As POSCO Holdings announced its first quarterly earnings under new Chairman Jang In-hwa, control of business development speeds by business division has become a hot topic.The company has set an investment budget of about 10.8 trillion won for this year, but the amount is likely to be reduced. The p
Samsung Electronics is zeroing in on the digital health market with new artificial intelligence (AI) wearables. The Galaxy Watch 7, set for release in the second half of this year, is expected to offer blood glucose monitoring in addition to its earlier capability to detect sleep apnea. When combine
LG Energy Solution recorded an operating loss in the first quarter of this year when excluding the advanced manufacturing production credit (AMPC) from the U.S. Inflation Reduction Act (IRA).The company announced on April 25 that its first-quarter provisional sales amounted to 6.13 trillion won (US$
After receiving a lackluster performance report for the first quarter of this year, POSCO Holdings has signaled changes in its core businesses such as steel and secondary battery materials.POSCO Holdings announced on April 25 that its consolidated operating profit for the first quarter of this year
Volvo Group Korea, a specialized excavator manufacturer, announced on April 24 that it has completed the construction of Asia’s first group battery pack production facility at its Changwon Plant in South Gyeongsang Province, South Korea.On April 23, Volvo Group Korea held a ceremony at the Changwon
LG Energy Solution has declared war against technology theft, believing that patent infringement by overseas battery-related manufacturers in regions like China and Europe is severe. The company’s own investigation revealed 580 cases of confirmed patent infringement. They are ready to pursue legal a
Hyundai Mobis, a global leading company in the electric vehicle supplier, announced the construction of a new plant in Spain, the heart of Europe's automotive market. Mobis currently operates battery system production facilities in Korea, China, and the Czech Republic and is building several more in
On April 23, Samsung SDI announced that it will showcase future battery technology for electric vehicles to global scholars at the “37th Electric Vehicle Symposium & Exhibition (EVS37).”EVS is the largest electric vehicle symposium and exhibition worldwide, starting in 1969. It is an event where glo
It has emerged that the domestic battery industry, which received trillions of won in tax deductions in the United States last year, might need to pay nearly 200 billion won in additional taxes by 2026 due to the implementation of a global minimum tax. Battery companies are currently investing in th
BMW Group Korea will now carry out all electric vehicle and software development, as well as certifications in Korea.“Korea is BMW’s fifth-largest market globally, and this year we became the No. 1 brand in premium cars, including electric vehicles,” said Jochen Goller, a member of the Board of Mana
SK On, the battery business subsidiary of SK Innovation, announced today its Cobalt-free battery has won a Bronze award in the Smart Transportation category at the prestigious 2024 Edison Awards on April 18.The latest honor not only shows SK On's technological prowess but also underscores the compan
On April 17, Chairman Shin Dong-bin of Lotte Group visited the Lotte Energy Materials’ smart factory in Kuching in the state of Sarawak in Malaysia to inspect the secondary battery material business and engage with local employees.Since 2019, Lotte Energy Materials has been producing copper foil in
Samsung Electronics Co., Ltd., a world leader in advanced memory technology, today announced that it has developed the industry's first LPDDR5X DRAM supporting the industry’s highest performance of up to 10.7 gigabits-per-second (Gbps).Leveraging 12 nanometer (nm)-class process technology, Samsung h
Much attention is paid to geopolitical risks in the Middle East, which have accounted for the largest share of overseas construction orders to Korean construction companies in the first quarter of this year.A total of 183 Korean construction companies won 171 orders in 63 countries around the world
Samsung Electronics Chairman Lee Jae-yong (left) and BMW CEO Oliver Zipse (right) talk about BMW’s latest electric car, the New i7, at the BMW Driving Center in Yeongjongdo, Incheon, Korea, in December 2022.Germany’s BMW Group said on April 15 that it bought about 6.535 trillion won worth of auto pa
Last year, South Korea’s secondary battery exports declined for the first time in eight years, not due to weakened industrial competitiveness but as a result of increased overseas production.According to the report “Factors Influencing Changes in Secondary Battery Exports and Future Directions” publ
Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
SK on, the battery business subsidiary of SK Innovation, is partnering with Siemens Digital Industries Software (DISW) to embark on the establishment of smart factory systems.SK on announced on April 14 that it had signed a memorandum of understanding (MOU) with Siemens DISW at the SK Seorin Buildin
The Korea Advanced Institute of Science and Technology (KAIST) announced on April 11 that a research team led by Professor Kang Jeong-gu from the Department of Materials Science and Engineering has developed a high-energy, high-power hybrid sodium-ion battery capable of rapid charging.Hybrid energy
Hyundai Mobis announced its participation in the 37th World Electric Vehicle Symposium and Exhibition (EVS37), which will take place at COEX in Seoul from April 23 for four days, where it will showcase its core technologies for future mobility.EVS37 is the world’s largest electric vehicle symposium