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Geely and Renault partner in South Korea to build hybrid and ICE vehicles

Green Car Congress

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.

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IDTechEX: solid-state battery market will grow to $8B by 2031

Green Car Congress

A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and South Korea playing a significant role.

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

Green Car Congress

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

Green Car Congress

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

Green Car Congress

The new facility will have a capacity in place to build more than 50,000 engines per year at full production. The joint venture engines will power Hyundai equipment in markets with high growth potential such as Russia, the Middle East, Africa and Southeast Asia. HCEC will supply engines spanning the MidRange 5.9-liter liter to 8.9-liter

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Tesla Model S & Model X make first appearance in South Korea

Teslarati

Now, Tesla has finally launched both of its top-of-the-line models in South Korea, with showings available at South Korean stores today. It remains unclear when the new models will be delivered to the new market, but they are expected later this year if not this quarter. 오늘부터 Tesla 스토어에서 만나볼 수 있습니다. Tesla 제주 스토어 제외.

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

Green Car Congress

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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