Hanwha Solutions’ Q CELLS will invest 136.5 billion won (US$101.9 million) to mass produce perovskite-silicon-based tandem cells called “dream solar cells.”Q CELLS announced on May 16 that it will build a pilot facility for volume production of tandem cell modules at its Jincheon plant in North Chun
Dong Suh Foods has decided to recall some of its Maxim Mocha Gold Coffee Mixes due to the possibility that silicon-based materials were mixed in during the production process.Some of eight different types of its products, including the 600 gram Maxim Mocha Gold Coffee Mix, may have contained a subst
A joint research team of Pohang University of Science and Technology and Sogang University has developed a silicon anode active material that is more stable than existing ones. According to the team, the developed material has at least 10 times the capacity of graphite if it is used in rechargeable
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 1Q22 operating loss amounts to KRW2.8bnUniTest posted sales of KRW17.9bn (-35% YoY) and operating loss of KRW2.8bn for 1Q22. By division, semiconductor tes
Hyundai Motor Co. has begun to develop next-generation power semiconductors for vehicles, providing a big boost to the domestic semiconductor ecosystem.Hyundai Motor will develop semiconductors using new materials such as silicon carbide (SiC), gallium nitride (GaN), and gallium oxide (Ga203) along
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Over 2020~2021, even during the Covid-19 crisis, sales of BEVs have exceeded market expectations, in turn leading finished car makers to place aggressive battery orders. In response, cell/material
CATL, the top player in the global EV battery market, is working on the commercialization of sodium-ion batteries as an inexpensive alternative to LFP batteries. South Korean EV battery manufacturers are responding by developing all-solid-state batteries, which are currently the most advanced form i
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. 3Q21 OP to exceed market consensus at KRW61.5bnHansol Chemical is forecast to post operating profit of KRW61.5bn (+14.2% QoQ, +19.9% YoY) on sales of KRW205bn (
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. Innox AMC and Alton Sports led Innox’s 2Q21 earnings growth. TRS is forecast to enjoy earnings improvement from 4Q21, when supply towards new overseas player should begin. Recently, the value of
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. Innox subsidiary TRS’s supply towards foreign and domestic battery material companies is to start from Sep 2021 and Jan 2022, respectively, with total supply of 140 tons/month to be secured by Ju
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. Earnings surprise expected in 2Q21Samsung SDI is expected to have registered operating profit of KRW269bn (+102.0% QoQ, +158.6% YoY) on sales of KRW3.39tr (+14.
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. Ultium batteries will be applied to GM’s new EV production platform from 2021. The main materials specifications of the Ultium have already been announced, and related suppliers are becoming increasing
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. Innox subsidiary TRS stands on the verge of full-fledged earnings growth. Amid rising demand for silicon-based anode materials for batteries, TRS represents the only firm capable of producing fin
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. Intensifying competition for EV supremacy is positive for Korean battery makersApple is highly likely to enter the market for self-driving electric cars for sus
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. 4Q20 OP to exceed consensus at KRW30.6bnHansol Chemical is expected to report operating profit of KRW30.6bn (-40.4% QoQ, +77.2% YoY) on sales of KRW161bn (-2.2%
Hanwh Q CELLS announced on Nov. 17 that a Chinese state agency has sided with it in a lawsuit filed by China’s photovoltaic manufacturer LONGi Solar to nullify the Korean company’s patents.In July and August 2019, LONGi Solar filed the lawsuit with the State Intellectual Property Office of the Peopl
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. 3Q20 earnings surpriseSamsung SDI delivered an earnings surprise for 3Q20, with operating profit exceeding market consensus of KRW204.8bn at KRW267.4bn (+157.2%
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. Ultium rechargeable batteries for EVs are to be applied to GM’s BEV3 platform. Recently, planned Ultium adoption is expanding to include manufacturers such as Nikola and Honda. We view the strengthenin
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. 3Q20 OP to exceed consensus at KRW233bn (+124.1% QoQ)Samsung SDI is forecast to report operating profit of KRW233bn (+124.1% QoQ, +40.8% YoY) on sales of KRW3.0
The author is an analyst of NH Investment & Securities. He can be reached at ys.hwang@nhqv.com. -- Ed. Helped by likely solid demand for its products, we believe that Hansol Chem renewed its quarterly OP record in 2Q20. Going forward, OP growth is to sustain in line with both rising shipments of ano