Market for materials that are used for rechargeable batteries has emerged as a battlefield for major South Korean corporations. As the rechargeable battery market has been growing at a rapid rate due to popularization of electric vehicles, many major South Korean companies have been trying to promote their battery materials businesses as a growth engine… Continue reading Major South Korean Corporations Working on Strengthening Their Electric Vehicle Battery Materials Business
Author: ET News Online News
Iljin Materials to Commercialize Solid Electrolyte for All-Solid-State Batteries by 2025 at the Earliest
Iljin Materials has been reportedly working on commercialization of ‘solid electrolyte’, which is seen as an important material for next-generation all-solid-state batteries and it plans to commercialize it in 2025 at the earliest after building production lines in 2023. The company’s strategy is to gain a lead in the electric vehicle battery materials market by… Continue reading Iljin Materials to Commercialize Solid Electrolyte for All-Solid-State Batteries by 2025 at the Earliest
Enertech to Construct a Cylindrical Battery Manufacturing Plant in Russia
Enertech International plans to construct a cylindrical battery manufacturing plant in Russia. After operating the plant commercially in 2025, it plans to construct a 10GWh battery manufacturing plant by 2030. This is the first time that a South Korean company is constructing a battery manufacturing plant in Russia. This move by Enertech is part of… Continue reading Enertech to Construct a Cylindrical Battery Manufacturing Plant in Russia
Samsung SDI and Hyundai Motor Group to Work on Development of Next-Generation Cylindrical Batteries
Samsung SDI is set to develop next-generation cylindrical batteries that will be used for Hyundai Motor Group’s new HEVs (hybrid electric vehicle) and made an agreement with the group. The agreement is a result of meetings between Chairman Chung Eui-sun of Hyundai Motor Group and Vice Chairman Lee Jae-yong of Samsung Electronics and it will… Continue reading Samsung SDI and Hyundai Motor Group to Work on Development of Next-Generation Cylindrical Batteries
POSCO Chemical Looking to Become a Global Leader in Electric Vehicle Battery Materials
POSCO Chemical, which is celebrating the 50th anniversary of the founding, announced that it is looking to be part of a top tier in the global rechargeable battery materials market. By localizing of electric vehicle (EV) battery material and being a top tier battery materials manufacturer, it will look to create new solutions.POSCO Chemical announced… Continue reading POSCO Chemical Looking to Become a Global Leader in Electric Vehicle Battery Materials
Merged Entity between Hyundai AutoEver, Hyundai MnSOFT, and Hyundai Autron Set to Be Established on April 1
The merged entity between Hyundai AutoEver, Hyundai MnSOFT, and Hyundai Autron is set to be launched on Thursday. The entity will look to become a global mobility software (SW) company by strengthening Hyundai Motor Group’s competitive edge SW.According to Hyundai AutoEver on Wednesday, the entity’s business will be made up of automotive SW, applied SW,… Continue reading Merged Entity between Hyundai AutoEver, Hyundai MnSOFT, and Hyundai Autron Set to Be Established on April 1
Samsung SDI to Double the Number of Its Prismatic Battery Production Lines in Hungary
Samsung SDI plans to double the number of its prismatic battery production lines at its Hungary plant by the end of this year and also begin construction of a second electric vehicle (EV) battery plant in Hungary. Its ultimate strategy is to gain dominance in the European prismatic EV battery market by investing about $890… Continue reading Samsung SDI to Double the Number of Its Prismatic Battery Production Lines in Hungary
LS Cable & System Supplies High-Voltage Magnet Wires for Hyundai’s Ioniq 5 and Kia’s EV6
LS Cable & System (CEO Myung Noh-hyeon) announced on Monday that the company has become the sole supplier of magnet wire that will be used for traction motors of Hyundai Motor Company’s electric vehicle (EV) “Ioniq 5” and Kia Motors’ EV “EV6”.Magnet wire is a copper wire that has insulating materials coated on it. It… Continue reading LS Cable & System Supplies High-Voltage Magnet Wires for Hyundai’s Ioniq 5 and Kia’s EV6
Northvolt Visits South Korean Companies to Discuss about Supply of South Korean Battery Materials, Parts, and Equipment
It has been confirmed that Northvolt, a key electric vehicle (EV) battery partner of the Volkswagen Group, recently contacted South Korean battery materials, parts, and equipment manufacturers with the utmost secrecy. The company’s battery development team inspected performance of high-nickel cathode materials and equipment for its prismatic batteries which will be used for Volkswagen’s EVs.… Continue reading Northvolt Visits South Korean Companies to Discuss about Supply of South Korean Battery Materials, Parts, and Equipment
Swedish Battery Manufacturer Northvolt Expanding Partnerships with South Korean Battery Materials, Parts, and Equipment Manufacturers
As Northvolt, a Swedish battery manufacturer, has become a key partner of Volkswagen’s electric vehicle (EV) business and is emerging as a key business to assist the European Union become self-reliant on batteries, South Korea’s battery materials, parts, and equipment industry that is currently working with Northvolt is drawing interest.Although Northvolt is a fairly new… Continue reading Swedish Battery Manufacturer Northvolt Expanding Partnerships with South Korean Battery Materials, Parts, and Equipment Manufacturers