Automotive
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Iljin Materials attracts $19 million to build electric foil plant in Spain
SEOUL -- Iljin Materials, the producer of core materials for lithium batteries in South Korea, has attracted 25 billion won ($19 million) from Spain's state fund that would be used for establishing an electric foil plant with an annual production capacity of 30,000 tons by 2024 in Catalonia. Iljin said it would secure a site for the potential expansion of its production in Spain to meet customer demand. "This investment will be very helpful in building a competitive product
14 November 2022
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SK nexilis claims to be 'industry-first' in developing copper foil for 4680 cylindrical batteries
SEOUL -- SK nexilis claimed to be "industry-first" in developing a copper foil product with a high elongation rate that would be used for cylindrical batteries with a diameter of 46mm and a height of 80 mm. Mass production is to begin in 2023. Battery foils made of aluminum and copper are used as anodes and cathodes for secondary batteries. Foils work as the bridge between external components and internal lithium-ion transports. High-capacity cylindrical batteries require
14 November 2022
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Young Poong opens waste battery recycling pilot plant with first dry melting method
SEOUL -- Young Poong, a non-ferrous metal smelting and refining company in South Korea, opened a waste battery recycling pilot plant that adopted an industrial-sized dry melting method for the first time in the world to recover more than 90 percent of valuable metals such as lithium, nickel, cobalt and copper. It is capable of handling about 2,000 tons of waste batteries per year. In recovering metals from recycled or residual materials, pyrolysis is a process of temperature decompo
8 November 2022
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Hyundai Glovis jumps into renewable energy business using pent electric vehicle batteries
SEOUL -- Hyundai Glovis, the logistics wing of South Korea's Hyundai auto group, jumped into a renewable energy business using pent electric vehicle batteries for residents in remote islands, which have relied on internal combustion engines to generate electricity. Hyundai Glovis said it has signed a business agreement LS Electric, a. manufacturer of electrical power equipment, and Korea Hydro & Nuclear Power (KHNP), the state-run operator of nuclear power plants, for
7 November 2022
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SK on signs five-year contract to receive key lithium battery material from Chile's SQM
SEOUL -- SK on, a battery maker affiliated with South Korea's SK Group, has signed a five-year contract to receive about 57,000 tons of lithium hydroxide, a key material for electric vehicle batteries, from SQM, a Chilean supplier of plant nutrients, iodine, lithium and industrial chemicals, as part of efforts to reduce its reliance on Chinese raw materials regulated by a U.S. inflation reduction act. Shipment is to begin in 2023. SK on said that the two sides would discuss futu
7 November 2022
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Doosan Enerbility jumps into battery recycling market with eco-friendly method
SEOUL -- Doosan Enerbility, a power plant equipment manufacturer in South Korea, jumped into the waste battery recycling market through cooperation with L & F, a domestic cathode active material producer, to extract lithium from waste powder generated during the production of cathode materials. With L & F's waste power, Doosan Enerbility will extracts lithium with its patented technology that selectively separates lithium using distilled water and extracts lithium carbon
1 November 2022
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Hyundai Motor's hexagonal-shaped future city concept inspired by honeycomb pattern
SEOUL -- A smart city reference model designed by South Korea's Hyundai auto group minimizes environmental damage by limiting development areas and preventing indiscriminate expansion. Inspired by a honeycomb pattern, the concept is a hexagonal-shaped urban development with a human-centered surface layer and a functional underground layer. The auto group unveiled a virtual public exhibition of the concept that envisions a sustainable green city where large natural areas are p
31 October 2022
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POSCO opens solid electrolyte factory with initial production of 24 tons per year
SEOUL -- South Korea's leading steel group POSCO opened a solid electrolyte factory capable of producing 24 tons per year. The group will expand production gradually as part of its strategy to become a global player in the battery material market. The solid electrolyte factory in Yangsan, some 290 kilometers (180 miles) southeast of Seoul, will be jointly run by POSCO Holdings and Jeong Kwang, a domestic solid electrolyte material manufacturer, which set up a joint venture name
28 October 2022
