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
Korea is competing neck and neck with China for the leadership in the electric vehicle (EV) battery field, according to a report released by the Bank of Korea.The report was released under the title “The Effects of the Acceleration of the Big Blur Phenomenon.” The Big Blur phenomenon refers to a blu
Japan has recently started to promote collaboration with Taiwan's TSMC.The Nihon Keizai Newspaper of Japan reported on June 3 that a new strategy for strengthening the foundation of Japan's digital industry such as semiconductors was presented to the recent Growth Strategy Meeting presided o
In the January-April period of this year, Korea's three major battery makers accounted for 32 percent of the global battery use by electric vehicles (EVs, PHEVs, HEVs), smaller than the 32.5 percent of China’s CATL.The combined battery energy of electric vehicles in the first four months of this
Toyota and Nissan are planning to invest 160 billion yen and 200 billion yen in order to increase their EV battery production capacities, respectively. The Nikkei reported on May 29 that the investment from Toyota pertaining to the period of April this year to March next year is approximately 200 pe
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. Amid rising calls to improve battery safety, demand for high-quality electrolytes is expanding. Of note, Chunbo’s electrolytes help battery makers to achieve longer life cycles and strengthen operation
Market research firm SNE Research reported on May 3 that the global EV battery energy consumption volume was 47.8 GWh in the first quarter of this year, up 127 percent from a year earlier.“CATL accounted for most of the increase in Q1,” it said, adding, “Specifically, the use of CATL batteries jumpe
The U.S. automotive lithium battery market grew from US$1 billion in 2017 to US$1.39 billion in 2020. The size is expected to reach US$1.99 billion in 2023 and US$2.8 billion in 2025.The Joe Biden administration is making a lot of efforts to popularize electric vehicles (EVs) against climate change
With the United States planning to make a large-scale investment for more electric vehicles (EVs) on the road, South Korean EV battery manufacturers are in a dilemma in the U.S. EV market. This is because investing in advance in the fast-growing market is definitely advantageous, but there are some
South Korea’s mold exports to the United States set a new record last year. South Korea is currently exporting the item to more than 120 countries worldwide as one of the world’s top five mold manufacturers including Germany, Japan, the United States and China. When it comes to exports, South Korea
William C. Hannas and James Mulvenon wrote in their book titled “Chinese Industrial Espionage: Technology Acquisition and Military Modernization” that the Chinese government was engaged in technological espionage for decades while supporting technology theft in the cyberspace.On March 3, Reuters rep
The Korea Trade-Investment Promotion Agency (KOTRA) announced on March 8 that Chinese, South Korean and Japanese lithium batteries accounted for 43.4 percent, 19.49 percent and 13.23 percent of the lithium battery imports of the United States last year, respectively. South Korea’s proportion increas
The Yomiuri Shimbun reported on March 8 that about 30 battery-related companies in Japan would form a supply chain partnership next month. The companies include GS Yuasa, Prime Planet Energy & Solutions and Sumitomo Metal Mining.A battery is a key component of an electric vehicle accounting for appr
Market research firm SNE Research announced on March 2 that the supply of LG Energy Solution batteries for electric vehicles registered worldwide in January this year totaled 2.5 GWh. The company took the top spot in January last year but came in second in January this year.The amount and ranking ar
LG Energy Solutions holds the largest number of patents for electric vehicle (EV) batteries that are officially registered with the patent offices of major countries around the world.LG Energy Solution's EV battery patents (excluding utility patents) registered with patent offices in Korea, Japa
Market research firm SNE Research said on Jan. 20 that electric vehicles outside China consumed 65.2 GWh of electricity, up 44.6 percent from a year ago, from January to November last year. The non-Chinese market was led by Panasonic and LG Energy Solution came in second by increasing its figure by
The three Korean battery companies -- LG Energy Solutions, Samsung SDI, and SK Innovation -- are gaining growth momentum as the global electric vehicle market is expanding rapidly.China’s CATL ranked first with a 24.2 percent share of total batteries installed in electric vehicles sold between Janua
LG Energy Solutions has preempted the next-generation battery market as it will supply its nickel, cobalt, manganese and aluminum (NCMA) batteries for U.S. GM and Tesla electric vehicles.LG Energy Solutions is planning to roll out NCMA batteries starting from the second half of 2021. The portion of