battery maker

2024.09.25

08:32

Swedish battery maker Northvolt may lay off more workers

Asia Tech Wire (Sep 25) -- The labor union at Northvolt said Wednesday that the Swedish battery maker may increase the number of layoffs from its current plan to cut 1,600 jobs as the company struggles to cope with financing difficulties.

2024.07.04

06:31

LG Energy Solution hopes to commercialize dry-coating technology by 2028

Asia Tech Wire (July 4) -- South Korean battery maker LG Energy Solution hopes to commercialize dry-coating technology by 2028, according to Bloomberg.

2024.07.03

07:14

SNE Research: S. Korean battery trio's global market share drops to 22.3% in Jan-May

Asia Tech Wire (July 3) -- The three major South Korean battery manufacturers saw their market share fell 2.8 percentage points year-on-year to 22.3% from January to May this year, according to SNE Research.

2024.01.15

06:51

Chinese firm develops tiny nuclear battery that could produce power for 50 years

National Business Wire (Jan 15) -- Beijing-based startup Betavolt announced last week that it has developed a miniature nuclear battery.

2022.02.15

04:02

Tesla battery supplier CATL says its honorary chairman passed away due to illness

Asian Tech Press (Feb 15) -- Tesla battery supplier Contemporary Amperex Technology Co Ltd (CATL) said that its honorary chairman passed away on Monday due to illness.

2022.02.08

09:35

China's CATL denies consulting U.S. bodies on possibility of getting sanctioned

Asian Tech Press (Feb 8) -- Contemporary Amperex Technology Co Ltd (CATL), a leading Chinese electric vehicle (EV) battery maker, denied Tuesday that it was consulting U.S. bodies on possibility of getting sanctioned by Washington.

2022.02.07

10:00

S. Korean battery trio take 30.4% of global market share in 2021

Asian Tech Press (Feb 7) -- The three major South Korean battery manufacturers have 30.4% of global market share in 2021, Yonhap News Agency reported Monday.

2022.01.17

09:38

LG Energy Solution CEO says the company has more existing orders than CATL

Asian Tech Press (Jan 17) -- China's CATL and South Korea's LG Energy Solution are currently the two largest battery manufacturers globally. They have a much higher share of the market for power batteries needed for electric vehicles, but CATL's percentage is still higher than LG Energy Solution's.

2022.01.14

10:53

LG Energy Solution plans to build a joint battery plant with Honda in the U.S.

Asian Tech Press (Jan 14) -- DIGITMES reports that local Korean battery maker LG Energy Solution plans to build a battery plant for electric vehicles in the U.S. in a strategic alliance with Japan's Honda Motor, with a maximum investment of 4 trillion won (about $3.36 billion) and an annual production capacity of 40 GWh.

09:08

LG Energy Solution prices IPO at top of range to raise $10.74 billion

Asian Tech Press (Jan 14) -- Tesla battery supplier LG Energy Solution (LGES) has priced its initial public offering (IPO) at the top of its indicative range, seeking to raise about $10.74 billion in the upcoming largest-ever IPO in South Korea.

2022.01.10

07:28

LG Energy Solution expects its battery global market share to surpass CATL

Asian Tech Press (Jan 10) -- LG Energy Solution said it expects its global market share to surpass CATL's market share, considering LG's backlog of battery orders. The company also said it plans to use lithium iron phosphate chemistry in electric vehicles.

2021.12.08

07:59

Battery maker Samsung SDI appoints new CEO

Asian Tech Press (Dec 08) -- Samsung SDI, a battery maker owned by Samsung Group, said it had appointed Samsung Electronics Chief Financial Officer (CFO) Choi Yoon-ho as its new Chief Executive Officer (CEO), and current CEO Jun Young-hyun will be promoted to vice chairman of Samsung SDI and chairman of the board.

2021.12.07

08:40

Toyota to invest $1.29 billion on new EV battery plant in North Carolina

Asian Tech Press (Dec 07) -- According to media reports, after LG New Energy announced that it would invest $1.36 billion to expand its North American electric vehicle battery production capacity, Toyota has also announced that it will build a battery factory in North Carolina, USA.

2021.11.08

07:10

Tesla plans to build a plant in Canada for the mass production of 4680 batteries

2021.09.29

06:05

CATL-backed firm invests $240 mln in AVZ Minerals for Congo lithium project

Asian Tech Press (Sep 29) -- Global leading battery maker Contemporary Amperex Technology Co Ltd (CATL) continues to lay out for lithium resources, as a company in which it has stakes will invest $240 million in Australian mineral exploration company AVZ Minerals Ltd's lithium project in the Democratic Republic of the Congo (DRC).

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