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Materials

South Korean materials makers ramp up output for EV batteries

Chemical units of Lotte, LG and POSCO spend heavily, chasing Chinese rivals

The InterBattery expo in Seoul opened Thursday with 250 battery firms participating. (Photo by Kotaro Hosokawa)

SEOUL/GUANGZHOU -- As thousands filled the aisles to kick off this year's InterBattery industry expo in Seoul, three booths stood out among the 250 participants for their large size.

The three booths belonged to LG Energy Solution, SK Innovation and Samsung SDI -- South Korea's largest battery manufacturers -- and associates from each held a flurry of discussions with material and equipment suppliers who were among the 12,000 people who attended the event on Thursday.

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