LG Chem, the nation's largest battery company, and China's CATL are playing a seesaw game for the top spot in the global electric vehicle (EV) battery market.CATL finished first with 19.2 GWh in battery use volume for EVs (EVs, PHEVs, and HEVs) from January to September 2020, beating LG Chem
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. Driven by expanding EV production capacity and new model launches, Tesla’s demand for rechargeable batteries is to continue increasing moving ahead. LG Chem is strengthening its influence in Tesla’s re
SK Innovation is growing rapidly in the electric vehicle (EV) battery market through aggressive investment. It increased its production capacity five times in a year, chasing the world’s top three battery makers –- Korea’s LG Chem, China’s CATL and Japan’s Panasonic. SK Innovation set the goal of ov
The proportion of Korean parts used in Apple's latest smartphone iPhone 12 is higher than that of U.S. parts.The Nihon Keizai Shimbun of Japan reported on Nov. 21 that a breakdown of the iPhone 12 by Formalhaut Techno Solutions in Tokyo showed that Korean parts took up the largest proportion of
LG Chem has been chosen as the sole battery supplier for Tesla’s Model Y to be mass-produced in China in early 2021.Model Y is a fully electric, mid-size SUV, with seating for up to seven. It is the second model Tesla produces at its Giga Factory in Shanghai, China, following Model 3.Tesla adopted c
Panasonic of Japan and SVOLT of China are moving to establish electric vehicle (EV) battery plants in Europe to challenge Korean battery makers, which are currently dominating the European market. Panasonic is the world's third-largest battery maker, while SVOLT is the third-largest battery make
Following Hyundai Motor, BMW and Ford, General Motors (GM) has also decided to recall its electric vehicles as fires took place in some of them. Although the cause of the fires has not been determined yet, the recall is unsettling to Korean battery manufacturers.GM has decided to recall 68,677 units
Samsung Electronics was ranked second in the smart home patent application rankings in the world in 2020. LG Electronics placed fifth ahead of big-name competitors such as Google, Apple and Sony.Samsung made 909 applications to take the second spot in the 2020 Global Smart Home Invention Patent Rank
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. In line with rising penetration of high-nickel batteries, demand for Chunbo’s electrolyte products should grow. The firm’s electrolytes are essential materials in extending battery life and enhancing p
LG Chem took the top spot in the global electric battery market during the January-September period with a 24.6 percent market share, SNE Research said on Oct. 30. The company’s battery shipment totaled 19.9 gigawatt (GWh) during the period.Samsung SDI placed fourth, up one notch from a year earlier
Samsung Electronics vice chairman Lee Jae-yong met with Vietnamese Prime Minister Nguyen Xuan Phuc in Vietnam on Oct. 20.According to local news outlets, they discussed an increase in investment related to battery and smartphone manufacturing and Samsung SDI may announce a plan to build an electric
The Korea Advanced Institute of Science and Technology (KAIST) announced on Oct. 14 that its research team led by professor Lee Seung-seop and Dr. Jeong Ji-hoon has developed an electrostatic atomization technique with which ultrafine water drops for killing the COVID-19 virus can be generated in qu
Market research firm SNE Research announced on Oct. 5 that the battery consumption of electric vehicles (EVs) registered in 76 countries around the world was 10.8 GWh in August this year, up 41.3 percent from a year ago. The battery usage increased for the second consecutive month.The use of CATL ba
Samsung and LG came first and third, respectively, on the list of global patent applications for battery technology, a survey said.Samsung applied for a total of 4,787 patents on battery technology from 2000 to 2018, ranking first in the world, according to the results of a joint study by the Europe
Samsung Display and LG Display are showing different moves in the LCD market.Samsung Display is planning to close down its LCD business by end of this year and concentrate its capabilities on the quantum dot (QD) OLED business. LG Display is employing a two-track strategy — LCD displays for IT devic
Rumors about LG Chem spinning off its secondary battery business have been going around steadily since the global electric vehicle (EV) market began to take shape in earnest. Every time such rumors surfaced, the company said that it has not decided on the matter yet.The spin-off has been continuousl
Samsung Display will supply quantum dot (QD) TV panels to Chinese companies ahead of Samsung Electronics as the Korean TV giant will not use QD panels in 2021.The QD panel or the QD-OLED panel is a flagship display that Samsung Display will produce after deciding to withdraw from the LCD business. S
The market has showed mixed responses to Nikola, a U.S. hydrogen electric car startup nicknamed “a second Tesla." Some call Nikola an “innovative company" but others view it as “an intricate fraud built on dozens of lies.” These opposite reactions are making Korean companies including LG Chem and Ha
Bodyfriend has emerged as the leader in the global massage chair market, which has been dominated by Japanese companies.Japan started producing massage chairs ahead of others more than 70 years ago. Back in 2007, when Bodyfriend was founded, Japanese brands, led by Panasonic, dominated the massage c
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. Tesla’s Roadrunner Project is expected to focus on low-cost and long-lasting technologies for rechargeable batteries. Rather than internalizing its battery production, Tesla will likely expand its coop