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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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Wind cheater! Hyundai and Kia devise new tech that will increase EV range, speed and grip ALL at the same time

EV Central

The giant Korean auto group incorporating Hyundai and Kia has detailed a new aerodynamic aid it is planning to roll out on all future EVs that will cut drag on even the slipperiest of its models, boost downforce, enhance high-speed stability and traction all while adding up to six kilometres of range. ” The post Wind cheater!

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Old empires could be the key to a new car future – ET Auto

Baua Electric

Parking an electrolyzer near a wind farm, solar array or hydroelectric dam would be ideal because you can use renewable energy to deliver clean electricity directly to the hydrogen-production facility. All three automakers are part of larger business empires — called chaebol in South Korea and keiretsu in Japan. Honda Motor Co.

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Australia’s resources minister seeks investment from S.Korea, Japan – ET Auto

Baua Electric

Australia’s resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a “prospectus” of 52 investment ready critical minerals projects. .

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

Baua Electric

Electrolysis plants operate on renewable energy sources, such as wind, solar and hydropower. 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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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets. Wind power isn’t far behind While solar is surging ahead in terms of cost-effectiveness, onshore wind isn’t far behind despite costs being 38% more than solar in 2023.

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Kia to begin EV9 production in the US by May, expects $7,500 EV tax credit eligibility by 2025

Baua Electric

The EV9’s batteries are still made in South Korea and China, but Kia will begin sourcing from its EV battery plant in Savannah, Georgia. FTC: We use income earning auto affiliate links. The EV9 is expected to qualify for the full $7,500 tax credit by early 2025.