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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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Volkswagen ‘to buy EUR20bn of batteries from Asia’

Wed, 05/09/2018 - 09:51 -- Xuan Zhong
Volkswagen ‘to buy EUR20bn of batteries from Asia’

Volkswagen has reportedly earmarked EUR20 billion ($25bn) to buy in lithium batteries for its electric vehicle business from China’s CATL, South Korea’s LG Chem and Samsung SDI.

China’s state Xinhua News Agency said the move was agreed by VW at its annual general meeting in Berlin— although BBB could not independently confirm the report.

 

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China battery recycler GEM signs Glencore cobalt supply deal

Mon, 03/19/2018 - 11:42 -- Xuan Zhong
China battery recycler GEM signs Glencore cobalt supply deal

Chinese battery recycler GEM has signed a three-year colbalt materials supply deal with Swiss mining company Glencore.

GEM said the move would secure materials needed to supply batteries to China’s growing electric vehicle market.

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Samsung SDI invests in Chile cathode project

Mon, 03/19/2018 - 11:29 -- John Shepherd

South Korean battery maker Samsung SDI is part of an international consortium cleared to invest in developing battery materials facilities in Chile.

Samsung is among companies from South Korea and China expected to invest a total $754 million in the project, the Chilean Economic Development Agency (Corfo) confirmed.

 

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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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Younicos swaps lead for lithium storage in Hawaii

Mon, 02/05/2018 - 12:13 -- Xuan Zhong
Younicos swaps lead for lithium storage in Hawaii

Younicos is to replace a lead-acid battery storage system at one of the largest wind farms in Hawaii with Samsung SDI lithium-ion technology.

Younicos, a subsidiary of Scotland-based Aggreko, said it has signed a deal with US renewable power operator, TerraForm Power, to install a 10MW lithium battery system that marries with its Y.Q Younicos control software, to upgrade energy storage at the Kaheawa wind farm, on the island of Maui.

 

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Samsung showcases new EV battery tech in Detroit

Mon, 01/22/2018 - 12:13 -- Xuan Zhong
Samsung showcases new EV battery tech in Detroit

New battery technology designed to increase the range of electric vehicles has been showcased by Samsung SDI in the US.

The South Korean lithium-ion battery company lined up various capacities (37, 50, 60 and 94 Ah) of battery cells for EVs and plug-in hybrid EVs at the Detroit North American International Auto Show.

 

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Chinese partners sell Samsung battery business shares

Tue, 10/24/2017 - 10:32 -- Xuan Zhong
Chinese partners sell Samsung battery business shares

Two Chinese shareholders have put a total of 30% of shares in Samsung SDI's joint venture battery company on the market, according to China’s Tianjin Property Rights Exchange (TPRE).

Samsung SDI (Tianjin) Battery Co., Ltd. (SDITB), set up in China in 2015 October, is a manufacturer of rechargeable lithium-ion batteries.

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Tesla opts for Samsung over Panasonic for Australia project

Thu, 10/12/2017 - 09:29 -- Xuan Zhong
Tesla opts for Samsung over Panasonic for Australia project

The Powerpacks Tesla is providing for its South Australia battery project will use lithium-ion battery cells from Samsung SDI— instead of those from its long-term partner Panasonic, BBB has confirmed.

South Australia’s state government announced in July it had chosen the US tech giant to deliver “the world’s largest” battery system in the region.

 

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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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