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Chinese and Korean firms eye up $2B lithium battery plant for Chile

Thu, 12/15/2016 - 12:18 -- Paul Crompton
Chinese and Korean firms eye up $2B lithium battery plant for Chile

A consortium of Chinese and Korean battery makers and investment entrepreneurs are in talks to build a lithium-ion manufacturing plant in Chile, according to Chilean newspaper Pulso.

Early talks put the total investment at around $2billion with phases 1, 2 and 3 of production earmarked for January 2018 with an initial investment in 2017 of $510million.

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Deal rockets lithium-ion battery maker into new sales space

Mon, 07/25/2016 - 12:02 -- Paul Crompton
Deal rockets lithium-ion battery maker into new sales space

Korean battery giant LG Chem is to make a giant leap into a new application for its lithium-ion technology following a deal with NASA.

The company’s batteries will be used in spacesuits following successful internal short-circuit (ISC) stability tests by Nasa.

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China bus battery subsidy ban causes share slump for Korean suppliers

Wed, 02/03/2016 - 14:21 -- Paul Crompton
China bus battery subsidy ban causes share slump for Korean suppliers

Korean battery giants Samsung SDI and LG Chem saw shares slump by 10% and 7.1% respectively on news that Beijing will remove subsidies for nickel manganese cobalt (NMC) batteries for electric buses.

“There has not been enough safety verification or product development for new energy electric passenger vehicles,” said China’s Ministry of Equipment Industry Secretary Zhang Xiangmu, who added China had begun research into the chemistry late and could ‘not be sure’ about NMC batteries.

The decision has surprised some.

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SK Innovation expands Li-ion plant to meet EV targets

Tue, 08/04/2015 - 15:16 -- Paul Crompton
SK Innovation expands Li-ion plant to meet EV targets

Korean firm SK Innovation has expanded its manufacturing plant to ramp up its lithium-ion battery production.

The company, the energy holding unit of SK Group, has doubled its battery plant in Seosan, South Chungcheong Province, to produce batteries for electric vehicle OEMs.

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