SK Innovation has officially split off its battery business into a new company called SK On on Friday.Its petrochemical business has also been split off into a new company called SK Earthon.SK On’s first CEO will be Ji Song-seop, who led SK Innovation’s battery business.Ji joined SK Group back in 19

Equipment maker Yunsung F&C said on Thursday that it has been selected to be part of a national project to develop a battery dry electrode process.The company will develop the mixer and film manufacturing kit needed for the process.Hanwha Corporation, which also supplies battery production equipment

Chinese battery giant CATL held a 34% market share in the global electric vehicle (EV) battery market from January to August, according to SNE Research.South Korean rival LG Energy Solution controlled 21.5% during the same time period, while Japan’s Panasonic held 11.1%.In terms of capacity, LG Ener

Schneider Electric and equipment maker Avaco will collaborate to develop battery production equipment aimed at the global market.Avaco will design the equipment and oversee installation while Schneider Electric will provide the South Korean company with its EcoStruxure for Battery, its IoT digital p

SoluM said on Tuesday that it is seeing sales from its supply of server power switch equipment to Intel increasing over 50% per year since 2019.The product it supplies to the chip giant was high-efficiency and high-density and it is seeing orders for the increase every year, the South Korean compone

LG Energy Solution said on Friday that it has developed the technology to have solid-sate batteries chargeable at ambient temperature.The company collaborated with the University of California San Diego for the technology.The pair developed a solid-state battery that can charge over 500 times at 25

BASF and CATL said they will collaborate to build a sustainable battery distribution chain.The pair will collaborate in cathode active material and battery recycling areas.They will work to reduce the carbon footprint of their operations through BASF’s advanced manufacturing process, stable raw mate

Shipment of OLED panels 10-inch or larger exceeded 10 million units for the first time during the first half of 2021, according to UBI Research.This was thanks to high sales of tablets and TVs that use OLED panels, the analyst firm said.According to UBI Research, shipment of OLED panels 10-inch or l

LG Energy Solution has put in 35 billion won into China’s Greatpower Technology for a 4.8% stake.The South Korean battery maker said on Friday that it will be procuring 20,000 metric tonnes of nickel from the Chinese company from 2023 to 2028.The amount if enough for batteries that can be used in ar

Fab equipment maker Auros Technology has signed a contract with Samsung Electronics to supply 2.2 billion won worth of equipment.It will be providing its overlay equipment to the South Korean tech giant, people familiar with the matter said.Overlay kits are used to check whether the circuits are pre

Samsung Display said on Thursday that it has begun supplying Taiwanese notebook maker Asus with 90Hz refresh rate OLED panels for use in notebooks.It is the company’s first 90Hz OLED panels.The panels will be used in Asus’ 14-inch notebooks Zenbook and Vivobook Pro series.Samsung Display said it wil

SKC said on Thursday that it has formed a joint venture with Japan’s TBM that will produce biodegradable plastic.The venture, called SK TBM Geostone, will manufacture that SKC calls biodegradable LIMEX, starting in 2023.LIMEX is a mixture of polylactic acid (PLA) and polybutylene adipate-co-terephth

Hyundai Motor Group and LG Energy Solution said on Wednesday that they have started construction of their joint battery factory in Indonesia.The factory will be built at Karawang New Industry City on 330,000 meter-square of land.It will have an annual production capacity of 10GWh.The pair is aiming

SK Materials said on Tuesday that it will build a new silicon anode factory at Sangju in South Korea.It will spend 850 billion won to build a plant that manufactures silicon anode and raw materials needed for their production.The factory will be built by its planned joint venture with US firm Group1

Volvo said on Tuesday that it expects to meet its target of selling 15,000 units of vehicle in South Korea this year.The company is also aiming to sell 25,000 vehicles annually in the country within the next five years.Volvo launched its new SUV XC60 in the country on Tuesday.The company said it has

Xavis has been chosen by the Ministry of Trade, Industry and Energy to lead a national project to develop an AI-based x-ray inspection kit for batteries.The company will develop a 15ppm system under the project.Xavis will spend 2.018 billion won for the project __ 1.38 billion won will be provided b

Intel on Thursday unveiled the Xeon E-2300 server processor aimed at small and medium businesses.The processor uses Intel’s C250 series chipset and has 17% increased performance compared to its predecessor, the company said.Memory speed has also increased 23% from the previous generation. The chip a

Haesung Optics said on Thursday that it will exit its camera module and lens businesses.It will focus its efforts on optical image stabilization (OIS) and actuators, the firm said.Back in May, Haesung had said it plans to sell its camera module business while it will reduce its lens operation.But it

SK Innovation said on Thursday that it has signed a deal worth 10.11 trillion won with EcoPro BM to procure battery cathode.The pair will also collaborate in the development of cathode material and battery recycling.TheElec was the first to report on July 20 that EcoPro BM and SK Innovation was in t

Wonik PNE said on Wednesday that it will be supplying Swedish battery maker Northvolt with charge discharge equipment.The kits will be supplied to Vasteras in Sweden, where the battery maker has an R&D center and production line.The contract will last from September 7 to December 31. Wonik PNE didn’