Baua Electric

MAY 9, 2024

The energy unit of Japan’s Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in Japan and a fall in sales of consumer products, the company said on Thursday. billion yen (USD 570.18 Its operating profit declined 25% to 40.7

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Baua Electric

APRIL 27, 2024

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

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Baua Electric

JANUARY 15, 2024

In January 2023, the government unveiled a plan to offer large tax breaks to semiconductor companies investing at home, which are set to end this year. South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.

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Baua Electric

MAY 29, 2024

Right now, few companies have any reason to invest in this infrastructure. It’s also a stretch to expect traditional US car companies such as General Motors Co. All three automakers are part of larger business empires — called chaebol in South Korea and keiretsu in Japan. South Korea’s Hyundai may be the most diversified.

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Teslarati

MAY 27, 2024

Hyundai Mobis expanded its electric vehicle (EV) investments to auto parts and chips. Hyundai Mobis is Hyundai Motor Group and South Korea’s leading auto parts maker. Mitchell Yun, from Mobis Ventures Silicon Valley, announced that Hyundai Mobis would expand EV investments in auto parts this year.

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Baua Electric

MARCH 25, 2024

Pilbara Minerals already has a joint stake with South Korea’s POSCO in a lithium hydroxide plant and a tie-up with Calix Limited for the construction of a midstream lithium chemicals demonstration plant in Western Australia. sourcing requirements, the companies said. Inflation Reduction Act subsidy scheme that has U.S.

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Baua Electric

MAY 17, 2024

General Motors and South Korea’s LG Energy Solution , LG Electronics reached a settlement to establish a USD 150 million fund to provide relief to Chevrolet Bolt EV owners affected by defective batteries , documents filed in a U.S. court on Thursday showed. .

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Baua Electric

MAY 1, 2024

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. Shares of the company, which were up 2.5% 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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Green Car Congress

MAY 3, 2023

Sunwoda’s major customers for its batteries include Geely Auto Group, Dongfeng Cummins Engine Co., According to the MOU, both companies agreed to communicate actively about expanding the supply of separators with technological capabilities, quality, and price competitiveness in the future.

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Baua Electric

MAY 30, 2024

Electric Vertical Takeoff and Landing (eVTOL) aircraft developer Archer Aviation is continuing to lay the global groundwork for commercial operations in a new territory: South Korea. FTC: We use income earning auto affiliate links. With a payment plan already in place, those efforts are expected to begin later this year.

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Teslarati

NOVEMBER 28, 2022

South Korea’s President Yoon Suk-yeol said that Tesla would get “tailored” incentives if it decides to establish its next gigafactory in the country. Elon Musk recently noted that South Korea was a top candidate for the next Tesla gigafactory location. “If

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Baua Electric

JANUARY 15, 2024

Here are some of the companies developing these kind of batteries. The company says it could boost an EV’s driving range from 350 miles to 400-500 miles, an increase of 14%-43%. The company says it aims to build a gigafactory for its new batteries by 2029 and has signed a joint development agreement with BMW.

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Baua Electric

MAY 23, 2024

German automotive company ZF has built 1,000 CeTrax lite electric drives for light commercial vehicles since it started volume production in April 2023. The company has ramped up volume manufacturing faster than planned, in response to demand from Japanese commercial vehicle manufacturer Isuzu.

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Baua Electric

MARCH 22, 2024

Two and three-wheeler major Bajaj Auto is looking to take its engineering skills training programme to Tier 2 and 3 cities, in order to fill the critical skill gaps faced by the automotive industry. A significant part of these participating companies’ CSR funds will be utilised in this initiative, their executive said.

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Baua Electric

APRIL 8, 2024

.” The company said that it has “comprehensive safety protocols and training programs.” ” The company is a subsidiary of SK On, a global EV battery manufacturer and a unit of SK Innovation that is part of SK Group, the second-largest conglomerate in South Korea.

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Auto Battery Batteries South Korea 52

Baua Electric

JANUARY 27, 2024

President Joe Biden’s administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor Manufacturing Co to help build new factories in the U.S., South Korea’s Samsung Electronics, also a contender, has a USD 17.3

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Baua Electric

MARCH 17, 2024

TSMC is partnering with companies including Sony and Toyota with total investment in the Japan venture expected to run to more than USD 20 billion. Wei said in January that the company plans to double CoWos output this year with further increases slated in 2025. Intel declined to comment.

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Green Car Congress

JANUARY 7, 2016

Established automotive industry companies—not Silicon Valley—are leading the development of autonomous driving technology, according to a new report from the Intellectual Property and Science business of Thomson Reuters. headlines over the past year have touted tech companies innovating in the automotive space.

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Baua Electric

APRIL 28, 2024

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. The company posted an operating profit of 625 billion won (USD 454 million) for the January-March period, versus a 375 billion won profit a year earlier. .

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Auto Battery Batteries South Korea 52

Baua Electric

MAY 21, 2024

As the demand for electric vehicles continues to grow, Webasto is expanding its activities in Korea by expanding its battery pack production plant to its existing factory in Dangjin, Chungcheongnam-do. The expansion comes just two years after Webasto first mass-produced EV battery packs in South Korea.

