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LG Chem hails “massive” deal with China’s Ganfeng for batteries

Tue, 08/28/2018 - 12:27 -- John Shepherd
LG Chem logo

South Korean battery firm LG Chem has agreed a deal to acquire a “massive volume” of a key material from China's largest lithium compounds producer, to spur production of batteries for electric vehicles.

LG Chem said it had signed a contract with Ganfeng Lithium for the supply of a total 48,000 tons of lithium hydroxide, “enough to manufacture about one million batteries”.

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SK Innovation ‘building first China battery plant’

Tue, 08/28/2018 - 12:10 -- John Shepherd

SK Innovation has reportedly started building its first battery cells giga plant in China – with the goal of establishing a production “triangle” encompassing China, Korea and Europe.

The South Korea-based company, whose businesses include oil refining and chemicals, told local media it had started preparing the site for the new factory in Changzhou, Jiangsu Province.

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Chinese firm invests in South Korea battery recycling partnership

Wed, 07/11/2018 - 14:02 -- Xuan Zhong
Chinese firm invests in South Korea battery recycling partnership

A Chinese company is building a lithium-ion battery recycling joint venture in South Korea— in response to China’s ban on solid waste imports, BEST Battery Briefing can reveal.

China’s Anhua Taisen Recycling Technology said its decision to launch the project, in partnership with South Korean e-waste recycler NH Recytech, was driven by China’s decision last year to halt imports of more than 20 types of solid waste.

 

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Hyundai EV batteries to get second life in Wärtsilä ESS deal

Tue, 07/03/2018 - 13:49 -- Xuan Zhong
Hyundai EV batteries to get second life in Wärtsilä ESS deal

South Korean car giant Hyundai is making inroads into the global power storage market under a second-life electric vehicle (EV) batteries deal with Finnish energy tech firm Wärtsilä.

The companies said their “technology and commercial partnership” would target “advanced energy storage products and platforms that maximise Hyundai’s second-life EV batteries”— selling into Wärtsilä’s existing network of customers across 180 countries.

 

Photo caption: (from left) Javier Cavada, President of Energy Solutions at Wärtsilä, Dr. Youngcho Chi, Executive Vice President of Strategy & Technology Division and Chief Innovation Officer at Hyundai Motor Group, John Jung, President & CEO at Greensmith Energy

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Australia trial for V-KOR vanadium battery

Fri, 06/15/2018 - 09:25 -- Xuan Zhong
Australia trial for V-KOR vanadium battery

A 25kW (100kWh) V-KOR vanadium battery has been installed in Western Australia as part of a trial micro grid energy storage project backed by a South Korean-Australian partnership.

Perth-based Protean Energy said the battery installation, at the site of an industrial manufacturer in Perth, will be isolated from the main electrical grid and used in combination with a 21-kilowatt solar photovoltaic system and a 21kW diesel generator.

 

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Steel firm Posco ramps up battery business with ‘new Korea cathode plant’

Tue, 06/05/2018 - 09:50 -- John Shepherd
Steel firm Posco ramps up battery business with ‘new Korea cathode plant’

South Korean steelmaker Posco is reportedly to build a $100 million lithium-ion cathode plant in the country next year as it expands its presence in the global batteries and raw materials market.

 

Posco’s new facility in Gwangyang, 423 kilometres southwest of Seoul, will have an annual production capacity of 6,000 tons, the company told South Korea’s Yonhap news agency.

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Seoul presses Beijing on ‘fair deal’ for battery makers

Wed, 05/30/2018 - 09:17 -- John Shepherd
Seoul presses Beijing on ‘fair deal’ for battery makers

South Korea has called on China to ensure “a fair business environment” for battery manufacturers to compete for business across the two countries. 

South Korea’s trade minister Paik Un-gyu (pictured) made the plea during a meeting with his Chinese counterpart Miao Wei in Seoul, the Yonhap news agency reported.

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BMZ ‘secures cells supply’ with LG Chem deal

Mon, 05/14/2018 - 10:13 -- Xuan Zhong
BMZ ‘secures cells supply’ with LG Chem deal

German lithium-ion battery developer and producer BMZ has signed a long-term battery cells supply deal with South Korea’s LG Chem.

BMZ said the contract covered supplies of “over a few hundred million cells” by the end of 2022 for products in the electro mobility and energy storage markets. 

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South Korea graphite ‘could bring battery independence’ from China

Fri, 05/04/2018 - 09:50 -- Xuan Zhong
South Korea graphite ‘could bring battery independence’ from China

Graphite being produced from two deposits in South Korea could be used to ease the country’s dependence on battery materials from neighbouring China, according to a report by Australia-listed Peninsula Mines.

Peninsula has started a  “test work programme” for material produced at its Eunha Graphite Project and Gapyeong Graphite Project in South Korea.

 

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US-Korea LIB recycling joint venture launch

Mon, 04/16/2018 - 10:30 -- John Shepherd
US-Korea LIB recycling joint venture launch

A new US-Korean joint venture has announced plans to launch a major lithium-ion batteries recycling operation in the US.

Metallica Commodities Corp (MCC) and SungEel HiTech said the new company, SungEel MCC Americas (SMA), will “redefine” the lithium-ion battery, e-waste recycling, energy and metals markets in North America— “where consumption of cobalt and lithium has outpaced supply in recent years”.

 

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