Samsung SDI plans on building the first LFP EV battery facility in South Korea

InterBattery 2026 opened at Coex in Seoul on March 11, drawing large crowds from the first day and highlighting the growing global interest in advanced battery technologies. Samsung SDI hosted the largest booth at the event and presented a wide range of solutions designed to support the rapidly expanding AI ecosystem. Operating under the theme "AI Thinks. Battery Enables," the company emphasized how next‑generation...

12 March 2026

SK On is preparing a wide showcase for InterBattery 2026, which will be held from March 11 to 13 at COEX in Seoul, presenting technologies that reflect its expanding role in the global energy landscape. The company will highlight solutions that go beyond electric vehicles, extending into energy storage systems, robotics, and next‑generation industrial applications. The exhibition is organized into three thematic...

12 March 2026

LG Energy Solution will assume full ownership of NextStar Energy after acquiring Stellantis’ 49 per cent stake in the joint venture, the companies announced today. The move marks a significant realignment in North America’s fast‑expanding battery supply chain and reinforces Canada’s position as a strategic hub for electric‑vehicle and energy‑storage manufacturing. Founded in 2022 by LG Energy Solution and...

6 February 2026

Samsung SDI has signed a memorandum of understanding with Korean automaker KG Mobility (KGM) to jointly develop next‑generation battery pack technologies centered on Samsung SDI’s 46‑series cylindrical cells, the companies announced this week. The agreement, formalised at a ceremony held at KG Tower, commits both firms to collaborative research and market strategy exchanges aimed at commercialising high‑capacity...

24 December 2025

Since 2022, the BMW Group and Solid Power, Inc. have intensified their collaboration to develop all-solid-state battery technology, advancing through a technology transfer agreement that recently culminated in the integration of Solid Power's large-format pure ASSB cells into a BMW i7 technology test vehicle. In October 2025, Samsung SDI joined the effort, forming a three-way collaboration that combines the...

31 October 2025

South Korea's LG Chem has been selected to supply cathode materials for Panasonic's battery production in North America, according to industry sources. This marks LG Chem's first direct deal with Panasonic, whose primary customer in the region is Tesla. Previously, LG Chem supplied cathodes to Prime Planet Energy & Solutions, a joint venture between Toyota and Panasonic. Panasonic operates a Gigafactory in Nevada...

23 October 2025

LG Energy Solution announced a new partnership agreement with General Motors (GM) for prismatic battery cell technology, marking an extension of the two companies’ solid 14-year battery technology partnership. Under this new definitive agreement, the companies will jointly develop prismatic battery cell technology and affiliated chemistries, and once the partnership comes to fruition, the prismatic cell technology...

4 December 2024

In April 2023, GM and Samsung SDI announced their joint venture will invest more than $3 billion to build a new battery cell manufacturing plant in the United States for the production of both prismatic and cylindrical batteries. However, the latest information coming from the project is that the 4680 cylindrical batteries will be excluded for now and the plant will focus on prismatic cells only. The companies have...

29 August 2024

LG Display showcases a series of ultra-large automotive display solutions at CES 2024. At its dedicated booth for automotive displays in the West Hall of LVCC, the company unveiled the world's largest automotive display - the 57-inch Pillar-to-Pillar (P2P) LCD - and the largest slidable panel - the 32-inch Slidable OLED. The 57-inch Pillar-to-Pillar (P2P) LCD covers the entire dashboard from the driver's seat to the...

10 January 2024

LG will hold a private demonstration for major automakers at CES 2024, introducing a new cross domain platform integrating Advanced Driver Assistance System (ADAS), Automated Driving (AD) and In-Vehicle Infotainment (IVI) technologies. Developed by LG in collaboration with Magna, a global mobility tech company, the game-changing future mobility platform is expected to arrive on the market in the near future...

4 January 2024

LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to the supply chain. LG Chem will invest around KRW 2...

28 December 2023

The Elec has learned that SK On is turning its attention to 4680 batteries. So far, the company has worked oned prismatic and pouch-type batteries for EVs and ESS. Industry insiders have revealed that the company has appointed staff that has previously focused on prismatic cells to a 4680-cylinder cells research team. It is by the advanced process development head Lee Seung-roh. A research production line is also in...

8 December 2023

LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC powered EV charging stations. According to LG Business Solutions USA's Senior Vice President Nicolas Min, the line will include Level 2 and Level 3 EV chargers, opening new opportunities for businesses, municipalities and other public places to support the electrification of...

17 November 2023

BASF and SK On have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific. The collaboration brings together strong business and product development capabilities to develop industry-leading battery materials for lithium-ion batteries. BASF and SK On's initial focus will be evaluating collaboration options for...

15 November 2023