In South Korea, Kia Motors and SK Innovation have joined forces to build a circular economy for electric vehicle batteries. This involves the follow-up use of end-of-life electric car batteries as stationary energy storage units as well as the recycling of materials such as lithium, nickel and cobalt.
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Hyundai and Kia now cooperate with fellow South Korean cell manufacturer SK Innovation to develop and produce new batteries for hybrid vehicles. This involves optimized pouch cells that are to be used in new hybrid models from 2024.
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South Korean battery cell manufacturers SK Innovation and LG Energy Solution have reached a settlement in their year-long legal dispute. Both companies agreed to stop all legal proceedings in the US and South Korea and to refrain from suing each other for the next ten years.
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SK Innovation is considering exiting its battery business in the US if President Joe Biden does not reverse the US Trade Commission’s ruling in the South Korean battery cell maker’s lawsuit in favour of SKI rival LG Chem by 11 April.
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SK IE Technology has decided to build two new Polish plants for separators used in electric car batteries. The subsidiary of South Korean battery cell manufacturer SK Innovation is already building two plants in Poland, with construction of plants 3 and 4 scheduled to begin in the third quarter of 2021.
Weiterlesen It looks like Volkswagen will not rely on its South Korean suppliers LG Chem, and SK Innovation for the planned new standard battery cell format announced at the Power Day this Monday.
Weiterlesen The legal dispute between the two South Korean battery manufacturers LG Chem and SK Innovation in the USA has been decided – in favour of LG Chem or LG Energy Solution. The ruling also has consequences for Ford and Volkswagen.
Weiterlesen SK Innovation turned over 1.61 trillion won, the equivalent of around 1.2 billion euros, with its battery business in 2020. Compared to 2019, sales more than doubled, but the battery business still left a bottom-line loss of 426.5 billion won (318 million euros) in 2020 – due to investments.
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SK Innovation has decided to build a third battery cell factory in Europe. Like the first two European production facilities for battery cells, the Korean company will set up shop in Hungary, specifically in Iváncsa, 50 kilometres southwest of Budapest.
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The South Korean company SK Innovation is entering the battery replacement technology business in China. This has been made possible by a strategic investment in the company specialised in battery swapping called Blue Park Smart Energy (BPSE) that is a subsidiary of the BAIC Group.
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The South Korean battery cell manufacturer SK Innovation plans to issue a $1 billion green bond to finance the expansion of its production capacity in the US which amounts to around 810 million euros.
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SK IE Technology, a subsidiary of SK Innovation, has commissioned a new factory for lithium-ion battery separators in Changzhou, China. It is the first separator plant outside Korea for the Group.
Weiterlesen SK Innovation has announced new battery cells that will enable electric cars to cover a distance of 500 miles or 800 kilometres with two 10-minute quick charge stops. In addition, a cathode with a higher nickel content is expected to go into series production shortly.
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SK Innovation has announced that it will hire more than 1,000 skilled workers by the end of 2021 in preparation for its first of two battery cell factories in the US. Both plants will be in the state of Georgia and produce cells for more than 300,000 electric vehicles per year.
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South Korean electric vehicle battery manufacturers more than doubled their market share between January and July 2020. In general, the market contracted by 16.8 per cent from 64.1 to 53.3 GWh capacity during the first seven months of the year due to corona.
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Hyundai Motor Group and SK Innovation have agreed to work together to develop a sustainable ecosystem for electric vehicle batteries. The cooperation of the South Korean companies will include various business areas not directly related to cell manufacturing.
Weiterlesen After a preliminary ruling in favour of LG Chem was issued in the U.S. regarding the legal dispute between the South Korean battery manufacturers LG Chem and SK Innovation, the legal dispute between the two companies continued in South Korea – and a ruling has been made.
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Volkswagen has begun to expand its Chattanooga plant in the USA in preparation for the production of the VW ID.4 before series production begins in 2022. The expansion not only applies not only to the assembly of electric cars but also to the development of new electric models.
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SK Innovation has announced that it is working with Professor John Goodenough to develop next-generation battery technology. This will involve a special electrolyte for lithium metal batteries.
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The first series-production electric car from Arcfox, a dedicated EV brand by BAIC BJEV, is now going on sale in China. The Arcfox Alpha-T is a large electric SUV with premium standards and a range of over 650 kilometres.
Weiterlesen The US Trade Commission (ITC) has given a preliminary ruling on the legal dispute between the two South Korean battery manufacturers LG Chem and SK Innovation in the USA. The ITC has ruled in favour of LG Chem, and a final decision is expected by 5 October.
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South Korean battery cell manufacturer SK Innovation apparently wants to further increase its production capacities in the USA and Hungary to meet rocketing demand for EV batteries. There is also talk of a joint venture with Volkswagen.
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SK Innovation will become the exclusive battery cell supplier for Hyundai Group electric cars – specifically for the first model based on the Electric-Global Modular Platform (E-GMP), which is to roll off the assembly line from 2021.
Weiterlesen SK Innovation has opened its battery cell factory in China, the construction of which the South Korean manufacturer started in August 2018. In addition to the China Model 3 with LG Chem cells, a car with cells from SK Innovation has now also landed on the Chinese government’s coveted subsidy list.
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SK Innovation, the South Korean battery cell manufacturer, has signed a six-year contract with Glencore for the purchase of up to 30,000 tonnes of cobalt. The deal is intended to enable the supply of batteries for three million electric cars.
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South Korean battery giants LG Chem and SK Innovation are each trying to sue each other in bitter court disputes in both the USA and South Korea about alleged patent infringements. Now their spat is threatening to disrupt the launches of electric vehicles in the US by some of the world’s largest carmakers. Even the […]
Weiterlesen The South Korean battery cell manufacturer SK Innovation has established a joint venture with the Chinese battery specialist EVE Energy to set up its second production facility in China for electric car batteries. CATL is also planning another factory.
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According to the New York Times, with its MEB platform, VW has already achieved costs of less than 100 US dollars per kilowatt-hour for the batteries in ID.3 due to economies of scale, years before expected. At the same time, VW negotiations with battery maker SK Innovation look shaky.
Weiterlesen The legal battle between the South Korean battery manufacturers LG Chem and SK Innovation is heating up in the USA. After LG Chem had sued their competitor from Korea, SK Innovation has now turned the tables and launched a counter-suit for patent infringement.
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SK Innovation has borrowed $657 million from banks in the US, Europe and China to invest more in its production facilities for electric car battery cells and lithium-ion battery separators.
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