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People

Samsung SDI wins government awards for cathode materials in-house push, high-safety battery development

Two Samsung SDI researchers have received government citations for contributions to the development of South Korea\'s battery industry, the company said. Kim Young-gi (김영기) won a prime minister\'s award for work on cathode materials, including in-house production of lithium cobalt oxide and development of lithium iron phosphate for energy storage systems. Yoo Hee-eun (유희은) received an industry minister\'s award for leading development of a high-safety battery and high-density electrodes.

Industry

SK On posts 80.5 billion won Q3 operating loss, down 35.5 percent year on year

SK On is seeking to improve profitability by winning energy storage system orders in North America and securing an LFP supply chain. SK Innovation said SK On posted third-quarter revenue of 1.53 trillion won and an operating loss of 80.5 billion won. Revenue fell 23.0 percent from a year earlier, while the operating loss narrowed from 124.8 billion won. SK Innovation reported a record quarterly operating profit.

Industry

China tightens policy on reuse of retired EV batteries to boost safety

China is moving away from policies that encouraged the reuse of electric vehicle batteries and is strengthening safety and quality controls. It has excluded cascade use of retired EV batteries from its existing management system and scrapped a separate recognition scheme for related companies. The Ministry of Industry and Information Technology also ordered a revamp of promotional and support activities and banned reusing retired vehicle batteries in electric bicycles.