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Hyundai, Kia agree to pump $16.5bn into EV production in South Korea

Teslarati

billion to produce electric vehicles at a new factory in South Korea. The factory ultimately would increase annual EV production in South Korea to 1.44 million vehicle capacity by 2030 would account for about 45 percent of the two companies’ global EV production volume by that year, Automotive News reports.

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Exclusive: Genesis GV60 will be first EV to include wireless battery charging

Green Car Reports

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.

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SK Innovation to spin off battery business and E&P business

Green Car Congress

SK Innovation’s EV battery plant located in Seosan, South Korea. tentative name) will be in charge of oil exploration and production business, and the Carbon Capture & Storage (CCS) business. SK Innovation said the spin-off will be a turning point for securing global competitiveness in the battery business.

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SK Signet to supply 1,000 400 kW EV charging dispensers to Francis Energy

Green Car Congress

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 South Korea with US headquarters in McLean, Virginia. SK Signet Inc.,

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WiTricity signs first South Korean licensee for wireless charging technology for EVs

Green Car Congress

WiTricity, the industry pioneer in wireless power transfer over distance, has entered into a technology licensing agreement with Yura Corporation, a leading South Korea-based automotive Tier 1 supplier. Yura is a global supplier of a wide range of automotive parts for conventional vehicles and xEVs.

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LG Chem to invest $3.2B to build NCMA cathode plant in Tennessee; 120,000 tpa

Green Car Congress

million pure electric vehicles with a range of 310 miles (500 km) per charge. 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). billion) in 2022 to KRW 20 trillion (US$14.7 billion) by 2027.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

Green Car Congress

The global battery energy storage market will to grow to $13.13 The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market. The EMEA battery energy storage market registered a market value of approximately $1.73bn in 2018 and it accounted for 26% of the global market.