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SK On, EcoPro Materials and GEM to build battery precursor plant in South Korea

Green Car Congress

SK On will partner with Korea’s largest cathode material company EcoPro, and Chinese battery materials producer GEM to build a battery core material production facility in Saemangeum, South Korea. SK On has been actively building various cooperative relationships to strengthen the raw material supply chain.

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SES expands in South Korea to facilitate commercialization of Li-metal batteries

Green Car Congress

Boston-based SES AI Corporation, a developer of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles and other applications, has incorporated its subsidiary SES Korea and plans to build a pre-production facility in South Korea. It’s all about speed and winning the race.

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Volvo Construction Equipment investing $7.8M in battery pack production at excavator plant

Green Car Congress

Volvo Construction Equipment (Volvo CE) announced an investment into battery pack production at its excavator plant in Changwon, South Korea. The Changwon plant in South Korea specializes in the production of excavators and is the biggest excavator production site in Volvo CE. With the SEK 80-million (around $7.8-million)

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Hyundai, Kia agree to pump $16.5bn into EV production in South Korea

Teslarati

billion to produce electric vehicles at a new factory in South Korea. Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. million units by 2030. million units by 2030.

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A look at Tesla’s potential new Gigafactory locations: Mexico, Canada, Indonesia or South Korea

Teslarati

Another benefit to building in Mexico is that Tesla vehicles would still qualify for EV subsidies in the United States from the Inflation Reduction Act (IRA). In September, Canada’s Minister of Industry Francois-Philippe Champagne stated that Tesla did discuss the possibility of building a factory in Canada. Tesla South Korea.

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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. SKIET plans to supply separators produced at its Changzhou factory in China to Sunwoda.

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POSCO breaks ground on nickel and battery precursor production plants in South Korea – Charged EVs

Baua Electric

South Korean steel manufacturer POSCO Holdings and Chinese battery precursor producer CNGR have started construction of nickel and precursor production plants for secondary batteries in Pohang, South Korea. billion) to build the plants, and mass production is scheduled to begin in 2026. trillion ($1.09 million EVs.