Automotive

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  LG Innotek unveils plastic-glass hybrid lenses for autonomous driving camera modules SEOUL -- LG Innotek, the electrical component wing of South Korea's LG Group, unveiled two types of high-performance hybrid lenses for autonomous driving that reduced size and increased price competitiveness by cross-applying thin plastic and glass to improve performance. The company anticipates a great impact on cameral module markets. LG Innotek said that hybrid lenses for a driver monitoring system (DMS) and an advanced driver assistance system (ADAS) are 20 to 30 percent thi 2022-12-07
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  Nexen Tire develops AI-based road surface detection and braking distance analysis technology SEOUL -- Nexen Tire, a major tire maker in South Korea, has partnered with Hyundai Motor and a university research team to develop road surface detection technology using artificial intelligence and big data of noises on various types of roads. The technology will be used for autonomous vehicles to analyze the road surface and optimize its braking distance. The braking distance of a car is affected by the types of roads and the condition of car tires. Based on experience and intu 2022-12-05
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  Transport ministry lifts regulations on home OTA updates for EV drivers SEOUL -- South Korea's transport ministry has lifted regulations on over-the-air updates of smart cars and electric vehicles, paving the way for domestic carmakers to have a share in the global OTA market that is growing at a whopping annual average growth rate of 17.9 percent. Customers can also conveniently update their cars at home like smartphones. The over-the-air (OTA) feature allows carmakers to wirelessly update the features and systems of EVs using commercial mobile co 2022-12-01
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  Forklift equipped with Hyundai Mobis fuel cell power pack selected for state demonstration SEOUL -- A five-ton hydrogen forklift equipped with a fuel cell power pack developed by Hyundai Mobis, a parts-making wing of South Korea's Hyundai auto group. The forklift can be quickly charged within 5 minutes and can be used for five consecutive hours on a single charge. Hyundai Mobis has developed a power pack for forklifts using the fuel cell system of hydrogen electric vehicles. The demonstration sponsored by the Ministry of SMEs and Startups began after a ceremony on Nov 2022-11-30
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  SK on ties up with China's GEM to establish nickel joint venture in Indonesia SEOUL -- A U.S. inflation reduction act puts pressure on many South Korean companies to reduce their traditional reliance on Chinese raw materials and set up a diversified supply chain, especially in the manufacturing and distribution of electric vehicle batteries. Realistically, it's hard to cast off the yoke of the world's second-largest economic power which has already established itself as South Korea's indispensable trade partner. SK on, a battery maker affiliated w 2022-11-25
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  LG Display develops 'invisible' thin and light speaker with film-type vibration generator SEOUL -- LG Display, a major flat panel maker affiliated with South Korea's LG Group, has developed a thin and light speaker capable of implementing high-quality sound. When applied to cars, speakers can not be seen in the eyes of passengers, increasing the degree of freedom in interior design, and dramatically reducing the space occupied by conventional speakers to use boarding space more widely. LG Display said its "Thin Actuator Sound" solution would be commercial 2022-11-21
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  Hyundai Mobis unveils new technology to choose in-vehicle screen menu with gestures SEOUL -- A new technology developed by Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, allows users to choose the menu they want with just gestures and choose it with one touch. The frequently used menu pops up in the direction of users just by touching their hands close to the vehicle display while driving. The use of vehicle infotainment (IVI) systems will become more convenient by minimizing the driver's movements, preventing visual dispersion, 2022-11-17
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  Hyundai auto group to introduce advanced air mobility in Indonesia's future capital SEOUL -- The urban air mobility team of South Korea's Hyundai auto group will help build an advanced air mobility ecosystem in Nusantara, the future capital of Indonesia. Urban air mobility (UAM) is an ecosystem involving flying passenger vehicles in urban areas. Advanced air mobility (AAM) builds upon the UAM concept by incorporating use cases not specific to operations in urban environments. Under a memorandum of understanding signed during the B20 summit in Bali on November 2022-11-15
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  Iljin Materials attracts $19 million to build electric foil plant in Spain SEOUL -- Iljin Materials, the producer of core materials for lithium batteries in South Korea, has attracted 25 billion won ($19 million) from Spain's state fund that would be used for establishing an electric foil plant with an annual production capacity of 30,000 tons by 2024 in Catalonia. Iljin said it would secure a site for the potential expansion of its production in Spain to meet customer demand. "This investment will be very helpful in building a competitive product 2022-11-14
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  SK nexilis claims to be 'industry-first' in developing copper foil for 4680 cylindrical batteries SEOUL -- SK nexilis claimed to be "industry-first" in developing a copper foil product with a high elongation rate that would be used for cylindrical batteries with a diameter of 46mm and a height of 80 mm. Mass production is to begin in 2023. Battery foils made of aluminum and copper are used as anodes and cathodes for secondary batteries. Foils work as the bridge between external components and internal lithium-ion transports. High-capacity cylindrical batteries require 2022-11-14
