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WNA: global nuclear generation nears record high in 2019

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Nuclear generation reached a near-record high in 2019, with output reaching 2657 TWh, enough to meet more than 10% of the world’s electricity demand, according to the recently published World Nuclear Association Performance Report 2020. Growth was particularly strong in Asia, where nuclear generation rose by 17% in 2019.

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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-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.

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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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in the April report for the Institute for Supply Management’s Manufacturing Index. This primarily includes dealing with a strained supply chain on critical raw materials, like tungsten, to produce all of those EV-powered automobiles, cranes, trucks and more. New Tungsten Production Will Open the Global Supply Chain.

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PLANA signs LOI with Hi-Air for 30 CP-01 AAM aircraft for 2031 delivery

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PLANA , a developer of hybrid advanced air mobility (AAM) eVTOL aircraft, signed a letter of intent (LOI) and a memorandum of understanding (MOU) with Hi-Air, a South Korean commercial air carrier, to supply 30 AAM aircraft. Under the LOI, PLANA will supply its hybrid-electric AAM aircraft, CP-01, to Hi-Air from 2030.

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LG Energy Solution raises about $10.6 billion in South Korea’s biggest IPO to date

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It is now the third-most valuable company in South Korea after Samsung Electronics Co Ltd (005930.KS) KS), according to The Korea Times. LG Energy Solution’s IPO is the largest equity fund raising in South Korea since Alibaba raised $12.9 billion in its Hong Kong secondary listing back in 2019. .

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Volkswagen Group picks SK Innovation as supplier of battery cells for MEB-based EVs in North America

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The Volkswagen Group has selected South Korea-based battery manufacturer SK Innovation (SKI) as the fourth major supplier of battery cells for electric vehicles based on the Modular Electric Toolkit (MEB). These partners will safeguard battery supplies from 2019.

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Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

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While all five companies aim to transition to 100% renewable energy by 2050, each will make independent efforts to achieve targets ahead of schedule, by as early as 2040, depending on energy supply and demand conditions at their respective overseas operations.

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