Korea Joongang Daily
Korea JoongAng Daily

Hyundai Motor Group to launch pilot EV battery subscription program

Hyundai Motor Group is launching a pilot project that allows EV batteries to be used on a subscription basis, instead of being owned by the car buyer, in a move aimed at lowering the cost of switching to electric vehicles.

2026-04-29

Samsung SDI finds profitability in Q1 on back of ESS battery drive

Samsung SDI, a major Korean battery manufacturer, said Tuesday it swung to a profit in the first quarter from a year earlier, driven by expanded energy storage system (ESS) sales.

2026-04-28

Mercedes inks battery deal with Samsung SDI, deepens cooperation with LG Energy

Samsung SDI will supply EV batteries to Mercedes-Benz, the Korean battery maker said Monday, marking its first contract with the German automaker after years of supplying its rival, BMW.

2026-04-20

LG Energy targets 50% productivity increase by 2028 through AI transformation

LG Energy Solution aims to boost productivity across its operations by 50 percent by 2028 through AI transformation.

2026-04-13

LG Energy Solution expects to post operating loss in Q1 due to fallout from Iran war

Battery maker LG Energy Solution expects to post an operating loss in the first quarter of this year due to the fallout from the Iran war.

2026-04-07

SK On and Hyundai Motor's U.S.-based joint battery venture gets new name

SK On has given its U.S. battery joint venture (JV) with Hyundai Motor Group the name Hyundai-SK Battery Manufacturing America (HSBMA), according to the Korean battery manufacturer on Friday.

2026-03-27

Samsung SDI, L&F ink battery material purchase agreement

Samsung SDI said Tuesday it has signed a purchase deal with L&F, a Korean battery material supplier, as it aims to expand its North American energy storage system business amid tighter U.S. rules on China-related supply chains.

2026-03-24

Gov't proposes improved EV battery information for customers to alleviate fire concerns

Customers will soon be able to check key information about batteries when purchasing an EV, such as the manufacturer and country of origin, the Ministry of Land, Infrastructure and Transport said Sunday.

2026-03-22

Korea, U.S. must strike together to beat China in battery race, says Factorial Energy CEO

Siyu Huang, CEO of Factorial Energy, emphasized the need for collaboration between Korea and the U.S. to compete against China's $1 billion investment in solid-state battery development.

2026-03-18

Samsung SDI vows to protect its prismatic battery tech at InterBattery expo

Samsung SDI warned that it will “not tolerate patent infringement or technological misappropriation” involving its prismatic battery technology, a design renowned for its structural safety that demands exceptionally advanced technical prowess.

2026-03-11