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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

Green Car Congress

Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. The Hyundai Elantra Hybrid, LPi hybrid vehicle introduced in 2009, was the Group’s first electrified model.

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CATL accelerates overseas expansion as it outgrows China’s booming EV market

Baua Electric

CATL is doubling down on its global expansion efforts as it seeks more growth in overseas markets. With CATL’s chairman now leading the efforts, the company is making overseas growth a top priority as it outgrows China’s surging EV market. share of the market. Despite incoming competition, CATL’s market share grew from 36.2%

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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 In 2019, the Group signed an agreement with Cummins Inc.

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CATL still dominates the EV battery market share in 2024, but BYD is gaining ground

Baua Electric

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL still owns over a third of the market, but BYD looks to close the gap with new lower-priced EVs. of the market through April 2024. The company’s market share was up from 14.3%

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Nissan launches all-new Note in Japan, exclusively with second-generation e-POWER electrified powertrain

Green Car Congress

As the company’s best-selling model in its home market, the car continues to play a key role in the Nissan NEXT global business transformation plan. 2020 Nissan Note e-POWER (Japan Market). The second-generation e-POWER system has an all-new electric motor and inverter. The AWD model is scheduled for launch in December.

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SETEC POWER Emergency Mobile EV Charging System Unveiled in Bali

Setec Powerr

Jakarta – PT Toyota-Astra Motor (TAM) officially handed over 143 units of battery electric vehicles to the government to support the G20 Summit held in Bali on November 15-16. Besides being attended by Minister of State Secretary Pratikno, the event was also attended by the Japanese Ambassador to Indonesia, Kanasugi Kenji.

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Roskill: automotive batteries and stainless steel to drive nickel demand

Green Car Congress

In its new ten-year market outlook to 2027, Roskill, a leading provider of international metals and minerals research, forecasts primary nickel consumption to rise by just under 4% per year between 2017 and 2027, driven by increased consumption by stainless steel producers and by growth in demand in the automotive battery sector.

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