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South Korea Battery Batteries India 52

Baua Electric

FEBRUARY 29, 2024

Hyundai was recently spotted testing a Lucid Air electric sedan in South Korea, suggesting a high-end Hyundai EV could be in the works. After being rewarded for its contributions to the state of Georgia with its own “Hyundai Day,” the company said it expects to begin production in Q4 , ahead of its initial early 2025 timeline.

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Baua Electric

APRIL 29, 2024

The company plans to build a plant in the US to manufacture lithium iron phosphate (LFP) in late 2026, lithium manganese iron phosphate (LMFP) in 2027, and disordered rock salt (DRX) in 2028. DRX has gained attention because of its high energy density, the company said. It also has approximately 60 patents pending.

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South Korea Battery Batteries Charging 52

Baua Electric

JANUARY 25, 2024

European share of the global computer chip market “is 8% at best,” the outgoing chief of Europe’s largest tech company said in an interview following ASML earnings on Wednesday. “If you want to get to 20%, you just have to calculate how much you need to build here.”

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Baua Electric

JANUARY 9, 2024

Hyundai Motor Company is showcasing future technologies from across Hyundai Motor Group (the Group) at CES 2024 in Las Vegas from January 9–12. Hyundai E&C and Hyundai Engineering are participating in the construction of electrolysis-based green hydrogen production facilities in Buan and Boryeong, South Korea, respectively.

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Baua Electric

JANUARY 11, 2024

South Korea’s SK On plans to start mass producing lithium iron phosphate (LFP) batteries as early as 2026 to supply several automakers as it pushes to deliver a lower cost battery chemistry favoured by its Chinese rivals, a senior executive said. SK On has production sites in the United States, South Korea, Hungary, and China.

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Baua Electric

MARCH 28, 2024

JR Energy Solution (JR ES) has opened an electrode foundry in South Korea to make electrodes using Enevate ‘s silicon-dominant battery technology. According to the companies, the new technology easily integrates with JR ES’s industrial infrastructure, avoiding the need for expensive new production equipment and processes.

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Baua Electric

APRIL 7, 2024

This strategic move will position them as the pioneers in applying domestically produced batteries in their upcoming EV models in the Indian market, the company said in a media release. is a wholly owned subsidiary company of Exide Industries Ltd., Kolkata-based Exide Industries Ltd., Exide Energy Solutions Ltd.

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Teslarati

DECEMBER 1, 2021

Indeed, it would likely be difficult for Hyundai to dub Tesla’s electric cars as “toys” today, considering the sheer dominance of the Model 3 and the Model Y in the auto segment. The company’s sales figures seem to speak for themselves.

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Teslarati

JULY 9, 2023

The United Auto Workers (UAW) union has urged the Biden administration to reconsider its proposed vehicle emissions cuts, which would require 67% of new cars to be electric by 2032. The UAW highlighted the importance of recognizing the existing dominance of profitable light-duty trucks and SUVs in the domestic auto assembly footprint.

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Baua Electric

FEBRUARY 1, 2024

A special-purpose vehicle developer out of South Korea has introduced a new line of electric golf carts that can bring more technology and comfort to the game. Daeji Precision Company is a Korean manufacturer founded in 1975 specializing in special-purpose vehicles. FTC: We use income earning auto affiliate links.

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Green Car Congress

JUNE 29, 2021

Based on company announcements through 2020, about 5% of this global total is actively being invested in local US assembly plants. million in 2020, followed by 450,000 in the US and about 110,000 each in Japan and South Korea. Continuing on this path would hurt the domestic US auto industry’s prospects for decades.

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Green Car Reports

MARCH 11, 2015

The company has sold more than 1 million units of the stylish minicar globally since it first went on sale back in 2009. Offered in 71 markets and originating in South Korea, the Spark is also one of the company''s most globalized models. Hatchbacks South Korea New York Auto Show General Motors minicar Ecotec'

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New York South Korea Chevrolet Auto 60

Electric Vehicles India

JULY 27, 2021

Anand Group an Auto component maker has partnered with South Korea’s Mando Corporation to cater to the growth of the electric vehicles segment in India. As per the partnership, both the companies will leverage their existing synergies, capabilities, and experience to build a new company in the country.

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Baua Electric

MAY 10, 2024

In the series of news which reflect that, technology company Aptiv ’s (carved out of the earlier GM owned Delphi) stake reduction in its Autonomous Driving joint venture with Hyundai is the latest. But I think the investment effort that they made as a company into making things safer, and to have safety fall-backs, was not there.

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Baua Electric

MAY 13, 2024

The Faridabad-based auto component maker’s consolidated profit for the period came in at Rs 55.4 The company offers motor control units for electric vehicles through its wholly owned subsidiary Sterling Gtake E-Mobility Ltd (SGEM). The company noted that the adjusted EBITDA excludes ESOP expenses. crore, against Rs 47.9

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Baua Electric

MARCH 5, 2024

REUTERS/Aly Song/File Photo (REUTERS) Japanese auto giant Toyota plans to invest 11 billion reais ($2.2 Private companies are back investing in Brazil’s future,” President Luiz Inacio Lula da Silva added on X. billion plan appeared first on Bauaelectric Auto News.

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Baua Electric

FEBRUARY 2, 2024

Hyundai is building a new all-electric van for Iveco Hyundai revealed the news at a signing ceremony at its headquarters in Seoul, South Korea. In July 2022, the companies announced a hydrogen-powered IVECO BUS based on Hyundai’s fuel cell system. FTC: We use income earning auto affiliate links.

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