Green Car Congress

MAY 3, 2019

The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. APAC will continue to be the largest market, reaching $6.05 —Bhavana Sri, Power Analyst for GlobalData.

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Energy Storage Global Market Energy 223

Green Car Congress

MAY 3, 2023

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. Sunwoda’s major customers for its batteries include Geely Auto Group, Dongfeng Cummins Engine Co.,

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Supplies Batteries Battery South Korea 199

Green Car Congress

JULY 25, 2023

Li-ion battery recycling technology company Aqua Metals ( earlier post ) entered into a strategic partnership with Yulho Co., a storage solution and battery materials company based in South Korea.

South Korea 150

South Korea Batteries Battery Li-ion 150

Green Car Congress

JANUARY 22, 2021

While the lithium-ion battery is dominant in battery-electric vehicles, NiMH batteries are still the most common in full hybrid vehicles (HEVs), according to a new report—“ Full Hybrid Electric Vehicle Markets 2021-2041 ”—from IDTechEx.

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NiMH Li-ion Toyota Hybrid 412

Green Car Congress

JULY 20, 2021

Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, and SK materials, one of the world’s top manufacturers of special gases and industrial gases, are forming a joint venture to build a factory for lithium-silicon battery materials in South Korea.

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South Korea Lithium Ion Building Li-ion 221

Green Car Congress

NOVEMBER 5, 2022

The Electrified GV70 is the third electric vehicle added to the Genesis lineup; its global premier was at Auto Guangzhou 2021. This is the first Genesis model to be built in the United States and the first Genesis production to take place outside of South Korea. Earlier post.).

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Los Angeles South Korea Alabama United States 420

Green Car Congress

FEBRUARY 10, 2022

an automotive manufacturer headquartered in South Korea, to manufacture Faraday Future’s second electric vehicle, the FF 81, with start of production scheduled for 2024. Located near Seoul, South Korea, Myoung Shin is a parts supplier and automotive manufacturer for numerous first tier OEMs.

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South Korea Future Production Manufacturer 333

Green Car Congress

JANUARY 31, 2023

South Korea-based POSCO Chemical signed a contract to supply Samsung SDI with high-nickel NCA cathode materials for electric vehicle batteries for 10 years from this year to 2032. Cathode materials account for more than 40% of the cost of the battery and are key materials that determine capacity and output.

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South Korea Batteries Battery Supplies 199

Green Car Congress

JULY 9, 2023

Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. The subsequent production of lithium hydroxide will take place in South Korea. POSCO developed its own extraction technology for lithium in 2010.

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Argentina South Korea South America Financing 369

Green Car Congress

JANUARY 16, 2023

Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. The joint investment will pave the way for Hanwha to lead the rapidly-growing energy storage market and future Urban Air Mobility business. They include enclosure, heat management and other balance of system.

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Building Energy Batteries Battery 199

Green Car Congress

JANUARY 16, 2019

million electric vehicles to be sold globally in 2019. million units—around 57% of the global market. China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019. In markets like the US and the UK, direct purchase subsidies are already starting to wind down.

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2019 Global Sale South Korea 392

Teslarati

APRIL 3, 2024

LG Energy Solution (LGES) plans to start hiring workers for the Arizona battery manufacturing complex by the end of 2024. billion battery manufacturing complex. LGES added that it Tesla 4680 battery production by LG starting later this year LGES is building two manufacturing facilities in Arizona.

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Arizona South Korea Manufacturer Energy 93

Green Car Congress

NOVEMBER 13, 2022

As demand for electric vehicles (EVs) soars, spurred by government incentives and a push to decarbonize the transportation sector, the global battery industry is set to attract significant attention and investment. On the back of this, demand for battery cathodes and anodes is also set to rocket. million tonnes last year.

Energy 195

Energy Batteries Battery South Korea 195

Green Car Congress

JUNE 29, 2021

The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

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Global Production 2020 South Korea 397

Green Car Reports

AUGUST 21, 2021

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.

South Korea 215

South Korea Charging Hyundai Batteries 215

Green Car Congress

NOVEMBER 4, 2022

Qorvo, a global provider of connectivity and power solutions, and SK Siltron CSS, a semiconductor wafer manufacturer, finalized a multi-year supply agreement for silicon carbide (SiC) bare and epitaxial wafers. SiC devices are more efficient at handling high powers and conducting heat than traditional silicon.

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Supplies South Korea Global Battery Powered 199

Green Car Congress

MAY 30, 2017

Samsung SDI has completed construction of its electric vehicle (EV) battery plant in Hungary. Sitting on a 330,000 m 2 site in Goed, the plant is capable of producing batteries for 50,000 electric vehicles annually with operations expected to begin in the second quarter of next year. —Samsung SDI President Jun Young-hyun.

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Hungary Global South Korea Batteries 170

Green Car Congress

DECEMBER 15, 2022

Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, raised $214 million in additional financing from a consortium including Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel. Earlier post.) Earlier post.)

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Lithium Ion Oman Batteries Battery 150

Teslarati

FEBRUARY 15, 2024

LG Energy Solution (LGES) signed an offtake agreement with WesCEF to expand its lithium supply chain for the North American market. According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate. The South Korean company is a longtime Tesla supplier.

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Supplies Market Arizona Energy 96

Green Car Congress

OCTOBER 24, 2022

The new entity produces and markets Lioaccum carbon nanotube (CNT) conductive dispersions for lithium-ion battery cathodes specifically developed for electric vehicles (EVs). Mass production at the Ujhartyan Factory, which employs 30 people, started in July 2022.

