Chinese battery rivals
Scope
Date
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Retail
Quick delivery war deepens Korean big-box retailer-Baemin ties
As competition for same-day delivery heats up in South Korea, traditional big-box retailers are rushing to join hands with the country’s No. 1...
Dec 03, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia to build Hyundai Center of Excellence in India
Hyundai Motor Co. and Kia Corp. signed a memorandum of understanding (MOU) with the Indian Institutes of Technology (IIT) to build the Hyundai Cente...
Dec 03, 2024 (Gmt+09:00)
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Batteries
LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan
South Korea’s LG Energy Solution Ltd. plans to acquire General Motors Co.’s stake in their battery joint venture plant in Lansing, Michi...
Dec 03, 2024 (Gmt+09:00)
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Mergers & Acquisitions
CJ ENM, SK Square invest $179 mn in Wavve ahead of merger with TVing
South Korean entertainment powerhouse CJ ENM Co. and SK Group’s investment arm SK Square Co. have invested a combined 250 billion won ($179 mi...
Nov 27, 2024 (Gmt+09:00)
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Korean stock market
Korean pension funds buy a net $1.2 bn in Kospi stocks in November
South Korean pension funds continued their Kospi market buying spree for a fourth straight month in November, notching their largest net purchases o...
Nov 27, 2024 (Gmt+09:00)
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Batteries
Korea Zinc, Hanwha to co-work on Austrailian BESS project
Korea Zinc Inc., the world’s top lead and zinc smelter, said on Tuesday its Australian subsidiary Ark Energy selected Hanwha Corp. as the pref...
Nov 26, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean, HD Hyundai reconcile, look to joint overseas warship bids
South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. – have agreed to bury the hatchet and jo...
Nov 24, 2024 (Gmt+09:00)
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Batteries
LG Chem signs deal to secure 100,000 tons of lithium from ExxonMobil
South Korea’s top chemicals maker LG Chem Ltd. said on Thursday it has signed an initial agreement to secure a key battery material from US mu...
Nov 21, 2024 (Gmt+09:00)
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Aerospace & Defense
Alux's export contracts with US, Japan top $5 million
South Korean drone maker Alux Co. said on Monday its cumulative export contracts with the US and Japan have surpassed 7 billion won ($5 million). Th...
Nov 18, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply 2170-type cells to Bear Robotics
South Korea’s LG Energy Solution Ltd. said on Monday it has signed an initial agreement to supply cylindrical battery cells to Bear Robotics I...
Nov 18, 2024 (Gmt+09:00)
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Electric vehicles
Korean EV, battery makers to suffer from Trump’s plan to end incentives
WASHINGTON/SEOUL — US President-elect Donald Trump’s transition team is seeking to eliminate federal incentives for electric vehicles, d...
Nov 15, 2024 (Gmt+09:00)
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Batteries
LG Energy bags 8-GWh ESS deal from Terra-Gen in US
LG Energy Solution Ltd. will supply US renewable energy power producer Terra-Gen LLC with an energy storage system (ESS) with an 8 Gigawatt-hour (GW...
Nov 14, 2024 (Gmt+09:00)
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Logistics
Hyundai Glovis to build logistics complex in Korea’s top port city
Hyundai Glovis Co., the logistics unit of the world’s third-largest carmaker Hyundai Motor Group, plans to establish a logistics complex in Bu...
Nov 13, 2024 (Gmt+09:00)
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Electric vehicles
BYD to debut passenger EVs in South Korea in 2025
China’s electric vehicle giant BYD Co. will debut in the South Korean passenger car market next year with premium models in hopes of becoming ...
Nov 13, 2024 (Gmt+09:00)
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Batteries
SpaceX to use LG Energy batteries for Starship rocket
Spacecraft manufacturer SpaceX, led by Elon Musk, will use LG Energy Solution Ltd.'s batteries for its next-generation Starship rocket, marking its ...
