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

Hyundai Motor chairman Chung Eui-son met CATL CEO Zeng Yuqun earlier this month to discuss using the Chinese battery maker’s products on its car models, TheElec has learned.Zeng, who also goes by Robin Zeng, was accompanied by three president-level executives in his meeting with the chairman of the

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

LG Energy Solution said on Wednesday that it will be procuring graphite from Australian firm Syrah Resources Limited.The South Korean battery maker said the move was done to reduce the reliance on China for the material ahead of the US Inflation Reduction Act coming into effect.LG Energy Solution wi

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

Hanwha Corporation has hired a former executive at Samsung SDI who worked on battery equipment, TheElec has learned.STM vice president Ryu Yang-sik recently quit the company to join Hanwha Momentum, Hanwha’s business unit that manufactures battery equipment.He will head the battery business of the u

Samsung is planning to increase the battery capacity of the Plus model on the Galaxy S23 series launching next year, TheElec has learned.Galaxy S23 Plus will have its capacity increased by 5% to around 4700mAh, compared to the 4500mAh of its predecessor.It is unclear whether the standard model and t

Samsung SDI was preparing to build a second electric vehicle battery pack factory line at its facility in Michigan, TheElec has learned.Its existing first factory line was operating at 100% capacity thanks to increased sales of plug-in hybrid electric vehicles made by Stellantis, sources said.This f