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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium.

Supplies 259
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

Green Car Congress

All car manufacturers seem to be following in the same footsteps as Tesla. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% in the April report for the Institute for Supply Management’s Manufacturing Index.

Supplies 380
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SK Innovation to build $1.67B EV battery manufacturing plant in Georgia

Green Car Congress

South Korea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. Construction will occur in two phases, beginning in early 2019. The new plant will be located in Jackson County, Georgia.

Georgia 285
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SK Siltron CSS to invest $300M in new Michigan plant for silicon carbide wafers for EV power systems

Green Car Congress

SK Siltron CSS, a semiconductor wafer manufacturer, plans to invest $300 million and create up to 150 high-paying, skilled jobs in Bay County, Mich., over the next three years to provide manufacturing and R&D capabilities of advanced materials for electric vehicles. to join its existing site in nearby Auburn, Mich.

Michigan 150
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Volkswagen Group picks SK Innovation as supplier of battery cells for MEB-based EVs in North America

Green Car Congress

The Volkswagen Group has selected South Korea-based battery manufacturer SK Innovation (SKI) as the fourth major supplier of battery cells for electric vehicles based on the Modular Electric Toolkit (MEB). These partners will safeguard battery supplies from 2019.

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Lithium-ion Battery Manufacturers in India

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According to the Union Science Ministry, Indian imports of such batteries decreased to $450 million in 2019-2020 after gradually growing in recent years to $712 million. Lithium-ion batteries are imported into India from China, Japan, and South Korea. In addition, the government placed a 2.5% TDS Lithium-ion Battery Pvt.

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LG Energy Solution raises about $10.6 billion in South Korea’s biggest IPO to date

Teslarati

It is now the third-most valuable company in South Korea after Samsung Electronics Co Ltd (005930.KS) KS), according to The Korea Times. LG Energy Solution’s IPO is the largest equity fund raising in South Korea since Alibaba raised $12.9 billion in its Hong Kong secondary listing back in 2019. .