Overview

Major battery makers see steady drop in plant operation rates in South Korea

Major battery makers see steady drop in plant operation rates in South Korea

Major battery makers reported a continued decrease in factory utilisation rates in the first half due to waning global demand for electric vehicles (EVs), data showed on Friday.

In its semiannual report, industry leader LG Energy Solution Ltd. (LGES) said its production capacity stood at 20.1 trillion won (US$14.5 billion) in the first six months of this year, with an average plant capacity utilisation rate of 51.3 percent.

The figure has steadily declined from 73.6 percent in 2022 to 69.3 percent in 2023 and 57.8 percent last year, reports news agency.

Samsung SDI Co.'s operation rate of plants for small batteries fell to 44 percent in the January-June period from 58 percent last year, according to the company's semiannual report. Although the report does not disclose rates for its plants for medium-sized and large batteries, their utilization rates are also assumed to have declined.

SK On Co.'s operation rate, in contrast, rebounded to 52.2 percent in the first half from 43.6 percent last year, which had marked a steep drop from 87.7 percent in 2023.

Chris Woakes provides a positive update on his shoulder injury ahead of the Ashes

Chris Woakes provides a positive update on his shoulder injury ahead of the Ashes

After a highly competitive Test series against India, England have turned their focus to the Ashes tour of Australia later this year, with pacer Chris Woakes providing an encouraging update on his fitness.

Extremely tragic: Kharge, Rahul, Priyanka express grief over Kishtwar cloudburst tragedy

Extremely tragic: Kharge, Rahul, Priyanka express grief over Kishtwar cloudburst tragedy

Congress President Mallikarjun Kharge, Leader of Opposition in the Lok Sabha Rahul Gandhi

Bihar: ED conducts raids in illegal liquor case; seizes Rs 75.6 lakh cash

Bihar: ED conducts raids in illegal liquor case; seizes Rs 75.6 lakh cash

The Enforcement Directorate of Patna Zonal Office conducted search operations at seven locations in Gurugram, Ranchi, Naharlagun, Namsai, and Muzaffarpur in connection with a case of illegal liquor supply in Bihar.

Rs 29.75 crore bank fraud: ED restores properties worth Rs 12.79 crore to liquidator

Rs 29.75 crore bank fraud: ED restores properties worth Rs 12.79 crore to liquidator

The ED has restored properties valued at Rs 12.79 crore to the liquidator of a company involved in a Rs 29.75-crore fraud against Punjab National Bank, an official said on Thursday.

Mithali backs India to win maiden Women’s ODI World Cup title if they seize key moments

Mithali backs India to win maiden Women’s ODI World Cup title if they seize key moments

Former India captain Mithali Raj believes a maiden ICC Women’s ODI World Cup title is within the current team's reach if they are able to seize key moments during the tournament starting on September 30

BMW India to raise prices by up to 3 pc from September

BMW India to raise prices by up to 3 pc from September

BMW Group India on Thursday announced it will increase the price of its cars by up to 3 per cent across its range.

India’s GDP growth to stay robust amid fiscal consolidation, friendly policies: Economist

India’s GDP growth to stay robust amid fiscal consolidation, friendly policies: Economist

India's economic expansion and its GDP growth are clearly on the right path despite geopolitical turbulence and tariff uncertainties, and this is showing in numbers too, economist Akash Jindal said on Thursday.

Vodafone Idea’s net loss widens to Rs 6,608 crore in Q1

Vodafone Idea’s net loss widens to Rs 6,608 crore in Q1

Vodafone Idea’s losses grew in the June 2025 quarter (Q1 FY26) as the telecom operator reported a net loss of Rs 6,608 crore, compared to Rs 6,432 crore in the same period previous fiscal (Q1 FY25).

Indian team completes 10-day preparatory camp ahead of Women’s ODI World Cup

Indian team completes 10-day preparatory camp ahead of Women’s ODI World Cup

The Indian women’s team has completed a 10-day preparatory camp at the BCCI Centre of Excellence, with a focus on preparing well for the upcoming Women’s ODI World Cup, set to happen from September 30 to November 2.

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