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Located in the Eumseong Innovation City of Chungcheongbuk-Do, SouthKorea, Sella 2 is currently producing test cells for certification, with ramp-up expected during the second half of 2022. The facility can scale its battery cell capacity in the future to support the growing needs for storage solutions offered by the company.
Hyundai Motor Group introduced Factory Safety Service Robot, a robot for industrial site safety, and announced its pilot operation at Kia’s plant in SouthKorea. The Robot will help detect risks and secure people’s safety in industrial sites.
Following the development and operation of commercialized OLEV trams (at an amusement park in Seoul) and shuttle buses (at KAIST campus), respectively, the city of Gumi in SouthKorea, beginning on 6 August, is providing its citizens with OLEV public transportation services.
Nikkiso Clean Energy & Industrial Gases Group (CE&IG), a part of the Nikkiso Co., Ltd (Japan) group of companies, announced multiple contracts to provide more than a dozen Hydrogen Fueling Stations (HFS) to customers in California and SouthKorea.
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. SK) and LG Corporation.
Tesla bucked the trend in SouthKoreas vehicle import market by selling 29,750 vehicles over the course of 2024. These results highlight Teslas strong performance in the domestic South Korean auto market, which came despite the headwinds experienced by the countrys overall auto segment last year. compared to 2023.
Renault Group and Geely Holding Group, China’s largest privately-owned automotive group, have signed an agreement to launch a new collaboration dedicated to bringing fuel-efficient Hybrid Electric Vehicles (HEV) and Internal Combustion Engine (ICE) models to the South Korean market as well as for export sales.
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
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 SouthKorea as initial key core markets. The cooperation will allow Renault Group and Geely Holding to share resources and technologies.
RecycLiCo Battery Materials (formerly American Manganese), has delivered samples of its battery-grade lithium carbonate and lithium hydroxide to battery manufacturers in Japan and SouthKorea. RecycLiCo is committed to helping reduce the environmental impact of lithium mining and production.
SK seeks to import blue ammonia produced from ExxonMobil to SouthKorea in support of reducing industrial emissions. Materials to pursue the offtake of blue ammonia from ExxonMobil’s planned low-carbon hydrogen project at its integrated complex in Baytown, Texas.
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.
On Monday, July 12, 2024, SouthKorea’s environment ministry will hold an emergency meeting to discuss electric vehicle (EV) fire safety concerns after a blaze in an underground parking garage. SouthKorea’s land and industry ministries will attend the meeting next week.
Tesla has reportedly been granted permission to sell automotive emission credits domestically in SouthKorea by the Ministry of Environment starting this year. This marks a significant development for the electric vehicle maker, as it will allow the company to generate additional revenue in the South Korean market.
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.
In October, Doosan and Ceres announced a strategic collaboration which includes the building of an initial 50MW manufacturing facility for the manufacture under licence of Ceres’ fuel cell stacks in SouthKorea. Marine fuel cells can contribute to compliance with greenhouse gas emissions regulations in the industry.
BASF has established the research initiative “Network for Advanced Materials Open Research” ( NAO ) together with seven leading universities and research institutes in China, Japan and SouthKorea. The initiative marks a further step in BASF’s strategy to expand global research activities.
Developed by industry partners including Qualcomm and Ericsson and standardized by the mobile standards consortium 3GPP in 2022 , RedCap was designed in part to meet the needs of industrial and manufacturing environments. We will continue to accelerate its commercialization.
Kia and Hyundai are unfazed by BYD’s electric vehicles launching in SouthKorea. Earlier this month, Chinese automaker BYD announced it would enter SouthKorea’s passenger car market in 2025. BYD entered SouthKorea’s commercial car market in 2016 but has yet to launch a passenger car there.
Patterson Industrial Park, will be the company’s first aluminum foil facility located in the United States and is expected to begin operation in 2025. LOTTE Aluminium and LOTTE Chemical are subsidiaries of LOTTE Group, one of the largest conglomerates in SouthKorea, with more than 90 business units employing more than 80,000 people.
billion to produce electric vehicles at a new factory in SouthKorea. The factory ultimately would increase annual EV production in SouthKorea to 1.44 Recently, Hyundai launched the IONIQ 5, which has won numerous awards in the automotive industry. million units by 2030.
The Ministry of Land, Infrastructure, and Transport in SouthKorea has announced that EV registrations in the country have jumped by 72.7% SouthKorea 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. year over year.
