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

CATL chairman and CEO Robin Zheng will visit South Korea next week to meet executives of Hyundai Motor Group, TheElec has learned.Zheng’s visit is made to strengthen the Chinese battery giant’s partnership with Hyundai Motor, which uses CATL batteries on its Niro EV models.The CATL CEO is very likel

Hyundai Motor was reviewing a plan to procure more batteries made in China, TheElec has learned.The company may expand the number of batteries it buys from CATL. Sources said it is highly likely that the South Korean auto giant will more than double the amount it procures from the battery maker.CATL

Ford had recently made a request to South Korean battery maker SK On that many working at production equipment suppliers as a veil to learn battery production technologies, TheElec has learned.The US car giant wants its own employees to work with those from SK On when they begin installing and opera

SK On has recently conducted a demo test for tab welding equipment provided by South Korean equipment maker Toptec, TheElec has learned.The South Korean battery maker always asks potential new suppliers to provide a demo equipment firm.The process, called turn on, is done to gauge whether the suppli

Production equipment maker DSK has begun supplying logistics equipment to South Korean battery maker LG Energy Solution, TheElec has learned.It was supplying them through LG Electronics’ Production engineering Research Institute (PRI), not to LG Energy Solution directly, sources said.DSK had in the

Tesla has begun selling Model 3 Standard Range Plus models in South Korea that uses battery made by CATL in August, TheElec has learned.At the time it was only for some models but all models of Model 3 Standard Range Plus models ordered at the current time in South Korea will use the Chinese company

Youlchon Chemical said on Wednesday that it has won a deal worth around 1.5 trillion won from Ultium Cells, the electric vehicle battery joint venture between LG Energy Solution and General Motors.The deal will last from January 2023 to December 2028, the company said.The battery film sector is domi