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Hungary Li-ion Supplies South Korea 170

CN EV Post

DECEMBER 26, 2023

And let's not forget that BYD's "invasion" of the foreign markets is just beginning. And I'm not talking about US and Europe; rather, I'm talking about Latin America, Africa, the rest of Asia apart from China, Japan, and South Korea, and so on. More so when Tesla uses BYD batteries outside the US.

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BYD South Korea Market Tesla 75

Green Car Congress

AUGUST 24, 2023

billion) investment in its domestic battery production base in Seosan, South Korea, paving the way for the completion of a core infrastructure that will fortify Korea’s domestic electric vehicle battery industry. SK On will make a KRW 1.5-trillion trillion (US$1.1-billion)

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Manufacturer South Korea Batteries Battery 150

Green Car Congress

DECEMBER 23, 2020

LG Electronics and Magna International announced a joint venture (JV) to manufacture e-motors, inverters and on board chargers and, for certain automakers, related e-drive systems to support the growing global shift toward vehicle electrification.

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Market South Korea United States Chevrolet 186

Green Car Congress

JANUARY 11, 2021

With sales of 2,164,187 units (-7.5%), Mercedes-Benz maintained a leading global position compared with its core competitors. Mercedes-Benz benefited from the ongoing recovery in many markets in the second half of the year. 1,024,315 units were sold in the Asia-Pacific region (+4.7%).

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Mercedes 2020 Sale Global 301

Green Car Congress

NOVEMBER 22, 2022

The new Clarksville plant will be the largest of its kind in the United States, covering 420 acres with a production target of 120,000 tons of cathode material annually by 2027 to power batteries in 1.2 LG Chem applied this technology for the first time to its fourth cathode manufacturing site in Cheongju, South Korea with much success.

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Tennessee South Korea Building Renewable 259

Green Car Congress

DECEMBER 4, 2018

South Korea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. SK Innovation has applied high energy density ternary materials to lithium-ion batteries for mass production.

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Georgia Manufacturer Building Lithium Ion 285

Green Car Congress

SEPTEMBER 6, 2023

Scheduled for completion in 2025, the new facility will start production with e-motors and plans to offer a suite of electrified powertrain solutions in the future, including inverters and on-board chargers for the growing EV market. This new facility seeks to amplify the growth of LG Magna e-Powertrain in the Europe-an market.

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Hungary South Korea Mexico Europe 195

Teslarati

JANUARY 10, 2022

South Korea-owned LG Energy Solution, which currently stands as the world’s second-largest electric vehicle battery maker after China’s Contemporary Amperex Technology (CATL), is looking to raise $11 billion as part of its efforts to play a larger role in the electric vehicle battery market.

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South Korea Energy Batteries Battery 141

Green Car Congress

JULY 31, 2019

The total demand for batteries from the stationary storage and electric transport sectors is forecast to be 4,584GWh combined by 2040, providing a major opportunity for battery makers and miners of component metals such as lithium, cobalt and nickel. Global cumulative energy storage installations. Source: BloombergNEF.

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Energy Storage Grid Global Energy 225

Green Car Congress

JANUARY 27, 2023

These announcements are part of an investment strategy that allows Volvo CE to advance electric solutions across its production facilities, including also the Konz facility in Germany, Belley in France and Changwon in South Korea, where other electric machines are made.

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Volvo Production Sweden South Korea 273

Green Car Congress

JULY 25, 2023

Group14 Technologies, a manufacturer and supplier of advanced silicon battery technology, has acquired advanced silicon material company Schmid Silicon Technology Holding GmbH (Schmid Silicon), the most technologically advanced silane producer in Europe.

South Korea 150

South Korea Lithium Ion Germany Washington 150

CleanTechnica EVs

MAY 6, 2022

By Assaf Oron 3rd Place, 62 Points: South Korea (8th In 2020) Years ago, the Korean industry — both automakers and battery makers — saw the EV writing on the wall, and did what Koreans do: […]. This piece continues my annual rundown of the top 10 EV countries in the world! See part 1 if you missed it.

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South Korea Parts Global 2020 98

Electric Vehicles India

NOVEMBER 15, 2021

EVs new sales increased by 26% in global automotive market. million units representing 26% of new sales in the global automotive market. The topmost 3 auto markets are China, the US, and Europe and among them, China is the world’s top EV market with 1.1 EVs sales double in Korea . million units.

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Global Sale Market South Korea 59

Green Car Congress

NOVEMBER 5, 2020

Photo: Panoramic view of LG Chem’s petrochemical complex in Yeosu, South Korea. LG Chem will start replacing fossil feedstock commonly used in the manufacturing of polymers and chemicals with Neste Renewable Hydrocarbons in the upcoming months.

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Polymer South Korea Industrial Industry 243

Green Car Congress

JUNE 22, 2009

The Yomiuri Shimbun reported that the government of South Korea will introduce new regulations on the manufacture and sale of products containing lithium-ion batteries on 1 July. The rules reportedly could shut out products using Japanese-made lithium batteries from the South Korean market.

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South Korea Li-ion Lithium Ion Production 150

Green Car Congress

MAY 7, 2018

The Nikkei reports that Leading Japanese manufacturers have teamed up with the government in a program to develop solid-state batteries. The new program teams the Consortium for Lithium Ion Battery Technology and Evaluation Center ( Libtec ) with companies such as Toyota Motor and Panasonic.

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Japan South Korea Batteries Battery 207

Green Car Congress

NOVEMBER 8, 2021

is expanding its strategic plan to provide battery-grade nickel and cobalt, recycled battery materials and precursor material to the North American battery supply chain. will change its name to Electra Battery Materials Corporation. Canada-based First Cobalt Corp. To better reflect the company’s vision, First Cobalt Corp.

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Batteries Battery North America Lithium Ion 170