Samsung chairman Lee Jae-yong is expected to meet executives of US electric car maker Lucid next month, TheElec has learned.Lee will accompany South Korea's President Yoon Suk-yeol on his state visit to the US on April 26.There is expected to be a roundtable meeting between US and South Korean busin

Chinese battery equipment maker Zhejiang Hangke will be forming a joint venture in South Korea, TheElec has learned.The company will form HK Power with a local company. Hangke will spend US$30 million in the venture.The move is likely to supply more equipment to main customer SK On. Hangke recently

Samsung Electro-Mechanics has so far filed 14 patents that are seemingly related to solid-state batteries.According to Kpris, an open portal of all patents filed in South Korea run by the Korea Patent Office, the component maker had so far filed a total of 14 patents related to solid-state batteries

LS Electric is planning to build an electric infrastructure technology center in August somewhere in Central US.The center is expected to house up to 40 staff handling service engineering, maintenance and repair as well as research, the company said.The building of the center will be followed up by

Samsung Electro-Mechanics was developing components for small solid-state batteries.Samsung Electro-Mechanics CEO Chang Duck-hyun told reporters after the company’s shareholders meeting on Tuesday that the company had the technology to make solid oxide at high temperatures thanks to its experience m

Samsung SDI has confirmed that it was developing lithium iron phosphate (LFP) battery after its shareholders’ meeting.LFP batteries are mostly made by Chinese companies but their popularity has spurned South Korean battery makers LG Energy Solution and SK On to develop them as well.LFP batteries hav

Home appliance giant Dyson is planning to manufacture its own batteries, TheElec has learned.The UK company is planning to manufacture small pouch-type batteries in collaboration with South Korean equipment makers, sources said.Dyson is planning to build its factory in Singapore with an expected ann

Hyundai Motor Group is highly likely to launch an electric vehicle this year that uses lithium iron phosphate (LFP) batteries made by CATL, TheElec has learned.CATL’s LFP battery was being prioritized over batteries of other vendors for use in the Gen 2 Kia Ray EV that will launch this year, sources

Executive and employees of display and battery production equipment maker Toptec have been found guilty of leaking the technologies of customer Samsung Display to Chinese competitors.The Suwon High Court, the appeals court, overturned a ruling of not guilty from the district court on Tuesday and fou

Chip and display equipment maker Global Zeus is aiming to expand its robotics business this year, a company executive told TheElec Global Zeus Factory Automation Business ABD BU head Hwang Jae-ik said the company is planning to double the revenue from its robotics business this year.The company is a

Samsung SDI is planning to supply cylinder batteries to US car giant General Motors, TheElec has learned.The pair will be announcing the formation of a joint venture that will build a battery factory with an annual capacity of at least 30GWh, sources said.Last month, General Motors said it was open

LG Energy Solution said on Thursday that it will be forming a joint venture with Ford and Turkey’s Koc Group that will build a battery factory in Turkey.The three will aim to secure 25GWh in annual production capacity and start production in 2026.Ford and Koc had such an agreement originally with SK

US car giant Ford and South Korean battery maker SK On were in a dispute over the halting of the production F150 Lightning electric truck, TheElec has learned.Ford is claiming SK On’s faulty batteries were the cause. The South Korean company had countered that it was a one-time issue and that there

LG Energy Solution was currently developing lithium iron phosphate (LFP) batteries for electric vehicles.The aim is to have the LFP batteries have higher performance than those made by rival CATL, sources said.LG Energy Solution’s version uses a cobalt-free cathode and is a pouch type.In its researc

Global unit sales of electric vehicles reached 10.54 million units in 2022, an increase of 55% from 2021, according to analyst firm EV Volumes.And these EVs used 505GWh of batteries, the firm said, with the top five companies supplying 76% of the batteries used.The top five EV battery suppliers were

The CEO of production equipment maker SFA said on Tuesday that the acquisition of CMOS image sensor maker CIS will allow it to offer turn-key deals in the battery sector.SFA CEO Kim Young-min said during its earnings call for 2022 that the company is planning to maximize its synergy with CIS going f

Hanwha Momentum, the battery equipment-making subsidiary of Hanwha Corporation, was asked by SK On to make compensations for the fire that happened at the latter’s battery factory in the US, TheElec has learned.The fire at SK On’s factory in the US started at the formation process part of the produc

Hanwha Momentum has won an equipment deal likely worth over 100 billion won from Sweden’s Northvolt for use in commercial battery production, TheElec has learned.The Korean equipment maker had attempted to win orders for electrode equipment from the battery maker in the past.But it had always lost t

EcoPro BM is planning to double its spending on facilities this year to increase its production capacity for battery cathodes.The company said on Friday in its earnings call for the fourth quarter that, for the entire year of 2022, it recorded 5.35 trillion won in revenue and 382.5 billion won in op

LG Chem, the parent company of South Korean battery maker LG Energy Solution, is aiming to launch a single crystal cathode within the year.LG Chem cathode development team leader Jeong Myung-gi said this cathode will be based on a mixture of nickel, cobalt, manganese, and aluminum.Making these vario