Korea’s three major battery makers, which have announced massive investment plans for the United States, are shifting their focus to Europe. They are looking to secure an edge with next-generation batteries in a price war with Chinese battery companies.As the three battery companies have decided to
Market research firm SNE Research said on Oct. 28 that the global use of electric vehicle batteries was 195.4 GWh for the first three quarters of this year, up 130.8 percent from a year ago.LG Energy Solution recorded a market share of 23.8 percent with 46.5 GWh. It fell 0.7 percentage point in one
Market research firm SNE Research said on Sept. 29 that the batteries of the electric vehicles that were registered between Jan. 1 and Aug. 31 this year added up to 162 GWh, 139.3 percent from a year ago.That includes 39.7 GWh supplied by LG Energy Solution, 8.8 GWh by SK Innovation and 7.9 GWh by S
Lucid Motors recently set a new record in terms of EV driving range, and Rivian recently released the world’s first electric pickup truck. Both use batteries manufactured by South Korean companies.The Lucid Air Dream Edition Range received an official EPA rating of 520 miles of range on Sept. 16. It
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Suggest Samsung SDI, EcoPro BM, and Daejoo Electronic Materials as top picksFrom 2H21, upward revisions in earnings estimates are expected in line with major firms’ announcements of investment and
Korean OLED panels and OLED TVs are racking up high market shares in the Japanese market, which has a very strong preference for domestic brands.LG Electronics recorded a 7.4 percent share in the OLED TV market in Japan in the second quarter. Its share was lower than Japanese brands Sony (35.2 perce
SK Innovation outclassed Samsung SDI in the global electric vehicle battery usage from January to July 2021. LG Energy Solution remained second after China's CATL.The total amount of batteries used by global electric vehicles from January to July 2021 reached 137.1GWh, up 143.6 percent from the
SK Group is moving to enter the cathode material business. The group has thus far made equity investments in related companies, but does not produce them directly.SK Group said on Aug. 30 that SK Materials and SKC are both considering entering the cathode material business. They are open to all poss
Concerns are growing about the safety of LG Energy Solution batteries as GM has decided to recall the Chevrolet Bolt EVs following Hyundai Motor’s recall of the Kona EVs. At a time when LG Energy Solution already has a battery order backlog worth 180 trillion won, some experts say that there could b
The Tesla Megapacks installed in Victoria, Australia that caught fire on July 30 was reportedly loaded with batteries from LG Energy Solution and Panasonic.A report on the fire from UL, an international safety certification agency, reportedly says that the Tesla Megapack was loaded with cylindrical
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Value of battery materials business estimated at KRW2tn We maintain BUY and TP of KRW350,000 on Hansol Chemical. We expect a rise in enterprise value as the revenue proportion of its secondary-battery materials
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Company to invest in silicon anode materials for next-generation batteries We maintain BUY and TP of KRW350,000 on Hansol Chemical. We remain optimistic due to the expectation that the company’s foray into the
Apple is re-focusing on the United States after trying to search for an Apple car partner outside the United States. This has to do with the Joe Biden administration’s guidelines on the future mobility strategy of the United States.Previously, Apple decided to produce its electric cars on an OEM bas
Chinese and Japanese electric vehicle battery manufacturers are enhancing their competitiveness with inexpensive products, and competition in the global electric vehicle battery market is continuing to intensify.CATL unveiled a sodium-ion battery on July 29. This battery is lower in price than a lit
Campaign Asia-Pacific and Nielsen announced on July 20 that Samsung topped their Asia's Top 1000 Brands list for this year. The 18-year-old list shows consumer preferences in 14 Asia-Pacific countries, and Samsung took the top spot for the 10th consecutive year this year."Samsung Group is the bi
Market research firm SNE Research reported on July 19 that the total energy amount of the batteries of electric vehicles registered worldwide in May this year is 19.7 GWh, the amount increased by more than 3.3-fold in one year, and the data includes PHEVs and HEVs and does not include electric buses
The United States is increasing its electric vehicle battery imports at a rapid pace, as the supply from U.S. electric vehicle battery manufacturers is still insufficient. South Korea’s battery exports to the United States are increasing rapidly, too.From January to May this year, approximately 224,
The combined market share of the three major Korean electric vehicle (EV) battery manufacturers stood at 33.5 percent in the first five months of 2021, according to SNE Research, an energy research company, on June 30. The figure represented a small drop from 34.9 percent during the same period a ye
The United States has become the world’s largest buyer of South Korean secondary batteries. This is because the electric vehicles and energy storage systems in use in the United States are increasing.The Korea International Trade Association announced on June 27 that US$832 million of South Korean l
The Korea International Trade Association announced on June 20 that the United States imported US$2.37 billion of lithium-ion batteries for the first four months of this year, up 71 percent from a year ago, and imports from China account for 51 percent of the total imports for that period. The ratio