Humax will acquire Jeju Electric Vehicle Service to expand its electric vehicle charging business. Jeju Electric Vehicle Service is a charging service company in Jeju with 2,000 slow chargers (7㎾h) operation. The company was established in 2013 with a joint investment of KRW 700 million by POSCO ICT and Daekyung Engineering. The total sales in… Continue reading Humax Acquires Jeju Electric Vehicle Service
Author: ET News Online News
Following behind Toyota, Panasonic will build a new battery plant in the US
Three major domestic battery companies account for more than 70% of the battery production plants for electric vehicles in the US. Japanese companies have started expanding their production plants as the only competitor in the US. Due to worsening relations between US and China, Chinese companies have not entered the US market; hence Korea and… Continue reading Following behind Toyota, Panasonic will build a new battery plant in the US
Hyundai Motor launches ‘Kona’ electric vehicle with a complete new look… equipped with ‘LG and CATL battery’
Hyundai Motor’s battery electric vehicle (BEV) ‘Kona Electric’ will be released next month with a completely different look from the previous time, which experienced a large-scale recall from a series of fire incidents. Both the body design and battery system have been changed and significantly improved. LG Energy Solution was kept as the battery supplier,… Continue reading Hyundai Motor launches ‘Kona’ electric vehicle with a complete new look… equipped with ‘LG and CATL battery’
Apple Car to run on Korean ‘FC-GBA’
TF with domestic substrate companies… Discussing supplyExchanged samples… Passed reliability testRush to select company due to supply shortage of substratesTechnology beats Taiwanese and Japane Apple cars, self-driving electric vehicles developed by Apple, will be equipped with Korean Flip-chip Ball Grid Array (FC-BGA) substrates. It is expected to have an impact on the market as it… Continue reading Apple Car to run on Korean ‘FC-GBA’
POSCO Chemical, investing additional 100 billion KRW for manufacturing of EV battery ‘Low-expansion anode material’
POSCO Chemical announced on the 27th that they are expanding their investment in low-expansion anode material, the core material for EV battery. POSCO Chemical held a board meeting on the 25th, and decided to increase annual low-expansion anode material manufacturing capacity from 7,000 tons to 35,000 tons. POSCO Chemical will invest 105.4 billion KRW to… Continue reading POSCO Chemical, investing additional 100 billion KRW for manufacturing of EV battery ‘Low-expansion anode material’
Solus Advanced Materials to diversify battery foil business and base …”Aiming at 2.3 trillion won in sales in 2026″
Solus Advanced Materials will diversify its materials business and production base, which used to be centered on electric vehicles. They plan on establishing an overseas production to produce battery foils for semiconductors and telecommunications, in order to achieve 2.3 trillion won in sales in 2026. Solus Advanced Materials announced on the 27th that they will generate… Continue reading Solus Advanced Materials to diversify battery foil business and base …”Aiming at 2.3 trillion won in sales in 2026″
Enerever Battery Solution took over Ecell Tech… The first establishment of comprehensive separating membrane company
Wet separating membrane company Enerever Battery Solution took over dry separating membrane company, Ecell Tech. It became the first comprehensive separating membrane company to secure wet and dry method. It is confirmed on the 23rd that Enerever Battery Solution acquired Ecell Tech’s assets such as dry separating membrane factory and facility through a corporate auction.… Continue reading Enerever Battery Solution took over Ecell Tech… The first establishment of comprehensive separating membrane company
Alpha Holdings acquired Hansong Neotech’s share… Entering secondary battery material, parts, and equipment market
Semiconductor design house, Alpha Holdings acquired Hansong Neotech’s share to jump into the secondary battery material, parts, and equipment market. Alpha Holdings announced on the 22nd that they acquired 22.74% of shares from Synerworks for 42.8 billion KRW. Including Alpha Material Reals, which are part of 3 subsidiaries, they secured the right of management with… Continue reading Alpha Holdings acquired Hansong Neotech’s share… Entering secondary battery material, parts, and equipment market
LG Ensol and Samsung SDI to increase density of small cylindrical batteries by 10%
Next standard model of 21700to be released within the yearImprove electric vehicle space utilizationExpected to improve competitiveness of domestic batteries LG Energy Solution and Samsung SDI willlaunch the next generation ofsmall cylindrical (standard 21700) batteries, with 10% increased energy density. Their strategy is to upgrade their current flagship 4.8~5.0Ah products to 5.3~5.6Ah by the end… Continue reading LG Ensol and Samsung SDI to increase density of small cylindrical batteries by 10%
Tesla receives supplies for batteries from Japan’s Panasonic (87%), LG Energy Solution(19%), CATL (21%)
It was found that Japan’s No. 1 battery manufacturer Panasonic’s dependence on Tesla exceed 87%. Panasonic has an opposite strategy compared to LG Energy Solution and CATL, which have been diversifying their customers. Tesla and Panasonic are under the spotlight whether they will succeed in a market rebound by pushing for mass production of next-generation cylindrical… Continue reading Tesla receives supplies for batteries from Japan’s Panasonic (87%), LG Energy Solution(19%), CATL (21%)