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Renault and Geely sign MOU on joint cooperation in China and South Korean Markets focused on hybrids

Green Car Congress

Renault Group and Geely Holding Group, China’s largest privately-owned automotive group, announced an MoU framework agreement to create a cooperation focused on China and South Korea as initial key core markets. The focus will be on hybrid vehicles in the fast-growing Asian markets.

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Roskill: Yahua-Tesla deal indicative of increasing capability and numbers of Chinese lithium convertors

Green Car Congress

Until recently, there have been only five Chinese mineral-based convertors supplying or scheduled to supply battery-grade lithium hydroxide to the overseas market: Ganfeng Lithium, Tianqi Lithium, Zhiyuan Lithium, General Lithium, and Yahua Lithium.

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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. The three companies together will spend up on 1.21

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JATO: 2018 record year for EVs; sales up 74% to 1.26M units; overall market stable, as SUVs rule

Green Car Congress

It was one of the highest increases among all car categories on the global market, which can be explained by several factors, JATO said. Chinese demand for EVs soared throughout 2018, as the car-type gained more visibility among consumers, due in part to their promotion by local governments for their environmental impact.

2018 273
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Kia & Hyundai unfazed by BYD’s EVs in South Korea

Teslarati

Kia and Hyundai are unfazed by BYD’s electric vehicles launching in South Korea. Earlier this month, Chinese automaker BYD announced it would enter South Korea’s passenger car market in 2025. BYD entered South Korea’s commercial car market in 2016 but has yet to launch a passenger car there.

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South Korea EV registration jumps in 2022

Teslarati

The Ministry of Land, Infrastructure, and Transport in South Korea has announced that EV registrations in the country have jumped by 72.7% South Korea has not seen the EV boom of the Chinese car market , more closely resembling the Japanese market, where electric vehicles have yet to catch on.

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Axion International signs LOI to form global JV with Sicut Holding to target $8B railroad tie market with recycled structural composites

Green Car Congress

Ltd) to establish a global joint venture to capitalize on the world-wide railroad tie market through the manufacture and sale of Recycled Structural Composite (RSC) ties/sleepers utilizing their respective geographic licenses from Rutgers University. The joint venture will be 65% owned by Axion and 35% owned by Sicut.