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  Young Poong opens waste battery recycling pilot plant with first dry melting method SEOUL -- Young Poong, a non-ferrous metal smelting and refining company in South Korea, opened a waste battery recycling pilot plant that adopted an industrial-sized dry melting method for the first time in the world to recover more than 90 percent of valuable metals such as lithium, nickel, cobalt and copper. It is capable of handling about 2,000 tons of waste batteries per year. In recovering metals from recycled or residual materials, pyrolysis is a process of temperature decompo 2022-11-08
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  Hyundai Glovis jumps into renewable energy business using pent electric vehicle batteries SEOUL -- Hyundai Glovis, the logistics wing of South Korea's Hyundai auto group, jumped into a renewable energy business using pent electric vehicle batteries for residents in remote islands, which have relied on internal combustion engines to generate electricity. Hyundai Glovis said it has signed a business agreement LS Electric, a. manufacturer of electrical power equipment, and Korea Hydro & Nuclear Power (KHNP), the state-run operator of nuclear power plants, for 2022-11-07
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  SK on signs five-year contract to receive key lithium battery material from Chile's SQM SEOUL -- SK on, a battery maker affiliated with South Korea's SK Group, has signed a five-year contract to receive about 57,000 tons of lithium hydroxide, a key material for electric vehicle batteries, from SQM, a Chilean supplier of plant nutrients, iodine, lithium and industrial chemicals, as part of efforts to reduce its reliance on Chinese raw materials regulated by a U.S. inflation reduction act. Shipment is to begin in 2023. SK on said that the two sides would discuss futu 2022-11-07
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  Doosan Enerbility jumps into battery recycling market with eco-friendly method SEOUL -- Doosan Enerbility, a power plant equipment manufacturer in South Korea, jumped into the waste battery recycling market through cooperation with L & F, a domestic cathode active material producer, to extract lithium from waste powder generated during the production of cathode materials. With L & F's waste power, Doosan Enerbility will extracts lithium with its patented technology that selectively separates lithium using distilled water and extracts lithium carbon 2022-11-01
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  Hyundai Motor's hexagonal-shaped future city concept inspired by honeycomb pattern SEOUL -- A smart city reference model designed by South Korea's Hyundai auto group minimizes environmental damage by limiting development areas and preventing indiscriminate expansion. Inspired by a honeycomb pattern, the concept is a hexagonal-shaped urban development with a human-centered surface layer and a functional underground layer. The auto group unveiled a virtual public exhibition of the concept that envisions a sustainable green city where large natural areas are p 2022-10-31
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  POSCO opens solid electrolyte factory with initial production of 24 tons per year SEOUL -- South Korea's leading steel group POSCO opened a solid electrolyte factory capable of producing 24 tons per year. The group will expand production gradually as part of its strategy to become a global player in the battery material market. The solid electrolyte factory in Yangsan, some 290 kilometers (180 miles) southeast of Seoul, will be jointly run by POSCO Holdings and Jeong Kwang, a domestic solid electrolyte material manufacturer, which set up a joint venture name 2022-10-28
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  LGES signs supply deal with Australia's Syrah to receive 2,000 tons of natural graphite SEOUL -- LG Energy Solution signed a supply deal with Syrah Resources, a resource company based in Australia, to receive 2,000 tons of natural graphite, a key component of lithium-ion batteries, from a plant to be built in Louisiana. The deal will help the South Korean battery maker reduce its reliance on Chinese raw materials regulated by a U.S. inflation reduction act. Under a memorandum of understanding, LG Energy Solution (LGES) will increase the scale of cooperation with Syr 2022-10-20
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  Hyundai Rotem to install second hydrogen extractor at special demonstration zone SEOUL -- Hyundai Rotem, a subsidiary of South Korea's Hyundai auto group, will install its second hydrogen extractor at a fusion charging station that uses biogas to produce and supply high-purity hydrogen after its first extractor showed a stable run with an operating rate of 99 percent in a special demonstration zone in Chungju, some 90 kilometers (56 miles) south of Seoul. In the demonstration zone that opened in March 2022, Hyundai Rotem installed its first hydrogen extracto 2022-10-18
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  Hyundai auto group reveals new roadmap to convert all cars to software-defined vehicles by 2025 SEOUL -- South Korea's Hyundai auto group revealed a new roadmap to convert all cars to software-defined vehicles by 2025 that can allow customers to remotely upgrade the performance and functionality of their vehicles anywhere at any time. The group expects 20 million vehicles to be registered to its connected car service worldwide by 2025. Connected vehicles provide personalized services such as software subscriptions. All models, including those already purchased, will be ap 2022-10-12
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  SK on makes equity investment in Australia's Lake to receive high-purity lithium for up to 10 years SEOUL -- SK on, a major battery maker affiliated with South Korea's SK Group, made a strategic equity investment in Lake Resources, a clean lithium developer based in Australia, to acquire a 10 percent stake and receive 230,000 tons of high-purity lithium for up to 10 years, starting in the fourth quarter of 2024. The deal underlines SK on's efforts to diversify a supply chain of raw materials for electric vehicle batteries. SK on said it has signed a conditional framewo 2022-10-12