Battery equipment maker A-Pro is seeking to secure new customers besides its main customer LG Energy Solution.A-Pro CEO Lim Jong-hyun told TheElec that the company was also seeking to expand sales in the US.The company’s main offering is its charge and discharge equipment that supports degassing and

Battery equipment maker Nsys said on Wednesday that it has acquired a 14.13% stake in fellow battery equipment maker Kapjin for 10.05 billion won.The purchase makes Nsys Kapjin’s second-largest shareholder.While Nsys’ main revenue source is inspection equipment for the electrode process during batte

Battery equipment maker Hana Technology is planning to spend more on facilities in 2022 compared to a year ago, TheElec has learned.This includes acquiring additional space to build another factory, sources said.Hana Technology currently has production facilities on 39,969 meter-square of land; the

Nain Tech CEO Park Geun-noh said the company is aiming to increase its annual revenue in 2022 by over 60% compared to a year ago.Park told TheElec during the company's annual shareholders’ meeting on Tuesday that the Covid-19 pandemic had caused its customers to delay spending on facilities and plac

South Korean battery copper foil companies are expected to place orders for equipment worth over 200 billion won this year, TheElec has learned.SK Nexilis, Iljin Materials and KZAM have begun placing orders for equipment to suppliers.They will procure titanium drums from mostly Japanese companies wh

South Korean battery maker SK On has named Toptec as its back-end partner for its new factory in Hungary, TheElec has learned.Toptec will be supplying equipment used to group battery cells into modules and packs to SK On’s factory in Invancsa, Hungary, sources said.The equipment is also used to atta

MK Electron CEO says the company is aiming to start producing silicon anode next year at the earliest.The South Korean material company was currently testing a silicon anode that improves on the weaknesses of exiting silicon anode, MK Electron Lee Jin told TheElec.The anode in batteries stores and r

Wonik PNE has acquired the battery equipment business unit of Samji Electronics, TheElec has learned.This is the company’s third acquisition in the past six months. Wonik PNE acquired Techland in October and NS in November.Wonik PNE’s parent company Wonik Holdings acquired battery equipment maker PN

LG Chem and Korea Zinc are planning to form their joint venture sometime in April, TheElec has learned.The venture will manufacture precursors, which will be used to manufacture cathode by LG Chem.This cathode will then be used by LG Energy Solution to manufacture batteries.On Wednesday, LG Chem vic

South Korean battery equipment maker TSI has won an order to supply mixing equipment to Ultium Cells, TheElec has learned.TSI beat competitor Yunsung F&C to win the order to supply the equipment to LG Energy Solution and General Motors’ joint venture.The mixing equipment will be supplied to Ultium C

Battery equipment maker Avaco is aiming to supply its new electrode equipment to LG Energy Solution directly, TheElec has learned.If it succeeds, it will be securing a second major customer after Ultium Cells, the joint venture between LG Energy Solution and General Motors, which it is already suppl

PNT has recently acquired additional lands around its battery equipment plant at Gumi to build a fourth factory, TheElec has learned.The company secured 115,702 meter-square of space at Gumi’s industrial zone to build the factory with around 30 billion won, sources said.Once the fourth factory goes

LG Energy Solution and Hyundai Motor have formed a joint venture in Indonesia to manufacture batteries there, TheElec has confirmed.The pair had agreed to form a battery cell joint venture last year in July.LG Energy Solution owns 50% shares and Hyundai Motor 25% shares of the venture, called HLI Gr

Avaco is supplying its logistics equipment to Ultium Cells, the battery-making joint venture between LG Energy Solution and General Motors, TheElec has learned.The South Korean equipment maker is providing the equipment to be used by the second factory of Ultium Cells, sources said.Installation is e

Hanwha’s machine business unit is developing roll-press and slitter kits that are used in the electrode process in battery production, TheElec has learned.The development started during the second half of 2021 and is expected to be completed within 2022, sources said.The company plans to offer the t

Battery equipment maker Nsys has won orders for its equipment from Ultium Cells, the battery-making joint venture between LG Energy Solution and General Motors, TheElec has learned.Last year, Nsys had announced that it has won orders were 4.3 billion won and 4.2 billion won in July and September, re

Battery cathode maker Cosmo AM&T is planning to start operations of its new precursor line within the year, TheElec has learned.The line, being set up at its headquarters in Chungju, North Chungcheong Province, will be using equipment acquired from STM, a subsidiary of battery maker Samsung SDI, in

Battery equipment maker Mplus has won an exclusive order to supply battery packaging equipment worth approximately 200 billion won from SK On, the battery-making subsidiary of South Korean energy firm SK Innovation, TheElec has learned.SK On has ordered a total of 24 units for use at its battery fac

Battery material maker EcoPro BM is aiming to produce a cathode comprised of nickel, cobalt, manganese and additive (NCMX) within the year, TheElec has learned.EcoPro BM will be producing between 500 to 1,000 metric tonnes of the cathode within the year or early next year at the latest, sources said

SK On, the battery-making subsidiary of South Korean energy firm SK Innovation, is planning to accelerate the start of production of its planned new battery factory in the US with Ford by three months, TheElec has learned.Blue Oval SK, the South Korean battery maker’s joint venture with the US car g