With the final site approval, NEO has now additionally doubled the initial target annual silicon anode production capacity to 240 tons on the same mass-production lines and has consequently renamed the semi-commercial plant into a commercial-scale plant facility to accommodate for industry capacity standards.
FREYR Battery has awarded a strategic alliance frame agreement to SouthKorea-based Hana Technology. Hana Technology develops precision automation solutions for battery facilities and other industrial operations.
Kia Corporation, a Hyundai Motor Company brand, completed its first electric vehicle (EV) factory in SouthKorea amid a slowdown in the industry. Kia’s EV6 vehicle has been a hit in the industry, along with Hyundai’s IONIQ lineup. The upgraded factory will launch production with the Kia EV3.
LGES’ expansion will quintuple the plant’s capacity to help produce battery components into the future as Michigan’s electric vehicle industry grows. The Holland investment will fall under the LGES entity, which recently completed a record-breaking IPO in SouthKorea. LG Energy Solution (LGES) is investing $1.7
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.
Hyundai Motor Group is winding down development of internal combustion engines, The Korea Economic Daily reported last week. The automaker closed its research and development center for combustion engines in Namyang, SouthKorea, according to the report, which cited industry sources familiar with the matter.
POSCO Group’s output will be used in applications across diverse industries including the company’s own power generation needs, construction, energy, and support other industrial off-takers in SouthKorea. million tonnes of green ammonia per year for the purposes of decarbonizing industries.
On 29 December 2020, Sichuan Yahua Industrial Group announced thatits subsidiary, Yahua Lithium, had signed a five-year supply agreement with Tesla. The total value of the contract is reported to be US$630-880 million, with Yahua Lithium to provide battery-grade lithium hydroxide to Tesla from 2021 to 2025.
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.
SouthKorea’s environment ministry recently held an emergency meeting to discuss EV fire safety concerns after an electric Mercedez-Benz caught fire in an underground parking garage. Land and industry ministries attended the meeting. The blaze has fueled fears about fire safety and electric vehicles.
Hyundai Motor signed the MOU with SouthKorea’s Ministry of Trade, Industry and Energy as well as Hyundai Glovis, LG Energy Solution and KST Mobility for the rental of electric taxi batteries and the sustainable reuse of EV batteries in energy storage systems (ESS).
In conjunction with Samsung Heavy Industries (SHI), the companies’ initial design for an engineless, fuel-cell-powered liquefied natural gas (LNG) carrier has received Approval in Principle (AiP) from DNV, a premier international maritime classification society. Bloom Energy has hit two key milestones on its path to decarbonize shipping.
ARENA is inviting expressions of interest for large-scale renewable hydrogen projects across a range of industries and end uses. Each project must be powered by renewable electricity, either directly or through power purchase agreements or large scale generation certificates. —Darren Miller.
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. Korea National Oil Corporation. Daelim Industrial.
Industry data has revealed that Tesla successfully overtook Mercedes-Benz to become SouthKorea’s second-largest vehicle importer in March 2024. That’s not bad at all for an automaker that caught headlines in early February for only selling one car in SouthKorea in January 2024.
SouthKorea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 Established as SouthKorea’s first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials.
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.
In September, Canada’s Minister of Industry Francois-Philippe Champagne stated that Tesla did discuss the possibility of building a factory in Canada. Earlier this year, Champagne emphasized that Canada hopes to be the auto industry’s new “ supplier of choice.” Tesla SouthKorea. Tesla Indonesia.
Behind-the-meter, or BTM, installations will be sited at business and industrial premises, and at millions of residential properties. China, the US, India, Japan, Germany, France, Australia, SouthKorea and the UK will be the leading countries. —Logan Goldie-Scot, head of energy storage at BNEF.
million in 2020, followed by 450,000 in the US and about 110,000 each in Japan and SouthKorea. Great promotional events and bold aspirational statements by the domestic auto industry can’t mask the facts. Continuing on this path would hurt the domestic US auto industry’s prospects for decades. —Nic Lutsey.
But it was true what semiconductor engineers in SouthKorea whispered about his former students: They were everywhere. Korea Advanced Institute of Science and Technology (KAIST) assumed top posts in the industry as well as coveted positions teaching or researching semiconductors at universities and government institutes.
Germany-based international consultancy Rolad Berger had launched a new publication—the “ Automotive Disruption Radar ”—to monitor the radical transformation of the automotive industry being driven by four concurrent megatrends: mobility services, autonomous driving, digitalization and electrification (MADE).
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