Financial institutions from Korea and Germany will provide a guarantee and insuranceLoans will be received from overseas commercial banks starting next monthTerms of repayment in equal installments SK On secured KRW 2.62 trillion in funds to establish a large-scale battery plant in Europe. SK On announced on the 28th that it had secured $2 billion… Continue reading SK On secures KRW 2.6 trillion in European battery investment
Author: ET News Online News
Nexgen Power develops second generation Super Junction MOSFETs… Supplying to Chinese battery manufacturers
Nexgen Power has developed a new Super Junction MOSFET. This second generation product is reduced in chip size and has enhanced power performance compared to previous MOSFETs. Next month, Nexgen Power will produce the second generation Super Junction MOSFET, and supply the product to the world’s largest battery manufacturers in the fourth quarter. It plans… Continue reading Nexgen Power develops second generation Super Junction MOSFETs… Supplying to Chinese battery manufacturers
SK On, to order 1.3 trillion KRW worth of battery equipment from the U.S.
SK On plans to order up to 1.3 trillion KRW worth of U.S. electric vehicle battery plant equipment next month. With the annual production volume being 80GWh of batteries, this is the largest single order ever to be made. Orders are to be expected from domestic process equipment makers and Chinese companies that have been… Continue reading SK On, to order 1.3 trillion KRW worth of battery equipment from the U.S.
CATL started the mass production of batteries with larger capacity than LFP and cheaper than ternary battery
China’s CATL announced that they will release ‘M3P battery’ with new positive active material technology next year. <Wu Kai, the chief researcher of CATL, is explaining M3P battery.> CATL is adopting newly developed material to their M3P battery, which will have higher energy density than their regular LFP battery, and cheaper than ternary(NCM·NCA and other)… Continue reading CATL started the mass production of batteries with larger capacity than LFP and cheaper than ternary battery
Hyundai, adds suppliers for electric vehicle battery packs… Accelerates the shift to electricity.
Following last year’s four,, three primary suppliers including Valeo Kapec Co.,Ltd.To increase production costs by 30% and induce bidding competitionAcceleration of ‘Eco-friendly Vehicle Parts Eco Hyundai Motor Group recently selected Valeo Kapec, Sungwoo HiTec, and Webasto Korea, its primary partners, as manufacturers and producers of Battery System Assembly (BSA), a battery pack. In line with… Continue reading Hyundai, adds suppliers for electric vehicle battery packs… Accelerates the shift to electricity.
LG Innotek to take over the future vehicle market with the world’s best ‘magnetic material’
Developed ‘Ultra-Low Loss Ferrite X-3’Used for vehicle DC-DC converters, etc.All climate from -40 to 150 degrees below zeroMinimized thermal damage… Increased energy efficiencyCompared to compe LG Innotek has developed a magnetic material that greatly improves energy efficiency and integrates world-class technology. Magnetic materials are a key material used in vehicle DC-DC converters and vehicle battery… Continue reading LG Innotek to take over the future vehicle market with the world’s best ‘magnetic material’
Samsung SDI will invest KRW 1.7 trillion to expand ‘Malaysia Cylindrical Battery Plant’
Mass production in 2024… Production increases up to 20 GWhTargeting the market for EVs and power tools“Yearning to be the center of the global battery industry” Samsung SDI will invest KRW 1.7 trillion to expand the production line for cylindrical batteries (standard 21700) in Malaysia. It is a strategy to target the battery markets for… Continue reading Samsung SDI will invest KRW 1.7 trillion to expand ‘Malaysia Cylindrical Battery Plant’
KNC’s ‘Battery Formation Equipment’ has captured a lot of durability and processing time
Pulse-type new technology developed for the first time in South KoreaCurrent flowing through battery cell enabled repeat charging and dischargingHigh current experienced immediately after battery ex KNC (CEO Hyung-cheol Kim), a company specializing in semiconductor and display automation equipment, has developed pulse-type battery formation equipment for the first time in South Korea. Using this equipment… Continue reading KNC’s ‘Battery Formation Equipment’ has captured a lot of durability and processing time
Panasonic and CATL will build battery plants in North America to supply Tesla
China’s CATL and Japan’s Panasonic will construct large-scale production lines in North America to supply cylindrical batteries to Tesla. LG Energy Solution also promoted the establishment of a production line in the United States for the same purpose; however, due to deteriorating situation from inflation, this plan was temporarily put on hold as the business… Continue reading Panasonic and CATL will build battery plants in North America to supply Tesla
War over batteries in Europe between ‘Three Kingdoms,’ South Korea, China and Europe’
Chinese and European battery companies are entering the European battery market, which has been led by South Korean companies. South Korean companies are only companies that currently have giga (GWh)-class battery plants in Europe; however, Chinese and European companies will also secure GWh-class plants within 1-2 years. Among the new European battery manufacturers, Northvolt (Sweden),… Continue reading War over batteries in Europe between ‘Three Kingdoms,’ South Korea, China and Europe’