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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.
All car manufacturers seem to be following in the same footsteps as Tesla. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% in the April report for the Institute for Supply Management’s Manufacturing Index.
The Electrified GV70 is the third electric vehicle added to the Genesis lineup; its global premier was at Auto Guangzhou 2021. Production of the Electrified GV70 is expected to start this December at the brand’s Montgomery, Alabama manufacturing facility. Earlier post.).
In 2021, A&P has recorded annual revenues of CAD $70M with its automotive parts business, and its related company, Yongsan, generated automotive parts manufacturing revenues of CAD $600M in 2021. a wholly owned subsidiary of NEO.
an automotive manufacturer headquartered in SouthKorea, to manufacture Faraday Future’s second electric vehicle, the FF 81, with start of production scheduled for 2024. Located near Seoul, SouthKorea, Myoung Shin is a parts supplier and automotive manufacturer for numerous first tier OEMs.
Ltd (Japan) group of companies, announced multiple contracts to provide more than a dozen Hydrogen Fueling Stations (HFS) to customers in California and SouthKorea. Every station will be manufactured to comply with the local content requirements, including the Buy America Act for the US Hydrogen Hub market.
The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.
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)
General Motors has begun manufacturing the electric motor for the Spark EV at its Baltimore Operations plant in White Marsh, Md. The Spark EV will be sold in California and Oregon this summer and sales will expand to Canada, Europe and SouthKorea later. Earlier post.).
Global demand for US metallurgical coal typically is more consistent than for thermal coal because the United States is one of the few suppliers of metallurgical coal. In 2021, the top five export destinations for US coal were India, China, Japan, the Netherlands, and SouthKorea. MMst, or 77%, was steam coal).
Volvo Trucks is now starting sales of heavy battery electric trucks in SouthKorea, as the first globalmanufacturer to do so. Three different electric models are now available for South Korean transport companies to order – helping them, and the government, to reach ambitious climate targets.
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.
SK Innovation’s EV battery plant located in Seosan, SouthKorea. SK Innovation said the spin-off will be a turning point for securing global competitiveness in the battery business. The battery business aims to grow into a global top player based on its battery order backlogs of “1 Terawatt + ?.” ( Earlier post.).
SouthKorea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Map of Western Australia showing the location of Global Lithium’s assets.
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. The three companies together will spend up on 1.21
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
The Yomiuri Shimbun reported that the government of SouthKorea will introduce new regulations on the manufacture and sale of products containing lithium-ion batteries on 1 July. The rules reportedly could shut out products using Japanese-made lithium batteries from the South Korean market.
POSCO Holdings recently began construction at the Yulchon 1 st Industrial Complex in Jeollanam-do (South Jeolla Province, S. Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. POSCO Group’s lithium brine demo plant in Argentina.
Ltd has signed a Memorandum of Understanding for the joint development of a solid oxide fuel cell (SOFC) system for marine propulsion and power generation with Navig8, a Singapore-based major shipping company which operates 140 chemical and oil tankers globally. Doosan Fuel Cell Co., Earlier post.).
Toyota is the ruling OEM in the global HEV car market, with more than 60% market share in 2019. Other manufacturers have started to eat into this share over the years, but Toyota still reigns supreme. Even with this stay of execution for HEVs, banning vehicles with ICEs of any sort is likely to follow shortly after.
Hankuk Carbon Co Ltd, a manufacturer of advanced composite materials, has formed a strategic joint-partnership with Dymag, a manufacturer of carbon composite wheels, to enable the mass production of high-performance carbon composite wheels for the world’s leading automotive OEMs.
Major solid-state battery players globally. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and SouthKorea playing a significant role. New material selection and change of manufacturing procedures show an indication of a reshuffle of the battery supply chain.
Global sales of passenger vehicles increased from 75.4 The auto industry’s production capacities are far from fully used; PricewaterhouseCoopers (PWC) estimates current global vehicle assembly capacity at almost 95 million, the report notes. Rising sales translate into an ever-expanding global vehicle parc. million to 78.6
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 led the Asian expansion, with its global share growing from just 4% to 15% during this period.
The global commercial vehicle market declined 7% during the first quarter of 2012 compared with the same period in 2011, according to a recent analysis by Polk. The global decline in heavy commercial vehicles mirrors the soft economic environment in select countries, according to Polk. metric tons or greater). metric tons or greater).
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.
Anger, frustration, greed, lack of trust are a few of the many sentiments expressed by consumers and future car buyers globally, according to a recent “Tipping Point” study by Synovate Motoresearch, the automotive division of global market research company Synovate.
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.
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.
Global cumulative energy storage installations. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. Just 10 countries are on course to represent almost three quarters of the global market in gigawatt terms, according to BNEF’s forecast.
billion to produce electric vehicles at a new factory in SouthKorea. The factory ultimately would increase annual EV production in SouthKorea to 1.44 million vehicle capacity by 2030 would account for about 45 percent of the two companies’ global EV production volume by that year, Automotive News reports.
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.
Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 Global investment in renewable energy capacity moved up 2% to $303.5
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. each will submit applications to the Korea RE100 Committee later this month.
The agreement will involve the joint development of green hydrogen and its derivatives such as green ammonia, to decarbonize POSCO Group’s power generation and its steel manufacturing processes, along serving other Korean clients of POSCO Group. As of 2021, POSCO, the steel-making company of POSCO Group, has the capacity to produce 42.9
The agreements cover the global supply of battery modules for all models on the upcoming SPA2 and the existing CMA modular vehicle platforms and represent a major step towards realizing Volvo Cars’ ambitious electrification strategy. Plug-in hybrid variants of the XC40 are already manufactured there.
The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, SouthKorea. The joint venture company will manufacture e-motors, inverters and on-board chargers and, for certain automakers, related e-drive systems. He will be responsible for overseeing the day-to-day operations of the joint venture.
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. million sleepers annually; and Germany, at roughly 1 million sleepers annually.
Qorvo, a global provider of connectivity and power solutions, and SK Siltron CSS, a semiconductor wafer manufacturer, finalized a multi-year supply agreement for silicon carbide (SiC) bare and epitaxial wafers.
is pulling out of the global solar panel business. The decision was approved yesterday by the LG board of directors in SouthKorea. The post LG Electronics is going to stop manufacturing solar panels – here’s why appeared first on Electrek. Seoul-headquartered LG Electronics Inc.
The index compares the development of e-mobility in seven leading car-manufacturing nations (Germany, France, Italy, US, Japan, China and SouthKorea) on the basis of three parameters: technology, manufacturing, and market. Infrastructure is becoming a global hurdle.
Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. Global emissions from the energy sector stood at 32.1 The data signal a continuing decoupling of emissions and economic activity.
will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Phosphor is essential to manufacture of consumer electronic components such as LCD screens and CRT displays. China, with more than 93% of the global production, was the largest producer of neodymium in 2012. billion in 2020.
The Green Hydrogen Catapult aims to align the production and use of green hydrogen with a trajectory that displaces fossil fuels at a rate consistent with achieving net zero global emissions by 2050, and limiting global temperature increases to 1.5 degrees Celsius. —Marco Alverà, CEO of Snam.
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