S. Korean battery makers' R&D investment up 12.5% in Jan.

컴퓨터 2023-12-01 18:00:28 1

South Korean battery makers' combined research and development investment this year has climbed over 12 percent on-year despite a slowdown in global demand for electrified vehicles, industry data showed Sunday.

According to latest quarterly reports of LG Energy Solution Ltd., Samsung SDI Co. and SK On Co., their combined R&D investment during the January-September period amounted to 1.78 trillion won ($1.38 billion), up 12.5 percent from 1.58 trillion won for the same period of last year.

Of the three companies, Samsung SDI was the biggest R&D investor, with cumulative expenses up 6.7 percent to 836.4 billion won during the first nine months of 2023.

LG Energy Solution spent 730 billion won on R&D this year, marking a 15.2 percent increase compared to the same period last year. SK On's spending jumped 29.6 percent on-year to 220.7 billion won.

Local battery companies are focusing on strengthening R&D efforts, with a particular emphasis on developing high-capacity, high-safety and long-lasting batteries, as well as enhancing the development of price-competitive lithium iron phosphate and cobalt-free batteries. (Yonhap)




Cheong Wa Dae to open for winter night stroll event

N. Korean envoy vows stronger 'self

[Our Museums] Gyeonggi Ceramic Museum shows artistic essence of ceramics throughout history

[Herald Interview] Forever is not impossible: Oneus aspires to global reach with 'La Dolce Vita'

Jeju's autonomy is model for Western Sahara: Morocco

Foreigners ditch sluggish Korean stocks

Revamped Genesis GV80 and first coupe sibling unveiled

S. Korean fencer Oh Sang