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
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. New Tungsten Production Will Open the GlobalSupply Chain.
In 2020 the world’s nuclear reactors have shown resilience and flexibility, adapting to changes in demand while ensuring stable and reliable electricity supplies. GWe started supplying electricity, compared to an average annual objective for 2016-2020 of 10 GWe. —Agneta Rising, Director General of World Nuclear Association.
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.
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)
Over the next five years, Volvo Cars will launch a fully electric car every year, as it seeks to make all-electric cars 50% of global sales by 2025, with the rest hybrids. —Geert Bruyneel, head of global production operations. I am pleased to celebrate this momentous occasion with our employees here in Ghent.
Ltd (Japan) group of companies, announced multiple contracts to provide more than a dozen Hydrogen Fueling Stations (HFS) to customers in California and SouthKorea. Nikkiso Clean Energy & Industrial Gases Group (CE&IG), a part of the Nikkiso Co.,
BorgWarner is supplying its mini direct-acting variable force solenoid (VFS) for General Motors’ global front-wheel drive 6-speed automatic transmission program (GF6). Applications exist in every major global market, including the Americas, Europe, China and SouthKorea.
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.
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.
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.
(KOGAS), the state-run natural gas supplier and a major global importer of LNG, plans to spend 4.7 By 2030, KOGAS expects to supply 1.73 By 2030, KOGAS expects to supply 1.73 KOGAS said demand for hydrogen in SouthKorea will reach 1.94 trillion won (US$4.01 billion) to build hydrogen-producing facilities by 2030.
The HCEC joint venture operation will be located in the city of Daegu, Korea, with engine manufacturing to commence in 2014. HCEC will supply engines spanning the MidRange 5.9-liter The new facility will have a capacity in place to build more than 50,000 engines per year at full production. liter to 8.9-liter
Volvo Car Group has signed long-term agreements with leading battery makers CATL and LG Chem to ensure the multi-billion dollar supply of lithium-ion batteries over the coming decade for next generation Volvo and Polestar models. In China, battery supply will benefit from the scale of the wider Geely Group.
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.
Pike Research forecasts that global sales of electric vehicle supply equipment (EVSE) will grow at a compound annual growth rate (CAGR) of 37% between 2012 and 2020 as the global market for plug-in vehicles (PEVs) grows, rising from less than 200,000 units sold in 2012 to almost 2.4 Click to enlarge. million units in 2020.
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. SKIET plans to supply separators produced at its Changzhou factory in China to Sunwoda.
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. Source: IDTechEx.
The Genesis GV60—the Hyundai luxury brand's first dedicated electric vehicle, due next year—is shaping up to offer a technology first: It will be one of the first global-market EVs with original-equipment wireless charging.
China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row, for both 2022 and its projection for 2027, due to continued support for the electric vehicle demand and raw materials investments. —Allan Ray Restauro, metals and mining analyst at BNEF and lead author.
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.
Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global will use blockchain technology to trace and validate ethically sourced minerals in an effort to support human rights and environmental protection while helping infuse more transparency into global mineral supply chains. Goldcorp Inc., ING Bank, Kutcho Copper Corp.,
Through construction of the Hungary plant, Samsung SDI sets up a global electric vehicle batteries production tripod with plants in Ulsan, SouthKorea and Xian, China. Batteries are one of the most important parts supplied to global car makers.
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 global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2 We see energy storage growing to a point where it is equivalent to 7% of the total installed power capacity globally in 2040. China, the US, India, Japan, Germany, France, Australia, SouthKorea and the UK will be the leading countries.
SouthKorea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 Based on these technological capabilities, SK innovation has signed supply contracts with major automakers including Hyundai Motor Group, BAIC Group and Daimler AG.
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.
Our vision for a green economy is at the core of our continued commitment to supply the most critical materials for the global battery sector and we are leading industry efforts to ensure the sustainable, traceable cobalt sourcing in supply chains across Europe, North America, SouthKorea and Japan.
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
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.
The light-duty FCV market will be in a long period of supply constraints until around 2020, the report notes, breaking out only if the infrastructure is in place to meet customers’ fueling requirements. In the Asia Pacific region, Japan and SouthKorea also have plans in place to expand infrastructure for 2015.
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.
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.
The high-performance dispersions produced at the Ujhartyan site will be supplied to SK On, a leading SouthKorea-based supplier of high-energy-density EV batteries for global automakers such as the Volkswagen Group. Mass production at the Ujhartyan Factory, which employs 30 people, started in July 2022.
Batteries accounted for 27% of global lithium consumption in 2012, up from 15% in 2007 and 8% in 2002. In 2012, East Asia accounted for 60% of total global consumption with Europe accounting for a further 24% and North America 9%. Roskill is an international metals and minerals market research firm.
The Tennessee facility allows LG Chem to address the changing dynamics of the global battery material market and with legislation such as the “Inflation Reduction Act” (IRA). LG Chem applied this technology for the first time to its fourth cathode manufacturing site in Cheongju, SouthKorea with much success.
billion] in a pair of new production ventures in SouthKorea. The new petrochemicals and lubricants factories will be built on the grounds of the South Korean group’s refinery complex in the southeastern city of Ulsan. unit will form a 50-50 venture with SK Global Chemical Co., a subsidiary of SK Innovation.
A complete overhaul of global environmental governance is urgently needed if the challenges of global sustainability are to be met for seven billion people, according to a wide-ranging Foresight Process conducted by the United Nations Environment Programme (UNEP). —Foresight Report.
SouthKorea-based POSCO Chemical signed a contract to supply Samsung SDI with high-nickel NCA cathode materials for electric vehicle batteries for 10 years from this year to 2032. This 40-trillion won ($32.6-billion) billion) contract is the largest and longest-term order since the creation of POSCO Chemical.
has signed contracts to supply drilling equipment packages for seven drillships to Brazilian shipyard Estaleiro Atlântico Sul (EAS), including drilling riser and pressure control equipment. Atlântico Sul Shipyard makes use of licensed technology from the SouthKorea-based Samsung Heavy Industries. National Oilwell Varco, Inc.
a global manufacturer of electric vehicle (EV) charging solutions, has entered into a long-term EV charger supply agreement with Francis Energy, owner of the fourth-largest electric vehicle fast-charging network in the US. SK Signet is based in SouthKorea with US headquarters in McLean, Virginia. SK Signet Inc.,
The Korea Times reports that SouthKorea-based Samsung SDI says it has another “ big deal ” with an automaker “ in the pipeline ”; company officials declined to reveal the name of the automaker. Earlier post.). Earlier post.).
CATL and BYD remained the top two players in the global EV battery market in the first two months, with the former's share remaining stable and the latter rising. percent from the previous year, according to data released today by South Korean market research firm SNE Research. percent share, SouthKorea's SK On was fifth with 5.5
World nuclear fuel markets are likely to suffer very little noticeable impact from events at Fukushima, according to the latest edition of the World Nuclear Association (WNA) biennial supply and demand report. However, it is possible to make some “reasonable deductions,” the report notes.
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