Tag: ev battery

ev battery

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Shift from EVs to energy storage pays off as Korea’s top battery makers return to profit

Strong battery demand helped LG Energy Solution, Samsung SDI and SK On post quarterly operating profits, signaling relief from the prolonged EV slump.

2026.7.30

Joo Yong-lak, executive vice president and head of Samsung SDI's research and development center, gives a speech at the InterBattery 2026 exhibition held at Coex in southern Seoul, on March 11. [YONHAP]

Samsung SDI vows to protect its prismatic battery tech at InterBattery expo

Samsung SDI warned that it will “not tolerate patent infringement or technological misappropriation” involving its prismatic battery technology, a design renowned for its structural safety that demands exceptionally advanced technical prowess.

2026.3.11

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LG Energy Solution's plant in Poland [LG ENERGY SOLUTION]

Is Ford’s pullback from LG Energy a warning shot for Korean battery makers?

The fallout from Ford Motor’s decision to terminate a $6.5 billion supply contract with LG Energy Solution has sent shock waves through Korea’s battery industry, stoking fears of broader contagion.

2025.12.18

SK On inks battery supply deal with EV pickup startup Slate

SK On will supply batteries to Slate — an electric pickup truck startup backed by wealthy investors including Amazon’s Jeff Bezos — starting next year.

2025.4.25

LG Energy Solution employees inspect battery production at the firm's Ultium Cells plant. [LG ENERGY SOLUTION]

Chinese battery export dip sparks hope for Korean firms in U.S. market

Chinese EV battery shipments to the United States dropped sharply in February amid escalating trade tensions, bolstering hopes for Korea’s battery makers expanding their footprint in North America.

2025.4.20

Ultium Cells' third plant in Michigan. Ultium Cells is a 50:50 joint battery venture between LG Energy Solution and General Motors. [LG ENERGY SOLUTION]

LG Energy to buy GM's stake in Michigan battery plant for $2 billion

LG Energy Solution will purchase General Motors' entire stake in their joint battery plant in Michigan for $2.08 billion in an apparent move to cover supply for Toyota Motor.

2025.4.1

Checking the charge: Gov't to inspect EV battery safety

A driver charges an EV at a charging station at Incheon International Airport on Feb. 17.

2025.2.17

Acting President and Minister of Economy and Finance Choi Sang-mok speaks during a ministerial meeting on current affairs at the government complex in central Seoul on Feb. 5. [MINISTRY OF ECONOMY AND FINANCE]

Korea pumps $23 billion into EV batteries and biotech in bid to spur growth

Korea will create a 34 trillion won ($23.4 billion) fund to bolster high-tech sectors like EV batteries and biotechnology.

2025.2.5

Samsung SDI booth at the InterBattery 2024 in Coex in southern Seoul. [NEWS1]

Slumping EV demand batters Korean battery makers in Q4 of 2024

Korean battery makers suffered a gloomy fourth quarter of 2024, impacted by slumping EV demand globally. Samsung SDI dove into the red in the fourth quarter, reporting an operating loss of 256.7 billion won from October to December.

2025.1.24

The BlueOval SK Battery Park Kentucky in Glendale, Kentucky is a joint venture between SK On and Ford to build two EV plants. [SK ON]

SK On secures $9.6 billion U.S. government loan for Kentucky, Tennessee battery plants

Korean battery maker SK On secured a $9.6 billion loan from the U.S. government for its three battery manufacturing facilities in Kentucky and Tennessee, a jointly investment with Ford Motor.

2024.12.17