Kwangmu is changing its main business from network equipment to secondary battery materials. This year, they signed a contract worth more than 40 billion won to supply lithium salt (LiPF6), a raw material for electrolytes. Electrolyte additive factories are also being built additionally. They are also actively pushing ahead Merges & Acquisitions of secondary battery… Continue reading Kwangmu, starts full-fledged secondary battery material business
Tag: Electric vehicles
Tesla mulls exporting made-in-China EVs to US, Canada
Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its largest factory to North America, its largest market. Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in Gigafactory Shanghai could be sold in North America as soon as next year,… Continue reading Tesla mulls exporting made-in-China EVs to US, Canada
Indonesia’s Adaro signs MoU with Hyundai for aluminium supply
Indonesian metals company PT Adaro Minerals Indonesia Tbk has signed a memorandum of understanding (MoU) with South Korea’s Hyundai Motor Company on aluminium supply for automobile manufacturing, Adaro said in a statement on Sunday. The MoU was signed on the sidelines of the G20 summit in Bali, Indonesia. Under the MoU, Hyundai would secure the right to purchase aluminium produced by Adaro‘s subsidiary PT Kalimantan Aluminum Industry at an early stage of… Continue reading Indonesia’s Adaro signs MoU with Hyundai for aluminium supply
Electric Vehicles Start to Enter the Car-Buying Mainstream
Buyers of battery-powered cars are concerned about climate change, but lower costs are also a powerful attraction, according to more than 3,000 respondents to a request for stories about electric car purchases on The New York Times’s website. Driving on electricity is generally much cheaper than gasoline. Scores of respondents said they were using energy… Continue reading Electric Vehicles Start to Enter the Car-Buying Mainstream
Ford vs. GM: Same industry, two increasingly different companies
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor The two have consistently attempted to outgun each other in sales, performance and styling of new vehicles.… Continue reading Ford vs. GM: Same industry, two increasingly different companies
Tesla wants EVs of all brands to use its charging connector
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Hyundai Motor Company and PT Adaro Minerals Indonesia, Tbk. Signed a Memorandum of Understanding to Secure Aluminum Supply in the Face of Growing Demand for Automobile Manufacturing
Hyundai Motor and PT Adaro Minerals Indonesia, Tbk. (AMI) to also establish a comprehensive cooperative system regarding the production and supply of aluminum Based on cooperation in the production of cars, battery cells, and aluminum in Indonesia, Hyundai Motor Company will continue to discover areas of cooperation to secure future leadership of eco-friendly automobiles in… Continue reading Hyundai Motor Company and PT Adaro Minerals Indonesia, Tbk. Signed a Memorandum of Understanding to Secure Aluminum Supply in the Face of Growing Demand for Automobile Manufacturing
Carbon Black Market Size to Grow USD 16080 Million by 2028 with a CAGR of 4.6% | Valuates Reports
BANGALORE, India, Nov. 11, 2022 /PRNewswire/ — Carbon Black Market is Segmented by Type (Thermal Black, Furnace Black), by Application (Tire Rubber, Other Rubber products, Non-Tire Rubber, Ink and Coating, Plastic): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Chemicals Industry Category. The global Carbon Black market size is estimated… Continue reading Carbon Black Market Size to Grow USD 16080 Million by 2028 with a CAGR of 4.6% | Valuates Reports
Prime Batteries Technology and EIT InnoEnergy join forces to scale up battery and storage production in Europe
Prime Batteries Technology produces state-of-the-art lithium-ion batteries and tailor-made battery systems for the automotive, smart grids, and industrial sectors. The company possess unique expertise on integrated battery production that includes cells manufacturing, modules and packs building, as well as constructing and operating grid scale Energy Stationary Storage (ESS) units. The company has signed an investment… Continue reading Prime Batteries Technology and EIT InnoEnergy join forces to scale up battery and storage production in Europe
2022 DEKRA Awards presented in new categories
Forward-looking Concepts for a Complex World – Outstanding innovations for business and society honored – “Safety,” “Security,” and “Sustainability” categories included for the first time – Kraftblock GmbH wins vote in “Startups” category STUTTGART, Germany, Nov. 11, 2022 /PRNewswire/ — DEKRA, the international expert organization, has announced the winners of the DEKRA Award 2022. This year’s… Continue reading 2022 DEKRA Awards presented in new categories