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SK On, EcoPro Materials and GEM to build battery precursor plant in South Korea

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SK On will partner with Korea’s largest cathode material company EcoPro, and Chinese battery materials producer GEM to build a battery core material production facility in Saemangeum, South Korea. SK On has been actively building various cooperative relationships to strengthen the raw material supply chain.

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Hyundai and Cummins form JV to build MidRange engines in South Korea

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The HCEC joint venture operation will be located in the city of Daegu, Korea, with engine manufacturing to commence in 2014. The new facility will have a capacity in place to build more than 50,000 engines per year at full production. HCEC will supply engines spanning the MidRange 5.9-liter liter to 8.9-liter

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Volvo Cars inaugurates new battery assembly line at Ghent manufacturing plant

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Volvo Cars formally inaugurated a new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year. —Geert Bruyneel, head of global production operations. Volvo XC40 Recharge powertrain.

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Volvo Construction Equipment investing $7.8M in battery pack production at excavator plant

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Volvo Construction Equipment (Volvo CE) announced an investment into battery pack production at its excavator plant in Changwon, South Korea. The Changwon plant in South Korea specializes in the production of excavators and is the biggest excavator production site in Volvo CE. With the SEK 80-million (around $7.8-million)

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SK Innovation to build $1.67B EV battery manufacturing plant in Georgia

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South Korea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. SK Group has been building relationships within the United States for decades.

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Korea Gas Corporation to invest $4B in hydrogen production and distribution by 2030

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Korea Gas Corp. KOGAS), the state-run natural gas supplier and a major global importer of LNG, plans to spend 4.7 billion) to build hydrogen-producing facilities by 2030. KOGAS said demand for hydrogen in South Korea will reach 1.94 South Korea has been seeking to boost the hydrogen economy as a new growth engine.

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South Koreas POSCO and SK Energy to Develop Coal to Synthetic Natural Gas

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South Korea-based POSCO, a global steel producer, and SK Energy Co., Domestic production of synthetic natural gas is expected to substantially reduce Korea’s dependence on imported liquefied natural gas. POSCO plans to build a coal-to-SNG plant by 2013 with an annual production capacity of 500,000 tons.