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

Samsung SDI is planning to build a third electric vehicle battery factory in Hungary, TheElec has learned.The factory is being built to supply auto giant BMW with batteries, sources said.The plan comes just around a month after Samsung chairman Lee Jae-yong met with BMW CEO Oliver Zipse.The new fact

LG Energy Solution was in talks with Japan’s Toyota to supply the auto giant with electric vehicle batteries, TheElec has learned.The pair were discussing forming a potential joint venture and other specifics, sources said.LG Energy Solution and Toyota are expected to announce their collaboration wi

SK On’s factory in the US suffered a fire incident sometime during September this year, TheElec has learned.The fire happened on the part of the line where the formation process is done during battery production at the plant in Georgia state, sources said.The fire was extinguished quickly by the sta

SK On is planning to develop an electric vehicle (EV) battery that doesn’t use cobalt, TheElec has learned.Cobalt is considered a conflict mineral and is more expensive than other materials used in batteries such as nickel and manganese.SK On is aiming to develop the battery within three years and i

BlueOval SK, the battery joint venture between SK On and Ford, is facing difficulty in finalizing equipment orders as suppliers are offering their kits at higher prices than the battery maker wants, TheElec has learned.BlueOval SK had begun placing orders in mid-November but every week there has bee

LG Energy Solution is aiming to have its suppliers burden the cost when the company faces problems such as battery fires, TheElec has learned.As an incentive for the suppliers, South Korean battery maker is offering long-term contracts to companies that agree to the term.These contracts also include

Volkswagen will concentrate on producing battery cells at its factories that will be constructed in Europe while also developing CATL’s cell to pack (CTP) technology.Soonho Ahn, the CTO at Volkswagen’s battery cell subsidiary PowerCo, said as much during a job conference to hire South Korean battery