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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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E.ON and Samsung sign lithium-ion ESS MOU

Mon, 12/21/2015 - 11:05 -- Paul Crompton
E.ON and Samsung sign lithium-ion ESS MOU

One of Europe’s biggest utilities and a South Korean battery giant are set to join forces to take advantage of the growing lithium-ion energy storage system market.

Germany's top utility E.ON and battery firm Samsung SDI have signed a memorandum of understanding to pool together resources and knowledge to enter the market.

The ESS market is predicted to explode in 2016 as Tesla’s Powerwall and a number of rival residential and commercial systems come on stream.

E.ON said in a statement that both groups would develop "profitable energy storage solutions and... assess and develop a potential business model for targeting applications for lithium-ion batteries in selected regions and markets.”

As part of the agreement it is understood that E.ON and Samsung SDI will run battery projects in the United States, Germany, Britain and the Czech Republic, with the aim of expanding these to other countries.

No financial details were disclosed.

 

Korean firms fight for slice of Chinese EV market

Tue, 11/10/2015 - 15:15 -- Paul Crompton
Korean firms fight for slice of Chinese EV market

Just as Korean battery maker Samsung SDI claimed to be the first ‘top’ battery manufacturer to open an EV battery plant in China, competitor LG Chem says it has finished building a plant of its own.

Samsung says it has kicked off operations at its plant in Xi’an, central China, where it aims to produce 40,000 batteries a year. Further east, in Nanjing, LG Chem’s factory will churn out 50,000, the manufacturer claims.

Where LG Chem says it already has 16 local customers, including China’s top three automakers—Shanghai Automotive Group, Dongfeng Motor Group and the FAW Group—Samsung has only confirmed bus manufacturer Yutong and vehicle maker Foton.

In August, undisputed EV battery market leader Panasonic shut down a lithium-ion battery factory in Beijing, saying it wanted to concentrate on EV batteries—but the Japanese company has not reported any plans to do this in China.

The latest forecast by market research firm B3 showed that sales of electric vehicles in China grew more than five times to about 80,000 units in 2014, with the number projected to surge to 240,000 units next year.

The firm says the global market for EVs is forecast to reach 7.7 million vehicles by 2020, compared with 2.1 million in 2014.

H2 paves its way for flow battery mass production

Thu, 01/15/2015 - 14:12 -- Laura Varriale
H2 ESS

South Korean energy storage company H2 is to set up a new battery production plant to scale up the production of its secondary vanadium redox flow battery.

The 4628m2 facility will be built in Yuseong, South Korea, with a targeted annual production capacity of 30MWh.

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LG Chem, Siemens plan closer cooperation on battery storage system

Mon, 11/24/2014 - 12:06 -- gerry@bestmag.co.uk
LG Chem and Siemens plan cooperation

South Korea's LG Chem and Siemens have agreed to collaborate more closely on development and marketing of industrial battery energy storage systems (ESS).

The two companies signed a preliminary deal at Siemens' German headquarters in Erlangen, Bayern to cooperate on several major ESS projects over the next few years.

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Samsung and Sungrow partner for energy storage JV

Thu, 11/06/2014 - 16:23 -- Laura Varriale
Samsung SDI and Sungrow officials

Samsung SDI is to form a joint venture (JV) for energy storage systems with inverter manufacturer Sungrow in China.

The JV will develop lithium-ion battery energy storage, as well as marketing and sales of its storage solutions and products. The South Korean and Chinese companies plan to establish new firm in the first half of 2015.

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Posco to open up lithium plant in Argentina

Wed, 08/13/2014 - 11:04 -- Laura Varriale
Posco plant in Chile

South Korean Posco is to build a lithium carbonate plant at the Cauchari salt lake in Argentina and to install its lithium extraction technology.

The lithium plant is set to start operations in December this year. The facility is aimed to have an annual production capacity of 200 tonnes.

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Lithium battery prices down 30% in Asia - report

Fri, 08/08/2014 - 12:25 -- Editor
lithium batteries

The price of lithium-ion batteries for electric vehicles and energy storage systems (ESS) have fallen by a third in the past year, according to a report by Korea’s Electronic Times.

It reports the price of mid-to-large lithium-ion secondary battery cells dropped from $500-600/kWh last year to $350/kWh. In South Korea, said to be less competitive than the global market, batteries are traded at $400-500/kWh.

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