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...Korea Zinc has also formed a joint venture with South Korea’s LG Chem for precursor production and is in talks with Singapore-based Trafigura for co-operation on nickel refining....
...Apple is working with Korean display makers Samsung and LG on this second-generation headset....
...Samsung and LG declined to comment on their co-operation....
...The rankings of the smartphone market have changed beyond recognition since Samsung took the top spot in 2011, when Nokia, LG and BlackBerry led the market....
...Samsung and fellow South Korean display maker LG still enjoy a technological edge in top-end organic light-emitting diode displays, but this may not last for long....
...This week’s trading update from world-leader Contemporary Amperex Technology Co. Ltd. proved those wrong. The battery group’s full-year earnings should handily beat analyst expectations....
...China’s CATL and BYD are the biggest EV battery providers, while SK On is the world’s third-largest non-Chinese supplier, behind South Korean rival LG Energy Solution and Japan’s Panasonic....
...South Korea’s three leading battery producers — LG Energy Solution, Samsung SDI and SK On — have all declared their intention to develop such cells by the late 2020s....
...In May, the chief financial officer of LG Chem, the parent of LG Energy Solution, told investors its working assumption was that the US government would apply the same definition of “foreign entities of...
...LG told the FT that it could not confirm if it had been represented at the November meeting....
...The joint venture with Samsung follows a recall of 140,000 Chevrolet Bolts in 2020 after flaws in batteries manufactured by LG Chem caused fires in several Bolt vehicles....
...Fujian-based CATL, formally Contemporary Amperex Technology Co. Ltd, is the world’s largest maker of midsize and large batteries for electrified vehicles....
...The factory is owned by Ultium Cells, a joint venture between General Motors and South Korean group LG Chem located near the US carmaker’s former Lordstown assembly plant....
...South Korea’s LG Energy Solution is building a $1.1bn battery cell plant while carmaker Hyundai opened its first south-east Asian plant to assemble electric cars last year....
...Panasonic and LG meanwhile rub shoulders as Tesla’s main battery suppliers....
...Korea’s LG Energy Solution and Japan’s Panasonic recorded growth of less than 10 per cent in the first 11 months of 2022, the SNE data show, with BYD displacing LG as the world’s number two producer....
...The joint venture, where LG will hold 51 per cent and Honda 49 per cent, aims to begin construction early next year....
...On Monday, it overtook LG Energy Solution to win its position as the world’s second biggest electric-car battery supplier....
...The editorial team can be reached at techasia@nex.nikkei.co.jp...
...In September, the group’s EV battery unit sales volume surpassed those of South Korea’s LG Energy Solution as the world’s second-biggest electric car battery supplier, behind Chinese company CATL....
...The new plant was announced after Stellantis and LG Energy Solution announced a $4.1bn joint venture in March to build an EV battery plant in Canada....
...According to Seoul-based SNE Research, BYD has outpaced LG Energy in terms of monthly market share since April....
...The IPO, the world’s biggest deal this year, attracted bids from institutional investors worth $13tn this month, according to the co But the company’s market capitalisation of Won108.6tn ($90bn) is dwarfed...
...Friday: Earnings in Asia from Sony in Japan and LG Electronics in South Korea....
...LG will open a lobbying office in Washington next year, after its battery-making unit LG Energy Solution was embroiled in a multibillion-dollar legal dispute with domestic rival SK Innovation that threatened...
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