e-Battery Track
Scope
Date
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Fund manager survey
Outlook for Korean battery shares evenly split amid weak performance
South Korea’s major battery makers, which have underperformed the broader stock market since the start of the year, remain opaque as fund mana...
Mar 29, 2021 (Gmt+09:00)
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Batteries
SKIET to build additional battery separator plants in Poland
SK Innovation Co.’s material business arm SK IE Technology Co. (SKIET) is set to construct two additional electric vehicle battery separator p...
Mar 28, 2021 (Gmt+09:00)
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Batteries
SK reiterates rejection of LG’s hefty demand for battery dispute settlement
SK Innovation Co. again refused to accept LG Energy Solution Ltd.’s demand that SK pay a hefty amount of compensation for its involvement in a...
Mar 26, 2021 (Gmt+09:00)
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Batteries
LG Chem CEO vows stern action against SK in battery legal dispute
The chief executive of LG Chem Ltd. said on Thursday that the company will sternly deal with SK Innovation Co. in the battery technology trade secre...
Mar 25, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte buys S.Korea’s top secondhand e-commerce platform
South Korea’s retail giant Lotte is expanding its presence in the e-commerce sector with the acquisition of Joonggonara, the country’s l...
Mar 23, 2021 (Gmt+09:00)
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Batteries
Hyundai to build ultra-fast EV charging infrastructure under E-pit brand
Hyundai Motor Group has unveiled a plan to build high-speed electric car charging infrastructure across the country as the South Korean auto giant s...
Mar 23, 2021 (Gmt+09:00)
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Batteries
Market jitters grow over Korean battery shares after VW’s decision
Market jitters over South Korea’s battery makers are growing after Volkswagen AG’s announcement on Monday that it will make batteries in...
Mar 18, 2021 (Gmt+09:00)
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Korean startups
S.Korean e-book operator eyes unicorn status via successful foray into US
E-book platform operator RIDI Corp. has successfully tapped into the US market, fueling anticipation over the possibility of it becoming South Korea...
Mar 17, 2021 (Gmt+09:00)
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Share swap
Shinsegae, Naver ink $221 mn share swap to rival Coupang in e-commerce
South Korea’s retail giant Shinsegae Group and top portal operator Naver Corp. have agreed to a 250 billion won ($221 million) share swap to s...
Mar 16, 2021 (Gmt+09:00)
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Batteries
Korean battery shares tumble as VW gears up for in-house production
Shares of South Koreas’ major battery makers tumbled on Tuesday after Volkswagen AG announced it will gradually switch the type of batteries u...
Mar 16, 2021 (Gmt+09:00)
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IPOs
Coupang CEO: S.Korean e-commerce market 'isn't small,' offers robust growth potential
South Korea's e-commerce giant Coupang Corp. had a successful trading debut in New York on Thursday as its shares soared by 41% in their first sessi...
Mar 12, 2021 (Gmt+09:00)
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Batteries
LG Energy to invest over $4.5 bn to expand US battery facilities
LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...
Mar 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Daewoo E&C up for sale; in talks with local PEF over $1.58 bn deal
Daewoo Engineering & Construction Co. is up for sale as its main creditor hopes to cash out of the South Korean builder on the back of its impro...
Mar 11, 2021 (Gmt+09:00)
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Batteries
LG Energy may build US, Europe plants to supply new batteries to Tesla
LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...
Mar 10, 2021 (Gmt+09:00)
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Business & Politics
Naver, E-Mart in share swap talks ahead of Coupang's US IPO
South Korea’s largest online platform Naver Corp. has tentatively agreed to swap its shares with E-Mart Inc., Shinsegae's supermarket chain, a...
Mar 10, 2021 (Gmt+09:00)
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Batteries
LG Energy, GM in talks to build 2nd EV battery plant in Tennessee
South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...
Mar 05, 2021 (Gmt+09:00)
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Batteries
US politicians urge review of ITC ruling over LG, SK battery dispute
The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices again...
Mar 04, 2021 (Gmt+09:00)
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Private equity
E-commerce platform TMON raises $276 mn in pre-IPO share sale
South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, has completed its pre-IPO share sale ...
Feb 19, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, LG Energy team up on EV battery leasing, recycling
The Hyundai Motor Group will lead a government initiative to reduce battery-related environmental problems by collaborating with other companies on ...
Feb 18, 2021 (Gmt+09:00)
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Batteries
Korea’s EV battery trio controls half of global market ex-China
South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...
Feb 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $900 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $895 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 02, 2021 (Gmt+09:00)
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Batteries
SK Innovation’s Q4 EV battery business revenue hits record high
South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...
Jan 29, 2021 (Gmt+09:00)
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Batteries
SK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn
SK Innovation Co. will build its third electric-vehicle battery plant in Hungary for $2.29 billion, aiming to grab a greater share of the fast-growi...
Jan 29, 2021 (Gmt+09:00)
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Batteries
SK Innovation buys 13% stake in China’s EV battery-swap station operator
SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...
Jan 21, 2021 (Gmt+09:00)
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Batteries
SK's US battery arm sells $1 bn green bonds at lower rates
The $1 billion green bond sale by SK Battery America Inc., a US unit of South Korea’s SK Innovation Co., was nine times oversubscribed at $9 b...
Jan 20, 2021 (Gmt+09:00)
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Batteries
POSCO acquires stake in Tanzania graphite mine to boost battery materials biz
South Korea’s largest steelmaker POSCO's commitment to innovation and growth has been well demonstrated this year, as it wraps up acquisition ...
Jan 18, 2021 (Gmt+09:00)
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EV Batteries
SK Innovation to raise $920 mn for US battery plant expansion
South Korea-based SK Innovation Co. is ramping up investment for its US-based electric vehicle battery business, with plans to raise up to 1 tri...
Jan 07, 2021 (Gmt+09:00)
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Mergers & Acquisitions
E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea
E-commerce giant eBay Inc. has officially kicked off the sale process of eBay Korea Co., valued up to 5 trillion won ($4.6 billion), with its sa...
Jan 05, 2021 (Gmt+09:00)
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Batteries
Korea’s EV battery trio among world’s top 5; seen gaining further ground
South Korea’s three major electric vehicle battery makers have grown significantly over the past year, securing spots on the world’s top...
Jan 04, 2021 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore