SEOUL, Oct. 3 (Korea Bizwire) – Finance Minister Choo Kyung-ho said Tuesday the government will come up with a set of measures to boost the competitiveness of South Korea’s rechargeable battery industry and small and medium-sized enterprises (SMEs) later this year. Along with the plan, the government will expand its investment into the research and [...]
SEOUL, Sept. 27 (Korea Bizwire) – Samsung SDI Co. will spend US$1.97 billion on its second battery manufacturing facility it is building in the United States jointly with Stellantis N.V., the South Korean battery maker said in a filing Wednesday. The disclosure came about two months after their U.S. venture, StarPlus Energy, announced a plan [...]
SEOUL, Sept. 26 (Korea Bizwire) — SK Ecoplant Co., a South Korean builder, said Tuesday it joined hands with a U.S. waste recycling company to form a joint venture and build a battery recycling pretreatment plant in the U.S. state of Kentucky. The factory will be established in Hopkinsville, in partnership with Ascend Elements and [...]
SEOUL, Sept. 24 (Korea Bizwire) – South Korean companies have asked the United States to clarify from which foreign companies they are not required to import critical electric vehicle (EV) battery minerals under the U.S. Inflation Reduction Act (IRA), industry sources said Sunday. Senior executives of South Korean battery and material companies made the request [...]
SEOUL, Sept. 21 (Korea Bizwire) — The European Chamber of Commerce in Korea (ECCK) on Thursday called for South Korea to consider allowing greater flexibility in adopting regulations for electric vehicle (EV) batteries, plastic recycling and other major industries, to help further promote the trade between Seoul and the economic bloc. The ECCK made the [...]
NEW DELHI, Sept. 9 (Korea Bizwire) — South Korean President Yoon Suk Yeol and Argentine President Alberto Fernandez agreed Saturday to explore the possibility of the two countries’ joint lithium battery production in the South American nation, Yoon’s office said. The two leaders discussed the issue during a meeting on the sidelines of the Group [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s exports of cathode materials have experienced significant growth, primarily driven by the rapid expansion of the secondary battery industry, especially in the electric vehicle sector. However, a substantial portion of the earnings from South Korea’s cathode material exports are flowing back to China, which supplies crucial ingredient [...]
SEOUL, Sept. 5 (Korea Bizwire) — SK On Co. is seeking to build close partnerships with various automakers for the electric vehicle (EV) battery sector, including the ones in Europe where the market competition is increasingly getting fierce, its co-chief has said. Chey Jae-won, executive vice chairman of SK Group and a co-head of the [...]
SEOUL, Sept. 4 (Korea Bizwire) — POSCO International Corp. said Monday it has signed two initial agreements with a Canadian and an Australian mining company for the sourcing of a key secondary battery material from Africa. Under the memorandum of understanding (MOU) with Canada’s NextSource Materials Inc., POSCO International will co-invest in Molo graphite mining [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean battery maker SK On Co. has achieved a significant milestone by collaboratively developing an advanced oxide-based solid-state electrolyte (SSE) boasting the world’s highest level of lithium-ion conductivity. Lithium-ion conductivity directly impacts the speed of lithium-ion movement within the electrolyte, correlating to battery output and rapid charging capability. [...]