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

Zhejiang Hangke is taking part in the equipment bidding process by BlueOval SK, the battery joint venture between SK On and Ford, for its factory in the US, TheElec has learned.The Chinese equipment maker’s bid is a late entry and it will be competing with South Korean rivals Kapjin and Wonik PNE.Th

Volkswagen is planning to hire South Korean staff at a larger scale than before.Its subsidiary, PowerCo, is holding a job conference in the country from December 12 to 13.It has previously used agents or existing staff to inject new blood. This is the first time it is holding an event to hire new pe

The cathode joint venture between EcoPro BM, SK On, and Ford will set up their factory in the US.The factory will produce precursors used to produce cathode, the core material used to manufacture electric vehicle batteries. The move is a response to the US Inflation Reduction Act.In an investor rela

SK On has begun reviewing a spending plan to expand its electric vehicle battery factory in Seosan, South Korea, TheElec has learned.The expansion is being considered to better respond to demand from Hyundai Motor, which is planning to build a new electric vehicle production facility in South Korea.

Hyundai Motor is planning to apply CATL’s cell to pack technology on its new electric vehicles next year.The technology, which puts battery cells into packs directly without modules, will be adopted on new light electric vehicle models such as the Kia Ray first, sources said.However, the auto giant

Korea Zinc’s expansion into energy and resource development businesses could mean that it could end its relationship with its largest shareholder Youngpoong Group.On Wednesday, Korea Zinc announced that it will commence share swaps with LG Chem and Hanwha Corporation worth 256.7 billion won and 156.

SK On has started installing equipment into its planned new EV battery factory in Hungary, TheElec has learned.The factory at Ivancsa will be its third factory in Europe. It plans to build two at Ivancsa and the equipment are being placed for the first one.The first factory will have an annual outpu

LG Chem said on Tuesday that it will spend over 4 trillion won to build a cathode factory in the US.The company is aiming to secure an annual production capacity of 120,000 metric tonnes by 2027 for the factory that will be built in Clarksville, Tennessee.LG Chem said the annual amount is enough to

Enerever Battery Solution is expected to complete the construction of its new battery separator factory in South Korea this month.The factory at Wanju will be the third made by a South Korean company locally after SK IE Technology and WCP.Enerever spend 50 billion won starting in April 2021 for the

BlueOval SK, the battery joint venture between SK On and Ford, is unlikely to Chinese equipment maker for its planned factory in the US due to the ongoing trade war between the US and China.Ultium Cells, the joint venture between LG Energy Solution and General Motors, had also excluded Chinese suppl

LG Chem was in the final steps of approving its spending plan to build a battery cathode factory in the US, TheElec has learned.The company is likely to build the factory in Clarksville, Tennessee, where subsidiary LG Energy Solution is building two factories through its joint venture with General M

SK On’s new joint battery factory with Ford to be built in Ankara, Turkey will be almost identical to its factory in Hungary.Local conglomerate Koc will also be a partner in the factory, which will be built in the special industrial zone at Baskent.The factory is almost an exact copy of SK On’s firs

Batteries, biopharmaceuticals, and chips. These three products are largely considered to be Samsung’s three growth engines today by observers of the South Korean conglomerate.Samsung SDI is the subsidiary that handles batteries.But in contrast to the other two products, Samsung SDI’s investment in t