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Energy Materials and Enertech International Come Together to Commercialize LFP Batteries for Electric Vehicles South Korean companies that specialize in batteries are drawing attention as they have joined forces to develop LFP (lithium iron phosphate) for electric vehicles (EV). LFP battery is seen as a battery that is cost-effective and very safe. However, only very few companies South Korea currently manufacture such battery, and the battery has been only utilized for special purposes. But the level of interest towards the battery has grown as cost reduction has emerged as an important topic for companies related to EV and EV battery. ....
Enchem to Build Its Second European Electrolyte Production Plant in Hungary A South Korean battery materials manufacturer Enchem plans to build its second electrolyte production plant in Hungary and build recycling production facility as well. Also, other South Korean battery materials manufacturers such as Dongwha Electrolyte and EcoPro BM are strengthening their cooperation models with local companies in Europe. South Korean battery manufacturers are actively targeting local markets in Europe in order to meet the European Union’s plan to promote the battery industry in Europe. According to the industry on Thursday, Enchem is currently preparing to build an electrolyte production plant in Komarom, Hungary. It is reported that the plant’s annual production capacity is expected to be 20,000 tons which is same as the company’s first European plant in Poland that supplies electrolytes to LG Energy Solution. ....
Cosmo Advanced Materials Looking to Develop ‘Single-Crystal Cathode Material’ by Next Year Cosmo Advanced Materials has been accelerating development of ‘single-crystal cathode material’ which will be a key material for all-solid-state batteries. Single-crystal cathode material is a next-generation battery material that supplements disadvantages of polycrystalline cathode materials that are currently used. It can supplement durability issue of polycrystalline cathode materials that can easily break during charging and discharging. As development of all-solid-state batteries has become the most interesting issue within global automakers and the global battery industry, attention is being focused on a result by Cosmo Advanced Materials on its R&D. ....
South Korea’s Electric Vehicle Battery Industry Focusing on Developing Talented Individuals for Core Technologies LG Energy Solution, Samsung SDI, and SK Innovation are planning on constructing new battery plants in the United States starting from this year as they have no choice but to turn their heads towards the U.S. in order for them to supply their electric vehicle (EV) batteries according to the U.S. government’s policy on stabilization of battery supply chain management (SCM). The industry believes that due to the industry’s characteristics, South Korean battery manufacturers need to focus on developing competitive edge of domestic labor force for R&D on core technologies even if they conduct production in foreign countries. ....
Samsung SDI Looking to Expand Its Electric Vehicle Battery Production in Hungary etnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etnews.com Daily Mail and Mail on Sunday newspapers.