An executive at electric bus maker Edison Motors has criticized Hyundai Motor Company for monopolizing components used in hydrogen fuel cell cars.Edison Motors director Lee Ho-young said at a local conference hosted by the the Korean Society of Automotive Engineers that the firm singed a hydrogen fu

Posco Chemical said on Wednesday that they will build a new battery cathode and precursor factory at Tongxiang city in China. It will be the company’s first factory abroad for battery materials.The factory will be built through its joint venture with Huayou Cobalt. Posco Chemical will spend 281 bill

Tesla was again the top seller of electric vehicles during the first half of 2021, according to SNE Research.The company sold 390,000 units of battery electric vehicles (BEV), securing a market share of 22%.Shanghai GM Wuling took second place with 10.7% market share, followed by BYD with 5.4%.Hyund

Image: LG Energy SolutionLG Energy Solution said on Thursday that is has completed the supply of batteries for energy storage systems (ESS) to US company Vistra based in California.The South Korean battery firm supplied 1.6GWh worth of batteries for the system.The amount is enough to power 300,000 h

Printed circuit board maker Daeduck Electronics said on Wednesday that it has supplied its first flip chip ball grid array (FC-BGA) to its customer.The company’s new FC-BGA factory at Ansan went live, the firm said.FC-BGA is a wireless semiconductor package board. It is used in high-value products s

X-ray equipment maker Xavis said on Thursday that it has been chosen as the leading company in a national project to develop X-ray module for a robot that detects and removes explosives.The project will get 4 billion won in total funding from South Korea’s defense ministry.Out of the total funds, 3

South Korean startup SM Lab said on Wednesday that it has developed a battery cathode that has nickel account for 98% of the material.Cobalt only accounts for 1% of the cathode, the company claimed.The company expects production of the cathode to start sometime during the first half of 2022.Increasi

CIS said on Tuesday that it has signed a contract to buy 27,942 meter-square of land at Daegu for a new solid electrolyte factory.The space is 1.4 times that of its previous two factories at the same industrial zone.The company plans to build a new factory in the new land by next year.CIS formed a n

Samsung Display said on Monday that the folding OLED panel it supplied for the Galaxy Z Fold 3 consumes 25% less power than its predecessor.The South Korean display panel maker said it applied a new layer structure that puts the polarizer within the panel.This means the panel can deflect outer light

Samsung Electro-Mechanics said on Thursday that it has developed two new multi layer ceramic capacitors (MLCC) for advanced driver assistance systems (ADAS).ADAS are used for autonomous driving. The kinds of ADAS include lane keeping assistant system, surround view monitor and smart cruise control.M

Samsung unveiled its new foldable smartphones on Wednesday with far more competitive prices than previously.The South Korean conglomerated introduced the new Galaxy Z Fold 3 and Galaxy Z Flip phones at its virtual Unpacked event.Galaxy Z Fold 3, which opens and closes like a book, has a 7.6-inch mai

Philoptics said on Wednesday that it secured 4 billion won in funding that will be spent on its on-going fine metal mask (FMM) development.Its subsidiary Philmaterials was also looking to secure an additional 10 billion won within the year, the company said.Philoptics received the funds from Aju IB

Samsung Display is expected to begin production of quantum dot (QD)-OLED panels in the fourth quarter this year, according to UBI Research.The South Korean display panel maker will use 30,000 sheets of Gen 8.5 (2200x2500mm) substrates per month to manufacture 65-inch, 4K resolution panels that use t

Hyundai Motor and Kia have faced a total of nine patent infringement lawsuits by eight different non-practicing entities (NPE), data from the Korea Intellectual Property Protection Agency (KOIPA) showed.The latest suit was filed in May against Hyundai Motor and Kia by US NPE MicroPairing Technologie

Samsung Electronics on Tuesday launched on a new processor for wearable devices that was built with its 5-nanometer extreme ultraviolet process.Exynos W920 will power the upcoming Galaxy Watch 4 that will be unveiled this week.The chip sports Arm Cortex-A55 CPU cores and a Mali-G68 GPU core.Samsung

ON Semiconductor has changed its name to OnsemiThe company said it will focus on intelligent power and sensing technologies to achieve net-zero emissions by 2040.“We have spent the last several months focusing the strategy, and realigning our product portfolio and investments to deliver market-leadi

US President Joe Biden has set a goal for half of all new US vehicles sales electric by 2030.The White House on Thursday laid out its plan to tackle climate change by cutting emissions from vehicles.President Biden signed the executive order with representatives from Ford, GM and Stellantis, and mem

Hanwha Corporation said on Friday that it has posted 12.67 trillion won in revenue and 769 billion won in operating income.Revenue increased 15.2% from the previous year while operating income jumped 53.4% over the same time period.Hanwha also recorded a net income of 572.1 billion won, an increase

SK Innovation is planning to split off its battery and oil business units in October.SK Innovation will become the holding company of the two new subsidiaries.SK Battery and SK E&P will be formed on October 1, after the move is approved by shareholders on August 16. The board of SK Innovation propos

PI Advanced Materials will list on KOSPI and its shares will starting trading August 9, the company said.The firm first listed on KOSDAQ in December, 2014.The Korea Exchange approved of the transfer, PI Advanced Materials said on Tuesday.A company spokesperson said it hopes to join the KOSPI 200 ind