POSCO SAW A RECORD INCREASE IN NET PROFIT BY 162% IN Q1

Highlights –

• POSCO saw a record increase in net profit by 162% in Q1.
• Net profit for the three months that ended in March soared to US$1.02 billion.
• The company’s operating profit in Q1 rose 1.55 trillion won.
• POSCO r...

SK INNOVATION BATTERY OF HIGHEST QUALITY WITH IMPECCABLE SAFETY STANDARDS

• SK Innovation is concentrating on emphasizing safety of its electric vehicle (EV) batteries as global battery makers are coming to terms with safety issues after numerous EVs caught fire around the world.
• SK Innovation on Wednesday took part in the InterBattery 2020 exhibition ...

LOTTE ALUMINIUM BOOSTS CATHODE FOIL OUTPUT TO MEET EV BATTERY DEMANDS

• Lotte Aluminium said Monday it has raised production capacity of its cathode foil plant in Ansan, Gyeonggi Province in answer to urgent need for electric vehicle batteries.
• According to the South Korean packaging material company, it infused 28 billion won ($23.7 million) into ...

NISSAN MOTOR CO. JOINS HANDS WITH AMERICAN ELECTRIC POWER TO REUSE EV BATTERIES

Highlights:

• The project aims to reduce costs by reusing spent EV batteries
• The test was conducted using Nissan Leaf battery in a laboratory at Australia and Japan

American Electric Power and Nissan Motor Co., have conducted a pilot s...