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SES expands in South Korea to facilitate commercialization of Li-metal batteries

Green Car Congress

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 South Korea. It’s all about speed and winning the race. SK) and LG Corporation.

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Demand for key minerals to soar with growth of EVs – ET Auto

Baua Electric

The KEEI said South Korea should work to diversify its key mineral supply chain to lower its dependence on China as part of efforts to strengthen its competitiveness in the EV and secondary battery industries. As of 2022, South Korea had imported most nickel, manganese and cobalt supplies from China, according to the KEEI.

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Hyundai, Kia join China’s Baidu to develop connected cars – ET Auto

Baua Electric

The South Korean companies will seek to find new business models harnessing artificial intelligence technologies with the Chinese counterpart as well.

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Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto

Baua Electric

Earlier this month, South Korea’s Hyundai Motor and Kia Corp partnered with Exide Industries ‘ unit Exide Energy Solutions to supply batteries for their EVs. Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84 billion rupees as per LSEG data.

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Hyundai Motor and Kia sign MoU with Exide Energy for EV expansion in India – ET Auto

Baua Electric

This strategic cooperation with Exide Energy marks the beginning of Hyundai Motor and Kia’s efforts to expand its exclusive battery development, production, supply and partnerships in the Indian market. New Delhi: Hyundai Motor and Kia sign MoU with Exide Energy as part of their electric vehicle (EV) expansion plans.

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Hyundai Motor CES exhibits envision transition to hydrogen energy, SDV solutions – ET Auto

Baua Electric

Hyundai Motor committed to achieving carbon neutrality by 2045 and continues to make efforts to reduce carbon in all areas of the value chain. Hyundai Motor Company is showcasing future technologies from across Hyundai Motor Group (the Group) at CES 2024 in Las Vegas from January 9–12.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation, which also owns South Korea’s top refiner SK Energy, said it expects solid refining margins to continue in the second quarter backed by firm demand. SK On, which supplies to Ford Motor Co, Volkswagen and Hyundai Motor among others, widened its operating loss to 332 billion won in the first quarter from 18.6

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