The South Korean SK Group, which recently acquired almost ten per cent of the shares in the US fuel cell specialist Plug Power, presented a long-term, multi-billion-dollar plan to enter the hydrogen economy even more comprehensively.
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Hyundai has selected CATL as another battery cell supplier for its electric cars based on the E-GMP platform – but probably only those vehicles that will be launched after 2023. This was reported by South Korean media and Hyundai has yet to confirm the deal.
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The Korean company Posco Chemical has announced that it will invest 275.8 billion won (about 204 million euros) to further increase its production capacities for cathode materials for use in electric car batteries. Plants in China and Europe are probably also conceivable in the future.
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The South Korean government, in close cooperation with the industry, has decided to push technological innovations in the field of e-mobility so strongly that the prices for electric cars will drop by the equivalent of at least 7,500 euros by 2025.
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Tesla has launched its electric SUV Model Y in South Korea, making its second model in the market after the Model 3 launched in 2019. The Model Y will be available in three trim levels, with the starting price for the standard range model set at 59.99 million won ($54,191).
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ABB has won an order from South Korean shipyard Haemin Heavy Industries. The Swiss company will supply a complete power supply and propulsion solution for the Busan Port Authority’s first all-electric passenger ferry.
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South Korea plans to install 3,000 new fast-charging stations for electric cars throughout 2021. The Ministry of Finance also plans to include 43 ultra-fast charging stations for the first time this year and will subsidise carmakers to secure sites for at least another 80 HPC stations.
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SQM (Sociedad Química and Minera de Chile) has entered into a long-term agreement to supply lithium products to LG Energy Solution, the recently independent battery division of LG Chem. The contract is expected to run through 2029.
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South Korea’s first hydrogen-powered garbage truck entered service a few days ago in Changwon. The 5-ton truck with fuel cell will initially be tested for one year as part of a project of the South Korean Ministry of Trade, Industry and Energy with Hyundai Motor and the Korea Automotive Technology Institute.
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The South Korean SK Group is investing 1.5 billion US dollars in Plug Power and acquiring just under ten per cent of the shares in the US fuel cell specialist in return.
Weiterlesen CATL wants to massively expand its production capacities for battery cells, to 230 GWh this year and to 1,200 GWh in 2025. In parallel, the Chinese battery manufacturer is aiming to expand to Japan, Indonesia, the USA and Europe.
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The South Korean government has decided to stop providing subsidies for electric vehicles that cost more than 90 million won (the equivalent of around 67,800 euros). A further price level will be added confirming what was rumoured over the summer.
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LG Electronics and Magna have announced a joint venture to manufacture electric motors, inverters and onboard chargers. The joint venture, tentatively named ‘LG Magna e-Powertrain,’ will also manufacture complete electric drive systems for automobile manufacturers.
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It looks like Hyundai is considering ceasing Kona Electric sales on the South Korean market following two recent recalls of the electric model. In Europe, sales of the Kona Electric will continue.
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LG Chem has completed the development of its Module Pack Integrated Platform (MPI). With the new platform, the battery specialist is pursuing a similar approach to CATL with its cell-to-pack battery whereby the cells are integrated directly into the battery pack instead of first being built into modules.
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SK IE Technology, a subsidiary of SK Innovation, has commissioned a new factory for lithium-ion battery separators in Changzhou, China. It is the first separator plant outside Korea for the Group.
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The South Korean government has just unveiled a plan to greatly increase the number of battery-electric and hydrogen fuel cell car charging and refuelling stations among other things. This latest push is an attempt to get more people driving zero-emissions cars.
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In South Korea, Hyundai has had to recall around 25,000 Kona Electric for a faulty battery part. This follows around 13 incidents involving the LG Chem batteries of Kona electric cars. It is unclear if other markets are affected as well.
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Kia has published an update on its electrification strategy that builds on the ‘Plan S’ presented in January. The Korean company presented the first sketch of the electric sedan scheduled for launch in 2021.
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LG Chem of South Korea announces its newly developed lithium-sulfur batteries helped an unmanned aircraft (UAV) complete a test flight into the stratosphere. The drone with broad wings and solar cells also set a national altitude record.
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South Korean electric vehicle battery manufacturers more than doubled their market share between January and July 2020. In general, the market contracted by 16.8 per cent from 64.1 to 53.3 GWh capacity during the first seven months of the year due to corona.
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Hyundai has teamed up with the K-pop band BTS for the launch campaign of the new electric brand Ioniq. A song entitled ‘I’m On It’ was released in honour of the new subsidiary brand.
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After a preliminary ruling in favour of LG Chem was issued in the U.S. regarding the legal dispute between the South Korean battery manufacturers LG Chem and SK Innovation, the legal dispute between the two companies continued in South Korea – and a ruling has been made.
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The successful sales of Tesla in South Korea could lead to a withdrawal of the state premiums there. After Tesla vehicles benefited from 43 per cent of all subsidies paid out in the first half of 2020, the South Korean Ministry of the Environment has now announced changes.
Weiterlesen Hyundai is making Ioniq its own sub-brand for future battery electric vehicles based on the new Electric Global Modular Platform (E-GMP) with 800-volt technology. The first model will be the Ioniq 5 based on the Hyundai 45 concept car next year, with two further Ioniq models already announced.
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The South Korean capital Seoul is planning to successively ban the majority of diesel vehicles from the public sector and local transport fleets over the next five years. Both electric and hydrogen fuel cell vehicles will replace diesel vehicles.
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SK Innovation has announced that it is working with Professor John Goodenough to develop next-generation battery technology. This will involve a special electrolyte for lithium metal batteries.
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South Korea has extended the electric vehicle subsidies until 2025 as they increased the budget. The support scheme, which would have expired in 2022, also include buying premiums for buses and trucks with battery-electric and hybrid drives.
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The South Korean company Caris and Yuzhmash of Ukraine have signed an agreement for the construction of 5,000 electric buses and 7,800 charging stations. The Ukrainian state space agency also played a part in the contract.
Weiterlesen LG Chem wants to convert part of its battery cell production in South Korea for the manufacture of Tesla batteries. According to a media report, the capacity at LG Chem’s plant in Nanjing, China, which has been supplying Tesla’s Shanghai Gigafactory up to now, is no longer sufficient.
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