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BMZ eyes Japan tie-up for cell production

Mon, 03/05/2018 - 11:25 -- John Shepherd
BMZ eyes Japan tie-up for cell production

German lithium-ion battery developer and producer BMZ is considering partnering with a Japanese company to launch a battery cell production plant in Europe, BBB can reveal.

BMZ founder and managing director Sven Bauer (pictured) said the move is a “serious option” for the company “and makes sense”, as it seeks to widen its supply chain and production capabilities.

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Korea plea to China over battery subsidies

Mon, 02/12/2018 - 10:29 -- John Shepherd
Korea plea to China over battery subsidies

Seoul has confirmed it is in direct talks with China aimed at patching up a trade row that led Beijing to slap sanctions on the use of South Korean batteries.

As BBB reported last week, signs that the two countries were attempting to bury the batteries hatchet emerged as South Korean and Chinese firms formed two joint ventures to produce lithium-ion battery materials from bases in China.

 

 

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South Korea-China deal to ease battery tension?

Mon, 02/05/2018 - 10:52 -- Xuan Zhong
South Korea-China deal to ease battery tension?

Chinese and South Korean businesses have formed two new joint ventures to produce lithium-ion battery materials from bases in China.

The move follows months of claims and counter claims over China’s alleged “blocking” of South Korean batteries in a heated trade spat.

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Canada-Australia graphite deal to feed Korean battery firms

Mon, 01/22/2018 - 12:08 -- John Shepherd
Canada-Australia graphite deal to feed Korean battery firms

Canadian and Australian firms have signed a deal to supply 24,000 tonnes of flake graphite annually to South Korea’s expanding lithium battery industry.

Under the terms of the agreement, Canadian graphite developer DNI Metals will supply the material from its projects in Madagascar to Korean Graphite— a subsidiary of Australia’s Peninsula Mines— from the fourth quarter of this year.

 

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Canadian company buys out South Korea’s iQ Power

Thu, 12/07/2017 - 10:19 -- News Editor
Canadian company buys out South Korea’s iQ Power

South Korea’s battery manufacturer iQ Power Asia Inc. has been acquired by Vancouver-based lead-acid battery maker Discover Energy and will operates as a subsidiary under a new name.

The new business is called Discover MIXTECH Manufacturing Co Ltd and will be led by Steve Nam, the South Korean manufacturing site helps secure Discover’s global supply of automotive and commercial batteries.

 

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Akasol launches Li battery systems plant for buses

Thu, 11/23/2017 - 10:16 -- Xuan Zhong
Akasol launches Li battery systems plant for buses

German battery manufacturer Akasol has launched production of its high-performance lithium-ion systems for commercial vehicles at its new EUR10 million ($11.7m) plant in Langen, near Frankfurt.

Akasol started production on 16 November at the 600MWh capacity facility. The company said it has already secured contracts to supply its battery systems for 10,000 buses being built by two European bus manufacturers in the next few years.

 

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LG Chem ‘buys stake in nickel sulfate supplier’

Thu, 11/16/2017 - 10:56 -- Xuan Zhong
LG Chem ‘buys stake in nickel sulfate supplier’

LG Chem has reportedly invested KRW1 billion ($897,000) to acquire a 10% stake in South Korean nickel sulfate supplier company Kemco, with the aim of boosting its lithium-ion battery business for the electric vehicles market.

The South Korean tech firm will enter the batteries raw material business in the new year, the Maeil Business Newspaperquoted an unnamed LG Chem source as saying.

 
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South Korea plans Li-on push in face of China sanctions

Mon, 09/18/2017 - 11:46 -- News Editor
South Korea plans Li-on push in face of China sanctions

South Korea is backing plans by the country’s battery giants to inject a total of KRW2.3 trillion ($2.3 billion) into the sector over the next three years, to expand production and challenge China’s increasing dominance of the market.

The move, led by battery giants LG Chem, Samsung SDI and SK Innovation Companies is in response to Chinese sanctions the firms say effectively block the use of South Korean batteries in electric vehicles in China.

 

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SK ‘adds nickel to batteries’ for extended EV range

Wed, 09/06/2017 - 16:48 -- News Editor
SK ‘adds nickel to batteries’ for extended EV range

South Korean tech giant SK Innovation is reportedly launching commercial production of new batteries with higher nickel content to extend the distance electric vehicles can travel between charges.

According to Reuters, SK said it has developed a new range of NMC lithium-ion batteries composed of 80% nickel, 10% cobalt and 10% manganese— instead of current units with a nickel content of around 60%.

 

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Canada lead-acid firm expands in South Korea

Fri, 09/01/2017 - 09:37 -- News Editor
Canada lead-acid firm expands in South Korea

Vancouver-based lead-acid battery firm Discover is launching an SLI lead-acid manufacturing plant in South Korea, backed by Canadian export financing.

Discover, which was awarded $15 million from Export Development Canada (EDC), told BBB the financing supported the firm’s acquisition of an existing battery plant site in South Korea.

 

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