Market research firm SNE Research said on Oct. 6 that the global EV battery usage was 287.6 GWh in January to August this year, up 78.7 percent from a year ago.The use of CATL EV batteries increased 114.7 percent year on year to 102.2 GWh and the company’s market share rose from 29.6 percent to 35.5
Market research firm SNE Research announced on Sept. 13 that CATL posted sales of US$13 billion in the first half of this year, when those of LG Energy Solution, Samsung SDI and SK On were US$5.84 billion, US$2.98 billion and US$2.07 billion, respectively.The three South Korean EV battery manufactur
Korean battery makers’ combined market share declined in the January-July period of this year due to the rapid growth of Chinese competitors. In particular, in the July rankings, China’s BYD claiming second place, beating out LG Energy Solution.The total battery usage of electric vehicles (EVs) regi
Skepticism about electric vehicles (EVs) is emerging in Europe, while automakers are churning out EVs. Some European countries repealed EV subsidies and German Finance Minister Christian Lindner recently remarked that it is wrong to gradually and completely ban internal combustion engine vehicles in
Northvolt has succeeded in developing a cylindrical battery with a diameter of 21 mm and a height of 70 mm and is preparing to mass-produce it. Competition in the cylindrical-type batteries is expected to intensify, as Korea's LG Energy Solution and Samsung SDI are also focusing on them. Northvo
While Japanese companies are leading in global patent filings related to all-solid-state batteries for electric vehicles (EVs), Korean companies are also fiercely tailing them.Japan's Nihon Keizai Shimbun (Nikkei) reported on July 7 the results of its survey of patent filings related to all-soli
LG Energy Solution has penetrated the Japanese market, a stronghold of Panasonic which supplies batteries to Tesla. It signed a contract to supply cylindrical batteries for electric trucks of Isuzu, Japan’s largest commercial vehicle company. The contract is worth about one trillion won.LG Energy So
Key affiliates of Samsung Group, including Samsung Electronics, Samsung SDI, Samsung SDS and Samsung Electro-Mechanics, have launched a task force focused on electric vehicles (EVs). The task force is reportedly studying EVs from various angles at Samsung Seocho Building in southern Seoul. "It recen
SK On ranked fifth in the global electric vehicle (EV) battery market in the January-April period of 2022 with a 7.0 percent share, up 1.7 percentage points from the same period a year ago.But LG Energy Solution and Samsung SDI suffered a drop in their market shares. SNE Research said SK On showed a
LG Electronics has emerged as the No. 1 player in the global telematics control unit (TCU) market. TCUs are a key component that implements vehicular communications for connected cars.According to market research firm Counterpoint Research, LG Electronics accounted for 35.2 percent of the TCU market
Market research firm SNE Research announced on March 31 that the global EV battery usage was 53.5 GWh in January and February this year and more than doubled in one year.According to it, the usage of LG Energy Solution batteries was 7.4 GWh, up 37.6 percent from a year ago. It came in second, althou
LG Display regained its No. 1 spot in the global TV display market in the fourth quarter of 2021 on the back of strong sales of OLED panels.The company’s share stood at 23.8 percent in the fourth quarter of 2021, beating Chinese display company BOE (20.6 percent), according to market research firm O
South Korean display manufacturers’ monopoly in the large OLED panel market is likely to continue for the time being.According to industry sources, JOLED’s production line construction in the industry is being delayed due to COVID-19. JOLED Inc. is a Japanese display technology company founded in 20
Japanese electric vehicle battery manufacturers are expanding their facilities in the United States.News outlets reported that Panasonic is purchasing land in Kansas and Oklahoma in order to produce more 4680 batteries to be supplied to Tesla. The investment is estimated at billions of dollars and t
The market for mid-sized 40-inch OLED TVs is growing fast, fueled by an increase in the number of gamers and a spike in demand for second TVs due to COVID-19.Sales of TVs in the 40-inch range are on the uptick. Thus far, screen sizes have kept becoming bigger ang bigger as people across the globe ar
BlackRock, the world’s largest asset management company, is considering investing in SK Innovation’s battery subsidiary.BlackRock’s private equity fund division recently participated in a preliminary tender conducted by SK On, said sources in the investment banking (IB) industry on Feb. 10. SK On he
An increasing number of Chinese companies are entering the cylindrical battery market, which has been led by South Korean and Japanese EV battery manufacturers.CATL, EVE and CBAK are planning to start the mass production of 4680 cylindrical batteries this year. EVE and CBAK are currently building fa
Londian Wason Holdings Co., a Chinese copper foil materials producer where SK Inc. is the second-largest shareholder, is seeking to offer its stocks on the Hong Kong stock market. Sk Inc, Mirae Asset Management and SV Investment, which invested in the Chinese company, are looking forward to a return
The three major Korean battery makers’ combined global market share inched down in 2021 due to the rise of Chinese companies. The three are LG Energy Solution, Samsung SDI and SK On.The cumulative amount of battery energy usage from electric vehicles reached 296.8 gigawatt hours (GWh) globally in 20
Secondary battery separators from SK IE Technology (SKIET), a subsidiary of SK Innovation, are likely to go into electric vehicle batteries of Northvolt, a new battery powerhouse in Europe.SKIET recently listed Northvolt as a new customer and is in talks with it over the separator supply volume and