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...A $441mn investment last month by Korean metals giant Posco in a nickel smelting plant on the Indonesian island of Halmahera has taken South Korea’s hard-cash dealmaking in the south-east Asian country to...
...Last week, for example, South Korean group LG Chem announced a $3bn investment in a battery plant in Tennessee....
...A version of this article was first published by Nikkei Asia on October 28 2022. ©2022 Nikkei Inc. All rights reserved....
...This would be the case even if Tesla made its own battery cells and purchased more from rivals such as South Korea’s LG Chem and China’s CATL....
...Parent LG Chem will retain an 81.8 per cent stake in the battery unit after the listing. Analysts expected short-term volatility in LGES shares given the limited share float....
...While Panasonic used to be Tesla’s sole battery supplier, the US group has begun developing its own batteries and adding to its purchasing partners with South Korea’s LG Chem and China’s CATL to support...
...Earlier this month, the group’s battery-making affiliate LG Chem spun off its EV battery and energy storage business into a standalone unit....
...Beyond Hyundai and its parts-making affiliates, South Korea is the world’s largest producer of batteries for electric vehicles via LG Chem, Samsung SDI and SK Innovation....
...The comments by Kazuhiro Tsuga come as Tesla begins developing its own batteries and expands its purchasing partners to South Korea’s LG Chem and China’s CATL to support growing sales of its electric vehicles...
...China’s Contemporary Amperex Technology had its market cap more than triple to $111bn, while South Korea’s LG Chem saw its value soar 2.5 times....
...Previously, Tesla’s Chinese operation started procuring batteries from South Korea’s LG Chem and other suppliers....
...ImmunityBio The California-based biotech founded by billionaire Patrick Soon-Shiong is testing four delivery methods for its new vaccine — a jab, capsule, pill to take under the tongue, and a nasal spray...
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
...LG Chem Sector: chemicals / HQ: Seoul, South Korea LG Chem controls about a quarter of the electric vehicle battery market, up from 10 per cent in 2019....
...Panasonic is the second largest, and South Korea's LG Chem, a big supplier to European automakers, is the third. All three are working hard to develop next-gen power sources....
...Walmart was forced to close stores in countries including South Africa, while Flipkart, its Indian ecommerce business, was hit by restrictions on non-essential deliveries....
...He said Panasonic was “not too concerned” about losing exclusivity after Tesla signed deals with South Korea’s LG Chem and China’s CATL....
...That in turn could awaken a giant with even greater potential if the Netflix-Amazon-Disney streaming wars continue to spray around financial ordnance....
...In the document, Kilar declared that “nothing less than brain-spray awesome quality will do” (he sometimes promised to shave his hair when targets were met)....
...He was replaced with Chung Ho-young, president of affiliate LG Chem....
...LG Chem Sector: chemicals / HQ: seoul, south korea Key stat: Has more than a third of the electric vehicle battery market, up from 10 per cent last year....
...Northvolt faces competition from Asian groups setting up factories in Europe such as South Korea’s LG Chem and China’s CATL, which are building plants in Poland and Germany respectively....
...Subscribe | Group subscriptions BYD has good reason to fear the prospect of competing with no subsidies as it still lags behind foreign rivals like Japan’s Panasonic and South Korea’s LG Chem in technology...
...With its second Chinese plant, LG Chem will have five production lines for EV batteries around the world — two in China and one each in South Korea, the US and Poland....
...LG Electronics, the South Korean conglomerate famous for flatscreen TVs and washing machines, is planning an altogether racier project in autonomous vehicles....
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