Top 10 lithium battery companies in Korea (2024)

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LG Chem is the largest producer of lithium battery in Korea and one of the leading battery manufacturers in the world. It’s leading the ESS(energy storage system) market with a wide range of power grids, commercial and residential uses, as well as UPS lithium battery. And offers cells, modules, BMS and pack products for electric vehicle, light electric vehicle, IT device, as well as wearable device and smart device.

Partner: Ford, Tesla, KOC, Honda, Stellantis

News:April 5, LG Chem announced that it has signed a business agreement with China’s lithium compound manufacturer Yahua Group to build a joint venture plant to produce lithium hydroxide in Morocco.

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Samsung SDI is a leading producer of rechargeable batteries for mobile devices, electric vehicles and ESS, offering small-sized lithium battery used on IT device, power device, garden tool, vacuum cleaner and trans device. Also offers battery cells, modules and packs for vehicles. And its ESS solutions has a wide range of utility, commercial, UPS, UES, resident and base transceiver station.

Partner: BMW, Audi, Mercedes-Benz, Volkswagen, ChryslerCorporation, Mahindra, Lucid Motors

News:April 2, Samsung SDI announced that it is building a new battery research and development center in Shanghai to improve its technological competitiveness in China.

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SK Innovation is a major energy and chemical company in Korea, and its battery business is focused on the development and production of high-energy-density batteries for global automakers’ electric vehicles and high-density cells, modules and battery management systems for energy storage systems. It also provides services for the entire battery life cycle including battery rentals, charging, recycling, and reuse.

Partner: Volkswagen, Ford, China Petroleum & Chemical Corporation, Daimle

News:March 23, SK Innovationinvested an extra $50 million in Amogy, a USA ammonia-based power system developer, to expand their business and commercialize their technology in Asia and Oceania.

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Hyundai MOBIS is a globally recognized automotive parts maker focusing on the automobile industry. And its battery business is focused on the manufacture and development of the BMS and pack products for electric vehicle batteries.

Partner: Vector, Velodyne, Hyundai-Kia, Hyundai-AutoEver

News:October 2022, Hyundai Mobis announced it will build a $205 million electric vehicle battery system assembly plant in Montgomery, which will supply more than 200,000 batteries annually to both the Hyundai plant in Montgomery and the Kia plant in West Point, Georgia.

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ECOPRO is a leading battery materials producer focusing on the development of eco-friendly core materials used on batteries, specializing in manufacturing cathode material precursors, a core material for lithium secondary cells.

Partner: Samsung SDI, SK On, Ford, GEM, Ioneer

News: March 10, SK Ecoplant announced the signing of a memorandum of understanding (MOU) with Ecopro and TES-AMM to collaborate on battery recycling in Europe. The agreement aims to establish a circular economy that secures a steady supply of waste batteries and defective products from the battery manufacturing process, giving the three companies an edge in the waste battery recycling industry.

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Soulbrain is a manufacturer of high tech industry core materials such as semiconductor, display and secondary battery cells. Its major product lithium battery electrolyte is widely applied on notebook PC, mobile phone, power tool, E-bike, Electric vehicle and energy storage system.

Partner: Samsung SDI

News:Dec 13, 2022, Soulbrain announced the plan to invest $75 million to construct and equip a 30,000-square-foot manufacturing facility on 22 acres and establish operations in Kokomo.

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Enertech International is a companyof full cycle production of own electrode, cell and battery system production base for coating electrodes of lithium battery.The products are mainly used on EV and ESS.

Partner: Renera

News:January 2023, Enertech International announced the plan to investKRW 35billion in the expansion of secondary battery plants in 2023. Through expansion, the production scale will be more than tripled.

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Kokam is a manufacturer for ESS, UPS, EV and lithium ion marine battery. It produces high power/ high energy cells and modules for EV applications to be used in commercial trucks, buses, trams, and heavy duty transportation, and also for ESS/UPS use.

Partner: Razzler, Shift Clean Energy

News:May 2022, SolarEdge Technologies and its subsidiary, Kokam, announced the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility located in Chungcheongbuk-Do, South Korea.

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Standard Energy is an advanced technology company designing and producing large-scale secondary batteries for energy storage systems. Their batteries are used for off-grid applications with renewable energy sources or for large scale integration with utility grids.

Partner: Softbank Ventures Asia, LOTTE Chemical

News:From January 5 to 8, 2023, Standard Energy participated in the CES 2023 held in Las Vegas, USA. They announced their plan to start mass production and commercialization of vanadium ion battery ESS as well as to diversify its applications from 2023.

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Sebang Battery has led the battery industry in Korea with the brand of ‘Rocket’ for over half century. It’s also one of the top five battery manufacturers exporting to more than 130 countries in the world. They mainly produce automotive battery, industrial battery and motive battery.

Their products are widely use on vehicle’s electric system, UPS, electrical communication system, factory automation system and power plant.

Partner: BMW, Volkswagen, Hyundai, Kia Motors, SsangYong

News: April 28, 2022, Sebang Battery won the bidding for Hyundai Motor’s new Grandeur electric vehicle. Hyundai Motor aims to release the Grandeur electric vehicle in the second half of 2023, and the contract period with sebang was eight years from 2022, with the contract value of around KRW 600 billion.