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Posco shake-up bid to boost materials sales

Mon, 01/14/2019 - 00:00 -- John Shepherd

South Korea’s Posco is set to merge two of its business units to boost its global share of the battery materials market.

Posco’s board is expected to approve the merger of its Chemtech and ESM lithium-ion cathode materials divisions next month— on condition that no more than 20% of shareholders object.

If approved, the merger would take place in April 2019. Chemtech would integrate all group R&D capabilities for cathode materials to “fully develop next-generation cutting-edge products, while also promoting sales expansion”.

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Battery giants back Korean R&D investment fund

Wed, 12/19/2018 - 00:00 -- John Shepherd
Yunmo Sung

Three South Korean battery giants have signed up to an agreement to support the launch of a government-backed “next-generation batteries investment fund”.

Samsung SDI, LG Chem and SK Innovation have signed a memorandum of understanding (MOU) to support the KRW1 billion (US$885,000) fund, the Ministry of Commerce, Industry and Energy (MOCIE) said.

The signing comes a year after South Korea’s government said it would support plans to expand domestic battery production and challenge China’s increasing dominance of the global market.

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SK Innovation battery project targets US automotive market

Mon, 12/03/2018 - 00:00 -- Hugh Finzel
Governor Nathan Deal

SK Innovation plans to invest 1.98 trillion South Korean won (US$1.01 billion) to establish an electric vehicle (EV) batteries production base in Jackson County, Georgia as they look to establish themselves in the US, “the largest battleground of global automakers”.

The plant will be built on a 278-acre site in Commerce City and is expected to have an annual production capacity of 9.8 gigawatt-hours.

The announcement confirms speculation of such a project reported earlier this year.

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Kokam deploys ‘high energy’ BESS systems in South Korea

Mon, 12/03/2018 - 00:00 -- John Shepherd

South Korean battery company Kokam has been selected to provide photovoltaic-connected battery energy storage systems for two projects in the country.

Kokam will deploy its high energy lithium nickel manganese cobalt oxide (HE NMC) battery technology for the projects, which total 40 megawatt-hours (MWh) of BESS capacity.

The storage systems are needed for renewable capacity firming and energy time shifting, Kokam said.

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Korea team claim lithium metal performance breakthrough

Mon, 11/19/2018 - 00:00 -- John Shepherd
Kist researcher Moon-Sek Kim (left) and Dr Won-Il Cho (right) are testing their lithium metal ion battery using a drone and some LEDs (Photo: Business Wire)

Researchers in South Korea say they have developed “essential technologies” to boost the safety and performance of lithium metal batteries.

The Korea Institute of Science and Technology (Kist) team claim their research “can be potentially applied to various industrial applications, especially for un-manned vehicles” such as self-driving cars.

Kist said the lithium metal battery it has developed “exhibits twice the energy density to that of a conventional lithium-ion battery”.

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LG Chem starts work on second China battery plant

Mon, 11/05/2018 - 00:00 -- John Shepherd
LG Chem ground breaking ceremony

South Korean lithium-ion battery firm LG Chem has broken ground for its second electric vehicle battery factory in China.

LG Chem said the facility, first mooted earlier this year, would be built in stages up to 2030 in the Nanjing economic development zone, in China’s eastern Jiangsu province, at a total cost of KRW 2.1 trillion (US$1.8 billion).

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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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