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
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. —Zvi Lando, Chief Executive Officer of SolarEdge.
The announcement marks accelerating adoption of the eFlow fuel cell platform within the transit bus market vertical as well as Loop Energy’s official entry into the zero-emission commercial vehicle market in SouthKorea. Our major shareholders include some of Korea’s largest bus fleet operators.
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. and this has caused a great deal of concern about the overall supply chain of tungsten.
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)
A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and SouthKorea playing a significant role.
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.
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.
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. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.
Starlink services might be bound for SouthKorea by early 2025. Starlink’s availability in SouthKorea will depend on the local government’s moves regarding regulatory updates that will ensure a stable connection to SpaceX’s internet services without interfering with the providers already operating in the country.
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.
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.
SouthKorea-based steelmaker POSCO will invest US$830 million in a lithium hydroxide plant in Argentina. A pilot plant was manufactured in SouthKorea in 2017 with a capacity of 2,500 tons / year of lithium. The plant will be constructed by the first half of 2024. The plant will be constructed by the first half of 2024.
HCEC will supply engines spanning the MidRange 5.9-liter The joint venture engines will power Hyundai equipment in markets with high growth potential such as Russia, the Middle East, Africa and Southeast Asia. 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
In a forecast of the Lithium market through 2017, Roskill Information Services estimates that rechargeable batteries will, in the base-case growth scenario, contribute 75% of the growth in forecast lithium demand to 2017, when total demand for lithium is expected to reach slightly more than 238,000t lithium carbonate equivalent (LCE).
The BMW Group and Samsung SDI have signed a memorandum of understanding (MoU) to expand their supply relationship for battery cells for electro-mobility. Samsung SDI will supply the BMW Group with battery cells for the BMW i3, BMW i8 and additional hybrid models over the coming years. from 2012. compared to the previous year).
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. SiC devices are more efficient at handling high powers and conducting heat than traditional silicon.
SouthKorea-based SK Energy said it has been chosen as a supplier of lithium-ion batteries for a hybrid electric vehicle project for Daimler commercial vehicle subsidiary Mitsubishi Fuso; Daimler holds 85% of Fuso. Earlier post.).
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.
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.
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 million units in 2020. Earlier post.) Contenders.
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.
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.
South-Korea-based POSCO has acquired silicon anode startup Tera Technos for 47.8 billion won (US$37 million), as the steelmaker enlarges its position within the Li-ion battery supply chain. POSCO intends to invest $20 billion into the lithium-ion supply chain between now and 2030. Earlier post.)
The MOU establishes a process for appointing Integrated Energy to be the dealer of Detroit Electric products in Jeju Island, SouthKorea. The MOU establishes a process for appointing Integrated Energy to be the dealer of Detroit Electric products in Jeju Island, SouthKorea.
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.
Loop Energy announced that its value-added distributor in SouthKorea—NGVI Inc.—secured —secured a supply contract for a hydrogen electric bus project with a second municipality in the country, this time with the county of Ulju. This marks Loop Energy’s second design win in SouthKorea in less than one year.
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. US cell production capacity surpassed Japan in 2014 and SouthKorea in 2016.
The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2 China, the US, India, Japan, Germany, France, Australia, SouthKorea and the UK will be the leading countries. These nine markets will represent two thirds of the installed capacity by 2040.
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.
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. I’d love to hear from you!
million in 2020, followed by 450,000 in the US and about 110,000 each in Japan and SouthKorea. The research on electric vehicle uptake around the world is clear: electric vehicle manufacturing growth happens where there are strong national policies designed to spur the market forward. million nearly matched China’s 1.27
The Group is evaluating technical solutions offered by engineering firms BGRIMM Technology Group from China and Outotec from Finland, which will allow for the production of both NCM 6:2:2 and NCM 8:1:1 precursors depending on market conditions. The expansion will be defined depending on market conditions.
LG Energy Solution (LGES) signed an offtake agreement with WesCEF to expand its lithium supply chain for the North American market. According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate. The South Korean company is a longtime Tesla supplier.
earlier post ) signed a Letter of Intent (LOI) with BASF Corporation jointly to explore the North American market for ElectriPlast’s conductive thermoplastics. BASF currently supplies Integral with resins used in the compounding of the ElectriPlast product line. Integral Technologies, Inc. and wholly owned subsidiary ElectriPlast Corp.
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.
Li-ion battery joint venture partners Bosch and Samsung SDI are disbanding their SouthKorea-based SB LiMotive JV. Based in Stuttgart, it focuses on systems engineering, battery management systems, prototyping, marketing, and sales. Steps will be taken to ensure that all development and supply agreements will be continued.
Faced with flagging demand for gasoline and other petroleum products in their respective home markets, the two giants will invest a total of around 120 billion yen [US$1.5 billion] in a pair of new production ventures in SouthKorea. A formal announcement is expected today, the paper said. and Idemitsu Kosan Co.
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.
It is now estimated that green hydrogen could supply up to 25% of the world’s energy needs by 2050 and become a US$10-trillion addressable market by 2050. Scaling up green hydrogen using existing infrastructure will be crucial to reaching climate goals.
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.
The new entity produces and markets Lioaccum carbon nanotube (CNT) conductive dispersions for lithium-ion battery cathodes specifically developed for electric vehicles (EVs). Toyo Ink SC Holdings Co., Mass production at the Ujhartyan Factory, which employs 30 people, started in July 2022.
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. share of the world market for lithium-ion batteries in 2009, with Samsung SDI holding a 15.1%
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.
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.
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