Author: Triyas Agus

South Korea’s secondary battery industry, on the cusp of reaching an annual export milestone of US$10 billion, has experienced a slowdown in its growth trajectory. This deceleration is attributed to a decline in battery demand following a slump in electric vehicle (EV) demand, coupled with the relocation of production bases by domestic battery manufacturers to Europe and the United States, resulting in a dip in exports. According to the Ministry of Trade, Industry and Energy on Feb. 4, South Korea’s secondary battery exports totaled US$9.83 billion last year, marking a 1.6% decrease from the previous year. This marks the first…

LG Chem has secured a 25 trillion won ($19 billion) deal with General Motors (GM) to supply electric vehicle (EV) battery materials, the Korean company announced on Wednesday. Under the agreement, LG Chem aims to provide 500,000 tons of cathodes between 2026 and 2035, sufficient for the production of batteries for 5 million high-performance EVs capable of traveling at least 500 kilometers per single charge. See also: LG Chem and Huayou Group Announce Ambitious Partnership in LFP Cathode Materials Business Cathodes, a crucial component in EV batteries, account for more than 40 percent of battery costs. The cathodes will be…