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Sharp drop in EcoPro's profits frightens Korean battery industry

Three listed companies of EcoPro Group estimated their third-quarter operating gains to have fallen short of the market consensus, causing greater concerns over the Korean electric vehicle (EV) battery industry’s profitability this year. ....

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EcoPro vows to accelerate closed-loop EV battery recycling

South Korean battery materials manufacturer EcoPro said Friday it will boost its closed-loop electric vehicle battery recycling business amid rising concerns over battery waste disposal. Closed-loop recycling refers to the process that can convert a used product back into raw materials to create a new version of the same product. EcoPro operates a battery recycling value chain called Eco-battery Pohang Campus in Nort. ....

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