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Wednesday 3 January 2024
SK On to see EV battery production capacity grow by 70% in 2024
South Korean battery makers are expected to increase production capacity significantly in 2024. With its expansion in China and Hungary, SK On will see its capacity grow by 70%. LG...
Monday 6 November 2023
RE100 a key battleground for South Korean battery manufacturers to outmaneuver Chinese peers
South Korea's major battery manufacturers, in response to the demands of the global automotive industry, will require battery material suppliers to provide materials meeting the RE100...
Monday 23 October 2023
Samsung SDI to supply Hyundai EV batteries for the first time
Battery maker Samsung SDI announced on October 23 that it has secured an EV battery supply agreement with Hyundai Motor, a first between the two South Korean companies. Samsung SDI's...
Friday 15 September 2023
IC leadframe suppliers brace for profit decrease in 2023
IC packaging leadframe suppliers are bracing for on-year profit decreases in 2023, as demand for automotive chips cannot offset the impact of diminishing consumer chip demand, according...
Thursday 31 August 2023
South Korean battery makers could hardly recoup investments in US despite IRA grants
Driven by significant grants under the US Inflation Reduction Act (IRA), South Korean battery makers LGES, SK On, and Samsung SDI have expanded their production investments in North...
Monday 21 August 2023
Samsung SDI reportedly to build South Korea's first LFP battery plant
South Korean battery maker Samsung SDI will likely build the country's first LFP battery plant in its Ulsan production base, according to local media reports. However, as CATL and...
Tuesday 15 August 2023
TSMC's fab in Germany may only half address major concerns of European carmakers
TSMC has officially entered the European automotive supply chain with plans to establish a joint venture fab in Dresden, Germany, relieving European automakers' concerns about chip...
Tuesday 25 July 2023
Stellantis, Samsung SDI to build second EV battery plant in the US
Stellantis and its battery partner Samsung SDI will build a second plant in the US to support the carmaker's EV ramp-up. The facility is expected to begin production in 2027. In addition,...
Wednesday 14 June 2023
GM and Samsung SDI to locate joint battery plant in Indiana
General Motors and Samsung SDI have decided to put their over-US$3 billion battery plant in Indiana, the US. The facility will be GM's fourth battery plant in the country, boosting...
Thursday 27 April 2023
Samsung SDI expanding presence in US EV battery manufacturing
Samsung SDI and General Motors (GM) have announced that they have agreed to establish a joint venture (JV) to manufacture battery cells for electric vehicles (EV) in the US. It is...
Wednesday 26 April 2023
Top-3 Korean battery makers keen on domestic capacity expansions
South Korea's top-3 battery makers SK On, LG Energy Solution (LGES), and Samsung SDI are all on track to build additional domestic production capacities, in order to reduce the country's...
Wednesday 26 April 2023
GM raises 2023 guidance, adding Samsung SDI as battery partner
General Motors is expecting a strong 2023. It raised its whole-year guidance on April 25 after finishing the first quarter with US$3.8 billion of adjusted EBIT. In addition, the automaker...
Monday 10 April 2023
South Korea to support domestic battery industry as US finalizes regulation
The South Korean government released a series of strategies to help local battery companies gain a global presence, especially in the US. Notably, the government will offer KRW7 trillion...
Wednesday 8 March 2023
Taiwan leadframe suppliers see promising demand for automotive SiC devices
Taiwan-based leadframe suppliers including Chang Wah Technology (CWTC), Jih Lin Technology and Shuen Der Industry (SDI) are seen as beneficiaries as more IDMs offer automotive silicon...
Monday 20 February 2023
LGES retains crown in 2022 non-Chinese global EV battery usage
South Korea-based research firm SNE Research recently released an analysis of non-Chinese global EV battery usage in 2022. LG Energy Solution topped the list again with a market share...