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South Korea EV registration jumps in 2022

Teslarati

The Ministry of Land, Infrastructure, and Transport in South Korea has announced that EV registrations in the country have jumped by 72.7% South Korea has not seen the EV boom of the Chinese car market , more closely resembling the Japanese market, where electric vehicles have yet to catch on. year over year.

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South Korea welcomes US decision to extend use of Chinese graphite in EVs – ET Auto

Baua Electric

South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The ministry said South Korean battery makers, including LG Energy Solution, Samsung SDI and SK On that attended the meeting, welcomed the reprieve.

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CATL seen constructing new battery production facility in China

Teslarati

As many national governments, notably the United States, have looked to challenge China’s chip and battery production dominance, the collateral damage has been the Chinese battery supplier CATL , which still holds the position of the world’s largest battery cell producer. If you have news tips, email us at tips@teslarati.com !

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South Korean EV battery makers flock to U.S. after Inflation Reduction Act

Teslarati

Battery suppliers from South Korea are moving production to the U.S. to compete with Chinese rivals. According to a report from Korea IT News , as part of the Inflation Reduction Act’s passage requiring U.S.-made Still, many companies are opening new facilities in the U.S.

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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 LGES priced its IPO at 12.8 trillion won ($10.7

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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. Automotive battery manufacturers have been hit by slowing growth in EV demand in the United States and Europe and cut-throat competition in China.

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Samsung SDI opens battery R&D center in Shanghai

CN EV Post

A new research lab under the center will focus on discovering new functional and affordable materials. Image credit: Samsung SDI) Samsung SDI, South Korea's third-largest battery maker, has opened a new battery research and development center in China to boost its technological competitiveness. percent and 5.5

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