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

Corning said on Tuesday that it has supplied its Astra Glass to Samsung Display for use in quantum dot (QD)-OLED panels.Each QD-OLED panel uses two sheets of the glasses: one for the thin-film transistor and another for the QD layer.Samsung Display’s QD-OLED panel will be used in TVs made by Samsung

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

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

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

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

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

Display and fab equipment maker AP Systems said on Thursday that it has recorded 528.7 billion won in revenue and 64.3 billion won in operating profit in 2021.While the revenue figure is a drop of 11% from 2020, operating profit jumped 39% over the same time period, the company said.AP Systems said

LG Electronics said on Wednesday that it was exiting its solar panel business. It will officially close down the business on June 30, after its board of directors approved the decision on Tuesday.The company said it made a comprehensive review of the impact of increasing material and logistics costs

LG Energy Solution said on Thursday that it has acquired US energy storage system (ESS) system integration (SI) firm NEC Energy Solution from their parent Japanese company NEC Corporation.The South Korean battery maker will wholly own its new subsidiary and rename it LG Energy Solution Vertech, the

Samsung’s automotive component subsidiary Harman acquired German augmented reality (AR) and mixed reality (MR) head-up display (HUD) software firm Apostera.Harman said it will apply the software by the startup, founded in 2017, to its digital cockpit solutions.According to the Samsung subsidiary, Ap

South Korean electric vehicle (EV) battery maker LG Energy Solution said it had recorded 17.85 trillion won in revenue and 768.5 billion won in operating income during the entire year of 2022.Revenue increased 42% year-on-year, while the company recorded its first annual operating income after years

Dawonsys said on Tuesday that it was issuing 65.6 billion won worth of new shares.Around 3 million regular shares will be allotted in March 14, the company said. The new shares will begin trading in May.The company said it plans to use the fund to fuel its new semiconductor and display equipment bus

Samsung Display said on Sunday that it has collaborated with the Korea Institute of Science and Technology Information to develop a simulation platform to evaluate OLED materials.Called Sync-OLED, the platform can simulate the basic characteristics of OLED materials and movements of electrons.It was

Chip testing equipment maker Hprobe said on Friday that it has won an order for its wafer-level magnetic tester from South Korea’s largest chip firm.The French company offers various testing equipment for semiconductor devices.The firm’s major product is its IBEX platform, used to test MRAM, is comp

Display equipment maker Philoptics said that it has named a new CEO for its battery equipment making subsidiary Philenergy.Kim Kwang-il, who had been a president at Philoptics since 2018, was named to the top post. He previously worked at Samsung SDI for 21 years. Philoptics said it expects Kim to s

LG Energy Solution said it will procure lithium hydroxide from Germany’s Vulcan Energy.Lithium hydroxide can be easily synthesized with nickel and is used to make electric vehicle batteries.The South Korean battery maker said it plans to procure 45,000 metric tonnes of the material from Vulcan Energ

LG Electronics said it has recorded 74.72 trillion won in revenue and 3.86 trillion won in operating income for the entire year of 2021.The revenue figure is its highest to date, which the South Korean electronic maker credited to high sales of premium home appliances.Revenue increased 28.7% from 20

Share prices of LG Energy Solution soared in its debut on the South Korean bourse on Thursday, making the company the second most valued company on KOSPI instantly.The South Korean battery maker was valued at 110 trillion won in its debut, putting it just behind Samsung Electronics’ valuation of 439