IRA

Batteries L&F, CNGR to collaborate to respond to US IRA

L&F Co., South Korea’s major cathode supplier announced Tuesday that it signed a memorandum of understanding (MOU) with Chinese precu...

Business & Politics Biden exempts graphite from EV mineral sourcing rule in win for Korea

WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles w...

Batteries Solus Advanced Materials poised to lead EV copper foil market: CEO

Solus Advanced Materials Co. is not a household name among ordinary electric vehicle drivers. But the South Korean company is a little giant to gl...

Earnings LG Energy Q3 profit at record high on gains from US battery tax credit

LG Energy Solution Ltd., one of the world’s leading battery makers, said on Wednesday its operating profit soared to a record high in the th...

Batteries LG Chem, Huayou to build LFP cathode plant in Morocco

South Korea’s LG Chem Ltd. said on Sunday it will build a lithium phosphate iron (LFP) cathode materials plant in Morocco in partnership with ...

Batteries Hopes rise for Korean copper foil makers’ gains under IRA

South Korea’s SK Nexilis Co., the world’s largest copper foil producer, is in negotiations with six electric vehicle battery makers to s...

Batteries China sets up battery JVs with S.Korea to bypass IRA

Chinese battery materials suppliers are rushing to expand their production bases in South Korea, mainly in partnership with domestic companies.Such ...

Electric vehicles Korea tops US eco-friendly car import rankings despite IRA disadvantage

South Korea retained its top spot in exports of eco-friendly vehicles including electric cars to the US in the first quarter despite challenges pose...

Batteries LG Energy triples lithium orders from SQM for US benefits

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, agreed to nearly triple lithium procurement from Sociedad ...

Batteries Deal reached on LG-Stellantis battery plant subsidy; construction resumes

All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational automaker Stellanti...

Batteries Lotte Energy Materials aspires to become copper foil leader: CEO

South Korea’s Lotte Energy Materials Corp. said on Tuesday that growing demand for reasonably priced electric vehicles will expand the market ...

Batteries Korea-China battery minerals tie-up mutually beneficial: CNGR chief

China and South Korea stand to mutually benefit by strengthening their partnership in the battery materials business amid tougher US regulations on ...

Batteries LG, Samsung showcase new battery packs at InterBattery Europe 2023

MUNICH – South Korea’s two leading battery makers – LG Energy Solution Ltd. and Samsung SDI Co. – on Wednesday unveiled low-...

Corporate strategy POSCO to comply with IRA rules to access battery tax breaks: chairman

NEW YORK – POSCO Group, which owns South Korea’s largest steelmaker, has been striving to transform into a low-carbon conglomerate by sh...

Earnings Hyundai Motor to pay quarterly dividends with record Q1 profit

Hyundai Motor Co. on Tuesday reported its largest-ever quarterly profit, which soared a whopping 86.3% from a year earlier, while unveiling a plan t...

Batteries LG Chem, China’s Huayou Cobalt to build $923 million precursor plant

South Korea’s top chemicals company LG Chem Ltd. and its Chinese partner Zhejiang Huayou Cobalt Co. will launch a 1.2 trillion won ($923 milli...

Earnings LG Energy’s Q1 profit soars on gains from US battery tax credits

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled,...

Batteries LG Energy to secure lithium hydroxide in Morocco

South Korean battery maker LG Energy Solution Ltd. will secure a key battery material in Morocco to strengthen its battery supply chain. LG Energy ...

Batteries SK IE Technology mulls adding LiBS factory in US, says SKIET president

SK IE Technology Co. (SKIET), a global top lithium-ion battery separator (LiBS) player under South Korea’s energy and battery maker SK Innovat...

Hydrogen economy Lotte to produce clean ammonia in US with CF Industries

Lotte Chemical Corp., a major South Korean petrochemical manufacturer, joined hands with CF Industries Holdings Inc., the world’s largest ammo...

Batteries LG Chem invests $75 million in Piedmont Lithium, signs supply deal

LG Chem Ltd., South Korea’s largest chemicals maker, said on Friday it is acquiring a 6% stake in Piedmont Lithium Inc., a US mining company, ...

Batteries Hyundai, SK to build $1.9 bn EV battery plant in US

Hyundai Motor Group, South Korea’s top automaker, and SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, will b...

Batteries LG Energy Solution diversifies supply chains to respond to US IRA

LG Energy Solution Ltd. has made a preemptive response to the Inflation Reduction Act of the US by securing the supply of lithium carbonate, a key m...

Earnings Samsung SDI beats CATL in EV battery operating margin

Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...

Economy S.Korea, Chile to jointly develop key EV battery materials

South Korea has joined hands with Chile in a move to cope with the US’ Inflation Reduction Act, as well as strengthen the two countries' ties ...

Batteries LG Energy in cobalt, lithium deals with three Canadian suppliers

South Korea’s LG Energy Solution Ltd. said on Friday it has signed battery materials supply deals with three Canadian minerals companies &ndas...

Batteries Ford CEO heads to Korea to discuss EV tax credit with LG Energy, SK On

Ford Motor Co. Chief Executive Jim Parley will visit South Korea early next week to meet with chief executives of its battery suppliers LG Energy So...

Electric vehicles Korea resolution on US EV incentives passes parliament

South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...

Business & Politics Washington, Seoul to hold formal talks on US EV tax credit act

WASHINGTON D.C. – South Korea and the United States have agreed to launch formal negotiations over ways to address the negative impacts of the...

Automobiles Hankook Tire to spend $1.6 bn on US plant expansion

Hankook Tire & Technology Co., South Korea’s top tire maker, will invest $1.6 billion to more than double its output in the US, the world&...