South Korean battery industry are looking to commence initial public offerings (IPO) on KOSDAQ from the South Korean government's move towards boosting the electric vehicles market to jump start the economy that has been damaged by the COVID-19 pandemic.A total of six companies have

Posco Chemical has begun construction of its synthetic graphite cathode factory at Pohang, South Korea, on Thursday, the company said.The company decided to invest 217.7 billion on to build the factory at a board meeting on March 30.The factory will have an annual production rate of 16,000 metric to

LG Chem is planning to begin production of batteries with nickel, cobalt, manganese and aluminum (NCMA) anode materials beginning in 2021, people familiar with the matter told TheElec on Tuesday.This is a year earlier than its initial goal of beginning production in 2022, they said. The batteries wi

South Korean battery pack maker Elentec will supply its goods to world’s largest motorbike maker Honda, people familiar with the matter told TheElec on Friday.LG Chem has won a battery supply deal with the Japanese giant for the latter’s e-scooters. LG is using Elentec's battery packs for the supply

South Korean equipment maker TSI, which plans to be listed on KOSDAQ, is planning to take part in a Vietnamese battery project, people familiar with the matter told TheElec on Wednesday.It has formed a consortium with compatriot equipment vendor PNT, to increase the chance of winning the order from

Global plug-in vehicle delivers reached 2.26 million units in 2019, a 9% rise compared to 2018, according to market research firm EV Volumes.The Tesla Model 3 sold the most at 300,075 units, followed by BAIC EU Series’ 111,047 units and Nissan Leaf Pro’s 69,873 units. In other words, the electric ve

LG Chem and Hyundai Motor was in talks to form a joint venture that produces batteries for electric vehicles (EV), people familiar with the matter told TheElec on Friday.LG Chem will gain a steady demand line for the venture while Hyundai will secure batteries for its E-GMP platform, they said.Talks

SFA, South Korea’s largest equipment vendor by revenue, will take part in Vietnamese conglomerate Vingroup’s battery project, TheElec confirmed on Wednesday.Vingroup is planning to produce its own battery cell via its automobile affiliate VinFast, people familiar with the matter said.VinFast has sen

As more prismatic battery cell makers such as Samsung SDI, CATL, Svolt and Northvolt moves to use stacking method instead of winding for their production, more orders for notching equipment are being placed.Notching equipment is used to make anode and cathode tabs in material materials. It was previ

Chinese cobalt giant Zhejiang Huayou Cobalt had issued 6.25 billion yuan worth of private shares last month. It was selling its cobalt mine in Congo and investing in nickel mining in Indonesia.South Korea anode materials maker Eco Pro BM, in collaboration with Australian mining firm Blackstone Miner

Posco Chemical has succeeded in developing NCMA cathode materials, the company said on Monday.Client review has also been completed and the materials will begin to be massively produced soon at its factories at Gumi and Gwangyang, the company said.NCMA, or nickel-cobalt-manganese-aluminum, adds alum

Posco Chemical has begun the review to commence more investment into its anode material production plant, TheElec confirmed on Friday.The company is expected to wrap up the discussion and give the go-ahead to invest in adding new factory lines at anode-producing plant at Gwangyang in the third quart

LG Chem has become the second largest supplier of electric vehicle (EV) batteries in China, according to a local research firm.The South Korean battery giant moved 2087MWh of batteries used in EV from January to May, Battery China said.Local vendor CATL topped the list with 6178MWh while BYD placed

Swedish electric vehicle (EV) battery firm Northvolt will use equipment from a South Korean vendor for its new production line, TheElec confirmed Wednesday.South Korea-based Jeil Machine was producing the mixing equipment and will supply them to Northvolt beginning in the second half of the year, pe

EcoPro BM has approved the investment plan to build its new anode material factory, which is dedicated to supplying client SK Innovation for electric vehicle (EV) battery production, TheElec has confirmed Wednesday.The company’s board approved the motion to move forward with its 80 billion won inves

LG Electronics was using mostly Chinese companies for the majority of the batteries that powers its smartphones this year, TheElec confirmed Tuesday.It has used Amperex Technology Limited (ATL) and BYD before but has recently added Lishen Battery as a vendor, sources within the company said.China-ma

General motors will “work every closely” with Chinese battery maker CATL in the world’s second largest economy, according to reports.“We have already established a good working relationship and supply agreement with CATL,” said Julian Blissett, GM’s China president, as reported by Reuters. “We will

Hansol Chemical is planning to develop, produce and supply cathode materials for the first time, people familiar with the matter told TheElec Wednesday.The company will receive the necessary technologies from Samsung, the people said. Hansol will begin supplying the materials to Samsung SDI afterwar

SK Innovation is planning to apply high-speed and wide methods in its battery production, TheElec confirmed Tuesday.The goal is to increase productivity to reduce costs __ but some of its other competitors have applied similar methods but is having difficulty securing yield rate. Whether SK will suc