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

Ford chairman Bill Ford will visit South Korea this month to meet with the leadership of battery makers LG Energy Solution and SK On, TheElec has learned.The visit is likely being made to find a solution to the US Inflation Act, which means electric vehicles with South Korean batteries won’t be able

South Korean battery material firm EcoPro will form a joint venture with its Chinese counterpart GEM that focuses on producing material needed in batteries, TheElec has learned.The pair already operates a joint venture called EcoPro Materials, which makes cathode precursors and recycle batteries.The

LG Energy Solution has recently canceled the development of prismatic batteries, TheElec has learned.Earlier this year, the company started a review of the product on whether it will be viable but recently concluded that it was not feasible business-wise.Prismatic batteries put in the materials in c

SK On is expected to place separate orders for tab welders and packaging equipment used in battery production at factories run by Blue Oval SK, its joint venture with Ford, which will give increased chances to suppliers to win orders.The South Korean battery maker had previously ordered both kits as

Chinese battery equipment firm Lead Intelligent has hired an ex-LG Energy Solution executive as head of its South Korean operation, TheElec has learned.The Chinese firm hired Kwon Tae-joon, who previously worked at LG Chem’s petrochemical business and LG Energy Solution’s energy storage system busin

Samsung SDI is planning to finalize the specification of its battery that will have a diameter of 46mm, the company’s China head said.Tesla s planning to use 4680 batteries, batteries with a diameter of 46mm and length of 80mm, for its electric vehicles.Samsung SDI has been developing batteries in t

DS Techopia was planning to start producing electrolytes used in batteries and was contacting LG Energy Solution and SK On to secure them as customers, TheElec has learned.The company formed a subsidiary dedicated to the business called DS Electra back in March.The subsidiary is planning to spend US

LG Energy Solution had adopted a complete inspection process that includes battery modules for the first time to increase the reliability and safety of its batteries, TheElec has learned.The new system had been applied to its factory in Wroclaw, Poland during the second quarter. The factory manufact

LG Energy Solution and Honda said on Monday that the pair plans to form a joint venture to build a battery factory in the US.The two companies will spend a total of US$4.4 billion on the factory which will have an annual production capacity of 40GWh.It is the first joint venture between a South Kore

Posco Chemical said on Thursday that it won a long-term deal worth 1.05 trillion won to supply battery cathode for use in energy storage systems.The deal is worth 52.9% of its revenue last year and will last until 2026.The South Korean chemical firm didn’t reveal its customer but said its cathodes w

Avaco has succeeded in winning an order for copper foil slitters from Iljin Materials, TheElec has learned.The deal is a big win for Avaco, which has been aiming to expand in the battery production equipment sector since 2020. Prior to the expansion, the company had mostly manufactured display produ

Nsys said on Monday that it has completed its new battery production equipment factory that will manufacture inspection and formation equipment.The company spent 16.7 billion won on building the factory at Asan, which went into construction last year in October.Nsys specializes in battery inspection

Display equipment maker Toptec is expected to take part in the bidding process for BlueOval SK’s battery equipment order next month, TheElec has learned.The joint venture between battery maker SK On and US car giant Ford is planning to place orders for equipment it will use for its planned factory i

BlueOval SK, the battery joint venture between SK On and Ford, is expected to resume spending on building battery factories in the US next month, TheElec has learned.The latest spending round will be their planned factory in Tennessee. BlueOval SK is expected to spend 3 trillion won in total for the

Hana Technology said on Thursday that it recorded 58.9 billion won in revenue and 2.7 billion won in operating profit during the first half of 2022.Revenue more than doubled compared to the same time period a year ago while it returned to profitability from last year.Hana Technology said it won larg

SK On’s battery cathode joint venture in the US with Ford and EcoPro BM will likely procure the precursor needed from a company based in South Korea owned by China’s Ningbo Ronbay New Energy Technology.Precursors and lithium are needed to produce cathode and these materials are difficult to procure

Samsung SDI is seeking to add more suppliers of electrode equipment besides Hanwha Corporation, TheElec has learned.The South Korean battery maker is planning to apply a bidding process for the next batch of electrode equipment it uses, sources said.The new policy is expected to start with its plann

SFA was in the final stages of talks with Northvolt to supply battery production equipment, TheElec has learned.The pair was in the stage of discussing unit prices and wrapping up the talks, sources said.SFA became the preferred candidate for the equipment for back-end and logistics processes over r

Samsung SDI’s spending this year to expand its battery production capacity is expected to exceed that of 2021, TheElec has learned.The South Korean battery maker is expected to especially focus on expanding its cylinder battery production capacity.Samsung vice chairman Lee Jae-yong, the leader of th