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SK aims to take 30% of total battery market

Tue, 06/06/2017 - 10:02 -- Xuan Zhong
SK aims to take 30% of total battery market

South Korea’s SK Innovation aims to take nearly a third of the global battery market by 2025.

The company, which also owns an oil refinery and chemicals business, has ambitious plans to expand its battery production from 4.4% market share (1.1 GWh) last year to 10% by 2020 and 30% in eight years’ time – when the rapidly-growing electric car battery market is expected to be demanding a total of 300 GWh (up from 25 GWh in 2016).

 

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€300M ($327.5M) boost in NMC production

Mon, 05/15/2017 - 10:44 -- Xuan Zhong
€300M ($327.5M) boost in NMC production

Global materials technology and recycling group Umicore plans to invest €300 million ($327.5 million) between 2017 and 2019 to further increase its production of NMC (nickel-manganese-cobalt) cathode materials for lithium-ion rechargeable batteries.

The Brussels-based company says demand for its NMC materials from electric vehicle manufacturers is outpacing the market and the increased capacity will enable it to cater for a surge in orders. The investment in its plants in South Korea and China will also enable the company to meet growing demand for its proprietary high-energy LCO (lithium cobalt oxide) cathode materials used in high-end consumer electronics.

 

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Kokam unveils lithium NMC battery for mobile applications

Fri, 03/10/2017 - 09:23 -- Xuan Zhong

South Korean battery maker Kokam has unveiled a Lithium Nickel Manganese Cobalt (NMC) for electric vehicle applications on Monday.

The XPAND battery pack is the result of four years R&D and product development, and features advanced battery technologies including a ceramic separator and battery pack thermal containment technologies.

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South Korea aims to boost ESS use with latest round of incentives

Wed, 09/28/2016 - 15:26 -- Paul Crompton
South Korea aims to boost ESS use with latest round of incentives

Incentives to encouraging solar power plant operators to use more battery energy storage systems (ESS) are being made available by South Korea’s government.

The government’s decision to provide incentives form part of its efforts to boost the country’s renewable energy market, according to Yonhap news agency.

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MoU to build cathode material plant in South Korea

Thu, 09/01/2016 - 12:31 -- Paul Crompton
MoU to build cathode material plant in South Korea

Two firms are joining forces to build a lithium-ion cathode plant in South Korea to fuel the expected lithium battery demand for the electric vehicle market.

South Korean battery materials firm Ecopro has entered into a joint venture with the Chinese resources recycling company GEM to produce cathode materials in Pohang, South Korea.

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Lithium NMC batteries power record-breaking flight

Wed, 08/31/2016 - 11:50 -- Paul Crompton
Lithium NMC batteries power record-breaking flight

South Korean firm Kokam’s lithium nickel manganese cobalt batteries were at the heart of record-breaking journey around the world.

Battery powered Solar Impulse 2 was the first plane to circumnavigate the globe using just solar power when it completed its journey last month.

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Kokam partnership secures MWs of benefit for Korea

Fri, 08/19/2016 - 12:21 -- Paul Crompton
Kokam partnership secures MWs of benefit for Korea

Battery firm Kokam has secured a deal to supply a 13MW/h lithium-ion energy storage system (ESS) to aid frequency regulation to one of South Korea’s biggest utility companies.

The 36MW project will use the South Korean firm’s Ultra High Power nickel manganese cobalt (NMC) and NANO battery technology.

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Samsung Electronics set for $450m gamble on BYD

Mon, 07/25/2016 - 12:04 -- Paul Crompton
Samsung Electronics set for $450m gamble on BYD

China battery maker BYD is in talks to sell a 3billion yuan (around $449million) share of the company to a South Korean electronics firm. 

Samsung Electronics is set to confirm this week that it has successfully made play to enter the battery industry.

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SK Innovation finalises lithium-ion EV battery deal with Benz

Thu, 02/25/2016 - 14:49 -- Paul Crompton
SK Innovation finalises lithium-ion EV battery deal with Benz

South Korean refiner SK Innovation Co has finalised a deal to supply its lithium-ion electric vehicle (EV) batteries for use in Mercedes Benz's EV cars.

Most of the details were kept secret, but what we do know is the deal is due to begin in 2017, according to reports by South Korean Yonhap English News.

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New rules open doors for energy storage firms in South Korea

Wed, 02/03/2016 - 14:19 -- Paul Crompton
New rules open doors for energy storage firms in South Korea

A decision by South Korea to relax power distribution regulations in the country could open the gates for energy storage companies seeking new markets.

Local law insists the State-run Korea Electric Power Corporation (KEPCO) is the exclusive power distributor, but this will change in July when the government eases regulations to allow companies and individuals to buy and sell electricity.

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