Remove Companies Remove Congress Remove Malaysia Remove Manufacturer
article thumbnail

Samsung SDI to invest US$1.3B in second battery production facility in Malaysia

Green Car Congress

billion) investment phase-by-phase until completion in 2025, Plant 2 at Samsung SDI Energy Malaysia (SDIEM) will start mass-production of PRiMX 21700 cylindrical batteries (21mm X 70 mm) in 2024. Samsung SDI’s decision to construct the second factory in Malaysia comes as a strategy to meet the rising demand for cylindrical batteries recently.

Malaysia 199
article thumbnail

Lotte Chemical to invest $2.3B through 2028 to boost production of copper foil for EV batteries

Green Car Congress

billion) through 2028 to boost production of copper foil for EV batteries, the company said. trillion KRW (US$2-billion) acquisition of electric foil manufacturer Iljin Materials, and changed Iljin’s name to Lotte Energy Materials , in a bid to boost its battery business. Lotte Chemical plans to invest up to 3 trillion KRW ($2.3

Malaysia 195
article thumbnail

Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

Green Car Congress

The two companies signed a memorandum of understanding in Seoul for comprehensive battery business cooperation for ESS (energy storage systems) and other clean-tech energy solutions. The two companies will also pursue technology cooperation for developing advanced ESS solutions tailored for commercial, industrial and utility market.

Building 199
article thumbnail

Thailand’s EV industry growing rapidly

Green Car Congress

According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

article thumbnail

Roskill: surge in electrodeposited copper foil projects to meet projected EV demand

Green Car Congress

The thinner the foil is, the more active material can be loaded into the electrode, which reduces battery weight, increases battery capacity, and minimizes manufacturing costs and environmental impact. To that end, cutting-edge process control technology and highly competitive production facilities are required.

Malaysia 225
article thumbnail

Hyundai Motor to pilot autonomous demand-responsive “RoboShuttle” service

Green Car Congress

Hyundai Motor Company will begin a test operation of its RoboShuttle service on 9 August in South Korea. Ahead of the test launch, the company signed a Memorandum of Understanding (MOU) with the Sejong City Transportation Corporation on 12 July to facilitate a smooth operation of the pilot program. km route in Sejong Smart City.

Hyundai 435
article thumbnail

Tesla supply chain: Biden team plans $52B funding to address chip shortage among US carmakers

Teslarati

The Biden administration is already assembling a team to invest around $52 billion worth of funding for semiconductor research and manufacturing, awaiting congressional approval. Companies around the globe have been affected by the global chip shortage, including US automakers like Ford, General Motors, and Tesla. .

Supplies 145