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POSCO to invest $830M in lithium hydroxide plant in Argentina

Green Car Congress

South Korea-based steelmaker POSCO will invest US$830 million in a lithium hydroxide plant in Argentina. POSCO developed an extraction technology for lithium in 2010. A pilot plant was manufactured in South Korea in 2017 with a capacity of 2,500 tons / year of lithium.

Argentina 334
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POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

The subsequent production of lithium hydroxide will take place in South Korea. POSCO developed its own extraction technology for lithium in 2010. A pilot plant was manufactured in South Korea in 2017 with a capacity of 2,500 tons / year of lithium; this was then brought to and installed in Argentina.

Argentina 369
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Toyota plans to export US-built Sienna to South Korea

Green Car Congress

Toyota announced plans to begin exporting US-built Sienna vehicles to distributors in South Korea. Sienna exports to South Korea are initially forecasted at approximately 600 units annually. These exports increased 30% in calendar year 2010 to about 100,000 units. Shipments are scheduled to begin in early November.

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Toyota Launches Sales of Prius and Camry Hybrid in South Korea

Green Car Congress

Toyota Motor has begun sales of Toyota-brand vehicles in South Korea at five new dealerships, including three in Seoul, established by TMC’s local distributor Toyota Motor Korea Co., TMC has set an initial combined monthly sales target of 500 vehicles and aims to increase that number to 700 vehicles beginning in 2010.

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LG Energy Solution investing $1.7B to quintuple battery plant capacity in Michigan

Green Car Congress

The two companies have a longstanding relationship, and GM acted as a key partner in bringing LG to Michigan in 2010. The Holland investment will fall under the LGES entity, which recently completed a record-breaking IPO in South Korea.

Michigan 334
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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

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. million in 2020, followed by 450,000 in the US and about 110,000 each in Japan and South Korea.

Global 397
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Mexico proposes new heavy-duty vehicle emission standards aligned with Euro VI and EPA 2010

Green Car Congress

The new standards would require new heavy-duty diesel vehicles sold after 1 January 2018 to meet emissions standards equivalent to those in the United States (EPA 2010) and European Union (Euro VI). Final adoption of the standard will virtually eliminate fine particle and black carbon emissions from new diesel trucks.

Mexico 236