Nov 11, 2024 (Gmt+09:00)
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Corporate restructuring
Korean steel giant POSCO to sell Chinese JV PZSS amid US-China trade war
South Korean steel giant POSCO Holdings Inc. is seeking to sell its entire stake in a Chinese stainless steel joint venture as it faces growing comp...
Nov 08, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply EV batteries to Rivian in $6.7 bn deal
LG Energy Solution Ltd., the world’s third-largest battery maker, is set to supply cells to Rivian Automotive Inc., a US electric vehicle manu...
Nov 08, 2024 (Gmt+09:00)
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Business & Politics
Korean chipmakers, battery makers face new risks with Trump’s comeback
With Donald Trump reelected as the next US president, South Korea’s major chipmakers, automakers and battery makers are on high alert as durin...
Nov 07, 2024 (Gmt+09:00)
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Batteries
L&F to supply ultra-high nickel cathodes to Korean, US EV makers
South Korea’s leading battery materials maker L&F Co. plans to begin mass production of nickel-cobalt-manganese (NCM) battery cathodes wit...
Nov 03, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix, Samsung to cut legacy DRAM output as Chinese firms catch up
South Korea’s two leading memory chipmakers – Samsung Electronics Co. and SK Hynix Inc. – are moving to significantly reduce their...
Nov 01, 2024 (Gmt+09:00)
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Energy
Hanwha Q Cells, OCI to benefit from expanded US CHIPS Act subsidies
South Korean solar cell companies such as Hanwha Q Cells Co. and OCI Holdings Co. are set to benefit from expanded subsidies covered by the US CHIPS...
Oct 31, 2024 (Gmt+09:00)
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Earnings
Samsung SDI's operating profit plunges in Q3 amid EV chasm
Samsung SDI Co., the world’s sixth-largest battery maker, continues to grapple with dwindling battery demand from the electric vehicle industr...
Oct 30, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem opens Europe Innovation Center in Germany
South Korea's LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, said on Sunday the opening of its Europe Innovation Center in F...
Oct 28, 2024 (Gmt+09:00)
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Logistics
Hyundai Glovis introduces EV drill lance on car carriers
South Korea's Hyundai Glovis Co. said on Thursday that it will introduce a special fire suppression tool, the EV (Electric Vehicle) - Drill Lance, f...
Oct 24, 2024 (Gmt+09:00)
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Batteries
LG Energy, Stellantis’ EV battery JV in Canada mass-produces modules
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, said on Wednesday its joint venture in Canada with m...
Oct 23, 2024 (Gmt+09:00)
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Electronics
Samsung Galaxy Z Fold Special Edition: slimmest, lightest of its kind
Samsung Electronics Co. said on Monday it is unveiling the Galaxy Z Fold Special Edition (SE) — the thinnest and lightest among the company&rs...
Oct 21, 2024 (Gmt+09:00)
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Real estate
Koramco to open office next to NPS for property investment partnership
Koramco Asset Management Co. will open a liaison office next to South Korea’s National Pension Service (NPS) to bolster cooperation with the w...
Oct 18, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply batteries for Ford's electric commercial vehicles
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, is set to supply battery cells and modules to US For...
Oct 15, 2024 (Gmt+09:00)
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Machinery
Doosan Bobcat RogueX2 wins Red Dot Design Award
South Korea's Doosan Bobcat said on Friday that its construction equipment RogueX2 won the prize in the Design Concept category at the Red Dot Desig...
Oct 11, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung Apologizes for Falling Behind in AI Chips Race
SEOUL—For a major maker of semiconductors such as Samsung Electronics Co. , the artificial-intelligence boom should be a time of great promise...
Oct 10, 2024 (Gmt+09:00)
Latest News
- 1 Korea’s top cinema chains seek merger to counter box office slump
- 2 S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
- 3 CJ CheilJedang to open $72 mn dumpling plant in Japan
- 4 LG Electronics breaks ground on $600 million home appliance plant in India
- 5 KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia