This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. The Ghent plant will provide important learnings to other manufacturing sites in terms of process optimisation and efficiency.
SouthKorea-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.
Zhejiang Geely Holding Group and Renault Group have signed a cooperation agreement to launch all-new vehicle lineup for the South-Korean market. Renault-Samsung Motors (RSM) will manufacture Hybrid Electric and Internal Combustion Engine Vehicles in Busan for the local market and for export.
have formed a 50/50 joint venture partnership to manufacture MidRange engines in Korea extending from 150 hp to 300 hp (112-224 kW) output for application in a wide range of Hyundai construction and industrial equipment. The launch of the Hyundai Cummins Engine Company (HCEC) joint venture took place in Ulsan, Korea. liter to 8.9-liter
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, SouthKorea. SK On has been actively building various cooperative relationships to strengthen the raw material supply chain.
Boston-based SES AI Corporation, a developer of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles and other applications, has incorporated its subsidiary SES Korea and plans to build a pre-production facility in SouthKorea. It’s all about speed and winning the race.
Volvo Construction Equipment (Volvo CE) announced an investment into battery pack production at its excavator plant in Changwon, SouthKorea. The Changwon plant in SouthKorea 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)
LOTTE Chemical announced a joint venture with LOTTE Aluminium to build a manufacturing facility in Elizabethtown, Kentucky to produce 36,000 tons of cathode foil, a type of ultra-thin aluminum foil that is a core material used in EV batteries. Cathode foil is one of the four major components of lithium-ion batteries.
—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. The subsequent production of lithium hydroxide will take place in SouthKorea.
—which intends to become a silicon anode materials supplier to the EV industry— entered into a Memorandum of Understanding (MOU) with South Korean silicon powder manufacturer, Korea Metal Silicon Co., Korea Metal Silicon Co.
Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, and SK materials, one of the world’s top manufacturers of special gases and industrial gases, are forming a joint venture to build a factory for lithium-silicon battery materials in SouthKorea.
LG Chem will start replacing fossil feedstock commonly used in the manufacturing of polymers and chemicals with Neste Renewable Hydrocarbons in the upcoming months. LG Chem will start replacing fossil feedstock commonly used in the manufacturing of polymers and chemicals with Neste Renewable Hydrocarbons in the upcoming months.
In October, Doosan and Ceres announced a strategic collaboration which includes the building of an initial 50MW manufacturing facility for the manufacture under licence of Ceres’ fuel cell stacks in SouthKorea. Earlier post.).
Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and SouthKorea playing a significant role. US and European countries are now competing, shifting the added values away from East Asia and building battery manufacturing close to the application market.
Describing its product goals and tracking progress toward its 2020 manufacturing priorities in its 2012 Sustainability Report , General Motors reaffirmed its commitment to further reduce the energy used and the environmental impacts of building and operating an automobile. Manufacturing energy use and emissions. MWh/vehicle.
LG Chem today has signed a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility in Clarksville with an investment of US$3.2 LG Chem applied this technology for the first time to its fourth cathode manufacturing site in Cheongju, SouthKorea with much success.
billion to build Ultium Cell LLC’s third US battery cell plant in the city of Lansing and Delta Township, a joint venture between GM and LG. The Holland investment will fall under the LGES entity, which recently completed a record-breaking IPO in SouthKorea. million; and.
JR ES develops and manufactures high-performance lithium-ion battery electrodes with a novel electrode and battery cell foundry model, enabling lithium-ion cell manufacturers and other partners to produce tailor-made electrodes and cell solutions.
Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. The MOU was signed by LGES and three subsidiaries under Hanwha Group—Hanwha Solutions, owner of clean energy manufacturer Qcells, Hanwha Corporation/Momentum and Hanwha Aerospace.
billion to produce electric vehicles at a new factory in SouthKorea. Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. million units by 2030. The planned 1.44
SouthKorea’s presidential office revealed that President Yoon Suk-Yeol and Elon Musk conversed about Tesla in a video call on Wednesday, November 23. During the video call, Elon Musk reportedly told President Yoon that he considered SouthKorea one of the top candidates for a Tesla factory in Asia, reported Reuters.
Kia is betting big on electric vans, and it's jumping in with plans to build a new factory within its existing Hwaseong, SouthKorea, manufacturing complex dedicated to the production of them.
billion in a new small car plant in Mexico, building a new manufacturing site in San Luis Potosi State. This investment comes during Ford’s 91 st year in Mexico, including manufacturing vehicles since 1925. Mexico is Ford’s fourth-largest vehicle manufacturing site for global customers—behind the US, China and Germany.
Benchmark’s Tier One producers of automotive-grade lithium-ion battery cells—as of its February 2022 assessment—are: Panasonic (Japan); Samsung SDI and SK Innovation (SouthKorea); Envision AESC, CATL, and BYD (China). Benchmark cautions that capacity does not necessarily equal reliable supply for the EV industry.
Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies to reinforce relationships with SouthKorea, expand international operations, and support the region’s energy security with the expansion of Arabian crude oil supply to Asian markets. Earlier post.). Hyundai Oilbank.
a SouthKorea-based manufacturer of low speed electric vehicles (LSVs) plans to build a range of electric vehicles in the US, beginning with its e-Zone and c-Zone low speed electric vehicles. CT&T United, the US subsidiary of CT&T Korea, Ltd., CT&T United, the US subsidiary of CT&T Korea, Ltd.,
The investment from Volvo Group will allow the Arvika factory in Sweden to expand its facilities with a new building and allow for the phased introduction of new electric wheel loaders. Building work is set to begin later this year, with further announcements on when production will begin to come.
Samsung SDI has narrowed down the locations for its potential battery manufacturing plant in the United States. The delegation came from [South] Korea this week. Dan Brady stated that the Samsung battery factory is expected to employ up to 3,200 people if it chose to build in Illinois. Rivian’s $5 billion U.S.
billion) investment in its domestic battery production base in Seosan, SouthKorea, paving the way for the completion of a core infrastructure that will fortify Korea’s domestic electric vehicle battery industry. SK On will make a KRW 1.5-trillion trillion (US$1.1-billion)
SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.
Tesla, LG Energy, and Samsung are among a group of large battery manufacturers that have been invited to a recruitment summit by India, which wants to encourage cell production efforts to enter its market to develop a domestic supply chain for clean transportation and electric vehicles. The country is prepared to offer $2.4
GM Daewoo Auto & Technology is considering producing a hybrid vehicle in 2011 in SouthKorea. Researchers from GM headquarters and GM Daewoo are carrying out projects to build eco-friendly cars, including a hybrid vehicle,” said the official at GM Daewoo. GM Daewoo Auto & Technology. was established on October 17, 2002.
US predominance in science and technology (S&T) eroded further during the last decade, as several Asian nations—particularly China and SouthKorea—rapidly increased their innovation capacities. China tripled its number of researchers between 1995 and 2008, whereas SouthKorea doubled its number between 1995 and 2006.
China currently hosts 75% of all battery cell manufacturing capacity and 90% of anode and electrolyte production. This year, the changes in the overall rankings were mostly driven by the greater access to several key raw materials and manufacturing capacities domestically. —Ellie Gomes-Callus, metals and mining analyst at BNEF.
Wanxiang is a diversified manufacturing enterprise with interests in equipment and automotive parts manufacturing, where it has become one of the largest global suppliers, clean energy, financial services, agricultural products, natural resources, real estate and investments.
The Miljøbil Grenland joint venture, of which Electrovaya is a shareholder, is establishing a Lithium Ion SuperPolymer cell and battery pack manufacturing facility in Norway to meet the emerging demands of electric vehicles, including the Tata Motors Indica EV. Electrovaya Inc. Tata Motors is also a shareholder in this joint venture.
The EV manufacturer has already established a good business relationship with the state government of Nuevo Leon. Another benefit to building in Mexico is that Tesla vehicles would still qualify for EV subsidies in the United States from the Inflation Reduction Act (IRA). For Tesla, we want them to build electric cars in Indonesia.
LG Energy Solution (LGES) plans to start hiring workers for the Arizona battery manufacturing complex by the end of 2024. billion battery manufacturing complex. LGES added that it Tesla 4680 battery production by LG starting later this year LGES is building two manufacturing facilities in Arizona.
a storage solution and battery materials company based in SouthKorea. Yulho is currently building a high-purity black mass facility with an annual capacity of 8,000 metric tonnes, the largest in SouthKorea, and expects to commence production later this year, with plans to expand to 24,000 tonnes of capacity in the future.
Cathode manufacturers are worried about the availability of raw materials and the possibility of shortages of critical metals like lithium, nickel and cobalt, while anode producers are more concerned with the underlying nature of the feedstock. Battery manufacturers are frantically building production capacity to meet demand.
The CHIPS and Science Act , aimed at kick-starting chip manufacturing in the United States, only began taking requests for pieces of its US $50 billion in March, but chipmakers were already gearing up beforehand. Taiwan Semiconductor Manufacturing C o. Now that we’re bringing manufacturing back to [U.S.]
Despite the spread of new battery manufacturing capacity into Europe and the US, Asia remains the major source of demand for lithium. Production from lithium hydroxide refineries is forecast to steadily build, lifting total annual lithium export revenue to an estimated $16 billion in 2022–23 and $17 billion in 2023–24.
the Japan-based parent company of the specialty chemicals manufacturer Toyo Ink Group, announced the official opening of a new wholly-owned manufacturing subsidiary, Toyo Ink Hungary LLC, in Ujhartyan in Pest County, Hungary. The production facility is operating in a 5,964 m 2 building on 44,806 m 2 of land.
To make this happen, the BMW Group has been collaborating with Seoul Robotics from SouthKorea and Embotech from Switzerland. For the startups, this offers valuable insights into automotive processes, an opportunity to build up networks in the industry, and support with the further development of their business plans.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content