LG Energy Solution and Samsung SDI earned more than 1 trillion KRW in operating profit in the third quarter of this year. It was mainly affected by the increase in demand for electric vehicle (EV) batteries as well as the rise in battery prices. LG Energy Solution achieved 7.6482 trillion KRW in sales and 521.9… Continue reading LG EnSol · Samsung SDl, 3rd Quarter Operation Profit for Batteries Exceeds 1 Trillion KRW
Author: ET News Online News
LG Energy Solution begins ‘Replacement of China’s’ natural graphite for batteries
LG Energy Solution has begun to replace natural graphite produced in China. LG Energy Solution will receive natural graphite produced in the US by an Australian company. This was a response to the newly enforced US Inflation Reduction Act (IRA), including the exclusion of key materials for secondary batteries in China, such as graphite. On… Continue reading LG Energy Solution begins ‘Replacement of China’s’ natural graphite for batteries
Wonik Group launches an integrated battery equipment corporation, ‘Wonik PNE, in November
Synergy of merger between NS and Wonik PNPTarget of ‘order balance of KRW 1 trillion by 2025’Considering the construction of production plants in the US and EuropeResponse to overseas demand… pr <Wonik PNE has a network of 300 domestic and foreign companies for cycler equipment. Wonik PNE engineers are testing the cycler equipment.> Wonik Group’s… Continue reading Wonik Group launches an integrated battery equipment corporation, ‘Wonik PNE, in November
MNtech began the acquisition process for KMS… Expansion of secondary battery anode materials
Mirae Nanotech (MNtech) has begunto acquire Korea Metal Silicon (KMS). Acquiring KMS allows MNtech to expand its business to the secondary battery cathode and anode material basic material business. MNtech is in the process of acquiring KMS. The outcome of process will be known as early as the end of the month or as late… Continue reading MNtech began the acquisition process for KMS… Expansion of secondary battery anode materials
LG Energy Solution and POSCO Holdings enhance cooperation in rechargeable battery business
<POSCO Holdings and LG Energy Solution exchanged an MOU for rechargeable battery business cooperation. Kyung-seop Lee, head of POSCO Holdings’ rechargeable battery material business, Jeong-woo Choi, chairman of POSCO Group, Young-soo Kwon, vice chairman of LG Energy Solution, and Dong-soo Kim, head of LG Energy Solution’s purchasing center (from left) are taking a commemorative photo.>… Continue reading LG Energy Solution and POSCO Holdings enhance cooperation in rechargeable battery business
mPlus invests KRW 22.4 billion in EV battery assembly plant expansion
Facility expansion for Guksa Industrial Complex in CheongjuProduction line scheduled to complete by 2024Equipment production capacity increased by more than triple mPLUS will invest KRW 22.4 billion to expand the EV battery assembly plant. This is a response to meet the demand for assembly process equipment from major battery customers. mPLUS announced that the company… Continue reading mPlus invests KRW 22.4 billion in EV battery assembly plant expansion
LG Energy Solution starting battery swapping business… Operating company in company
<Ochang establishment of LG Energy Solution> LG Energy Solution is operating in-house company in company (CIC) ‘KooRoo’ and ‘AVEL’ to expand their battery business. KooRoo and AVEL will start their Battery as a Service (BaaS) and Energy as a Service (EaaS) businesses, respectively. BaaS is a business that provides various services based on data generated… Continue reading LG Energy Solution starting battery swapping business… Operating company in company
Seoul Semiconductor Provides UV-C LED Technology to Genesis G90… First Case in Completed Vehicle
Seoul Semiconductor has provided UV-C sterilization technology ‘Violeds’ for the interior storage for Genesis of Hyundai Motors. This is the first case of the Violeds technology being applied in a global finished vehicles company. Leading with the UV-C technology which proved its sterilization capabilities with coronavirus, Seoul Semiconductor is beginning to target the air cleaning… Continue reading Seoul Semiconductor Provides UV-C LED Technology to Genesis G90… First Case in Completed Vehicle
Toray Advanced Materials Korea Inc. expands a European facility for ultra-fine sound-absorbing materials for vehicles
On the 15th, Toray Advanced Materials Korea announced that it would expand production facilities in the Czech Republic for ‘Airlite’, an ultra-fine sound-absorbing material that prevents noise from entering vehicles. It is part of taking over strategy for the European car market. <Toray Advanced Materials Korea’s Airlite, an ultra-fine sound-absorbing material that prevents noise from… Continue reading Toray Advanced Materials Korea Inc. expands a European facility for ultra-fine sound-absorbing materials for vehicles
Northvolt produces solid-state batteries
It has been confirmed that Northvolt has started developing the next-generation solid-state battery. It is understood as a model in which battery performance and safety have been strengthened by replacing the existing liquid electrolyte with a solid and using a lithium metal anode material. Northvolt is introducing its own solid-state technology to domestic material, parts,… Continue reading Northvolt produces solid-state batteries