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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.
The new vehicles will be produced at the Renault-Samsung facility in Busan, SouthKorea, with production forecast to begin in 2024. This collaboration marks a further step in efforts by the two automobile groups in producing low-emission models, as well as increasing their penetration in the Asian HEV markets.
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.
billion) to build hydrogen-producing facilities by 2030. KOGAS said demand for hydrogen in SouthKorea will reach 1.94 SouthKorea has been seeking to boost the hydrogen economy as a new growth engine. (KOGAS), the state-run natural gas supplier and a major global importer of LNG, plans to spend 4.7
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
Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. The City of Lancaster will host and co-own the green hydrogen production facility, according to a recent memorandum of understanding.
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. In September 2021, Gov.
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 Innovation has applied high energy density ternary materials to lithium-ion batteries for mass production.
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.
—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. Earlier post.)
SouthKorea-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.
million) into the production of electric wheel loaders from its plant in Arvika, Sweden. The Arvika factory specializes in the production of medium and large wheel loaders and has already been successful in driving down its carbon emissions. Volvo Construction Equipment (Volvo CE) will invest SEK 65 million ($6.3
The 60 Ah cells, in series production for European and US OEMs, offer the industry’s highest volumetric energy density currently, according to Samsung SDI. BMW builds the complete high-voltage battery packs for the BMW i3, BMW i8 and other future hybrid vehicles on an assembly line at BMW Plant Dingolfing. from 2012.
Photo: Panoramic view of LG Chem’s petrochemical complex in Yeosu, 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.
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.
Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. Hanwha Solutions owns Qcells , a major global producer of solar cells with manufacturing facilities in China, Malaysia, SouthKorea and the US.
Under most of the mass-production plans, the solid-state battery will likely take off after 2025, although small-scale production may happen even earlier, IDTechEX said. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and SouthKorea playing a significant role.
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. million units by 2030.
The new Clarksville plant will be the largest of its kind in the United States, covering 420 acres with a production target of 120,000 tons of cathode material annually by 2027 to power batteries in 1.2 Construction of the plant will begin in the first quarter of next year with mass production to start in the second half of 2025.
will end assembly of the Passat sedan in Chattanooga with model year 2022 as part of the plant’s transformation to build future electric vehicles. With the Atlas and Atlas Cross Sport in high demand, and the North American production launch of the all-electric ID.4 Volkswagen of America, Inc.
bp has successfully started oil production at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. bp now operates five production platforms in the deepwater Gulf of Mexico: Argos, Atlantis, Mad Dog, Na Kika and Thunder Horse. Earlier post.)
Business Korea reports that according to its industry and government sources, Samsung SDI and the Ulsan city officials are in talks regarding the expansion of the company's Ulsan plant with an LFP battery production line. This type of battery is less.
Kia Corporation, a Hyundai Motor Company brand, completed its first electric vehicle (EV) factory in SouthKorea amid a slowdown in the industry. The upgraded factory will launch production with the Kia EV3. The South Korean automaker renovated its factory in Autoland to build its new EV production facility.
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.
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.
The Korea Times reports that SB LiMotive, the 50-50 Li-ion joint venture between Samsung SDI and Bosch, will double its facility in Korea, while building a new factory in Europe. “By Currently, the Ulsan factory cannot supply batteries for more than 100,000 electric cars a year.
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.
says that it is accelerating the set-up of its joint-venture production facility in Norway with its partner Miljøbil Grenland. We are working closely with Electrovaya to set-up our Norwegian production to meet the European cell demand for the years 2010 to 2012. Electrovaya Inc. Miljøbil Grenland CEO Ivar Brynhildsvoll.
Once on stream, the facility will boost Malaysia’s total LNG production capacity to 26.9 Engineering of the hull and building of the FLNG facility will take place at Daewoo’s shipyard in Okpo, SouthKorea. mtpa from 25.7 mtpa currently.
billion in a new small car plant in Mexico, building a new manufacturing site in San Luis Potosi State. Vehicles produced in Mexico also serve customers in the US, Canada, China, Argentina, Bolivia, Brazil, Colombia, Chile, Paraguay, Peru, Uruguay and SouthKorea. Ford is investing US$1.6 Construction begins this summer.
LanzaTech uses non-food renewable resources to produce ethanol and also 2,3-Butanediol (2,3-BD), a key building block used to make polymers, plastics and hydrocarbon fuels. Its crude steel production for 2010 was 33.7 Posco is a Korean conglomerate with interests in steel, power, energy, engineering and construction. million tons.
Sumitomo Chemical will more than double its production capacity for lithium-ion secondary battery separators, marketed under the PERVIO brand name. The production at its Ohe Works in Niihama, Japan will be raised to approximately 1.3 Sumitomo Chemical aims to establish a business cluster based on the PERVIO products.
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.). Daelim Industrial.
If the infrastructure is built out, automakers will increase their production levels, which will result in major cost reductions—a “virtuous cycle” that will lead to a demand-driven market in the period after 2025. The company began small series production of its fuel cell ix35 (Tucson) sport utility vehicle (SUV) in early 2013.
LG Energy Solution (LGES) and Samsung SDI are nearing the mass production of Tesla’s 4680 cell design. Samsung SDI aims to start mass production on the 46-series cylindrical battery by early 2025. The South Korean battery supplier accelerated its timeline for the 4680 cells by over a year.
Tesla has begun building out its first store in the Philippines, after job listings in the country were recently spotted. company last year launching in Malaysia , Thailand , and SouthKorea, and a year earlier in Japan, Singapore, and on the island of Taiwan. Tesla has launched EV sales in a few nearby regions, with the U.S.
The BMW Group is launching a unique project that will see cars maneuver around production without requiring a driver. To make this happen, the BMW Group has been collaborating with Seoul Robotics from SouthKorea and Embotech from Switzerland. After a product demonstration, Embotech was welcomed on board as well.
One of the candidates left in the running is located in central Illinois near Rivian’s production facility in Normal. 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.
JR ES has announced the initial groundbreaking for its first production facility in SouthKorea, which is planned to start initial production from Q4 of 2023. Last month, Enevate announced that it had licensed its silicon-dominant XFC-Energy battery technology to JR ES for future products and applications.
Australia is the largest lithium exporter in the world, accounting for 46% of the world’s lithium production in 2021. Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24. billion in 2021–22 to $16.1
WiTricity, a pioneer in wireless power transfer over distance, has entered into licensing and technology transfer agreements with Green Power, a leading SouthKorea-based supplier of power electronics and high power wireless charging systems for various applications.
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. In 2008, GM Daewoo sold in Korea and exported more than 1.9
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