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 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

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

Korea Zinc is grouping its disparate battery material business units under one roof.Its staff from its two subsidiaries related to the battery value chain will all be housed at the Youngpoong building in Gangnam where Korea Zinc is based, sources said.The two companies are nickel sulfur producer KEM

SK On is planning to expand its electric car battery production capacity in South Korea to meet rising demand from customer Hyundai Motor.Hyundai Motor has started construction of a new EV production facility at Ulsan.SK On is planning to start spending on its facilities at Seosan this year with the

General Motors was considering using cylinder batteries over pouch batteries in its electric vehicles (EV), TheElec has learned.The US automobile giant had previously used pouch batteries from EV battery supplier LG Energy Solution for its models.Sources said this choice by General Motors’ has cause

The battery-making joint venture between SK On and Ford is expected to use equipment supplied by a Chinese company for their factory in the US, TheElec has learned.It seemed unlikely that Zhejiang Hangke would win an order from BlueOval SK initially due to the ongoing trade war between the US and Ch

LG Energy Solution has set a goal to develop lithium-sulfur battery within the next three years, TheElec has learned.This means the company is aiming to commercialize the battery sometime in 2027.Lithium-sulfur battery is one of many battery technologies that could possibly replace lithium-ion batte

Cosmos Advanced Materials is expected to start mass production of precursors used in the production of battery cathodes during the third quarter, TheElec has learned.The company bought the equipment needed for the production from battery maker Samsung SDI’s subsidiary STM in February 2020.The new li