Automotive
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EcoPro to receive lithium hydroxide for lithium-ion battery cathode material from Germany's AMG
SEOUL -- In a bid to secure a stable supply of crucial raw materials, EcoPro BM, a leading producer of core materials for batteries in South Korea, will receive some 5,000 tons of lithium hydroxide, an inorganic compound used for the production of cathode materials for lithium-ion batteries, annually from AMG Lithium, a Frankfurt-based producer of lithium-containing materials. Lithium hydroxide is preferred over lithium carbonate because lithium hydroxide battery cathodes have more
7 September 2022
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Lotte Chemical completes pilot plant to produce tanks for fuel cell electric vehicles
SEOUL -- Lotte Chemical, a major chemical company based in South Korea, has completed a pilot plant for the production of hydrogen tanks for fuel cell electric vehicles. It is designed to produce up to 15,000 50-liter hydrogen tanks annually. Lotte Chemical said it would develop various capacity hydrogen tanks and apply them to commercial vehicles and drones. "Hydrogen tank technology plays an important role in storing and utilizing hydrogen with the growth of hydrogen mobili
7 September 2022
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SK ecoplant becomes largest shareholder of U.S. waste battery recycling company Ascend Elements
SEOUL -- SK ecoplant, an environmental and energy solution provider affiliated with South Korea's SK Group, has strengthened its presence in the recycling of discarded electrical or electronic devices such as waste electric vehicle batteries by becoming the largest shareholder of Ascend Elements, an innovative U.S. waste battery recycling company. SK ecoplant said it has signed a stock purchase agreement of $50 million with Ascend Elements, which has efficient technologies to
1 September 2022
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LG Innotek talks with Tesla on potential deal to supply camera modules
SEOUL -- LG Innotek, the electrical component wing of South Korea's LG Group, is talking with Tesla on a potential deal to supply camera modules for electric vehicles. Details were not given, but the module maker has been registered as a supplier of parts for Tesla vehicles. In a regulatory filing on August 25 to respond to a new report that Tesla would receive LG Innotek's camera modules worth one trillion won ($751 million), the South Korean company said that discussion
26 August 2022
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POSCO Chemical clinches $804 million supply deal for ESS cathode material
SEOUL -- POSCO Chemical, a unit of South Korea's top steel group POSCO, has clinched an $804 million deal to provide cathode materials for an energy storage system probably to a domestic client. Energy storage systems (ESSs) are normally used to store energy generated by renewable energy sources and redistribute electricity when green energy sources are not active. The deal reflects POSCO Chemical's aggressive strategy to build a mass-production base abroad and become a glo
25 August 2022
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Hyundai in-house venture's robot used for pilot last mile delivery service from CU convenience store
SEOUL -- An autonomous robot created by Mobinn, an in-house venture of South Korea's Hyundai auto group, will be deployed for a pilot last-mile delivery service from a convenience store to the doorstep of customers. The goal is to check the driving performance of delivery robots and their ability to overcome obstacles in urban environments. BGF Retail, the operator of South Korea's largest convenience store chain CU, tied up with Mobinn and NICE Information & Telecomm
25 August 2022
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Researchers use redox-active interlayer strategy to develop high-energy lithium-sulfur batteries
SEOUL -- Lithium-sulfur batteries have higher energy density than lithium-ion batteries, but it was not easy to commercialize them as their life and safety degrade. When lithium and sulfur meet during charging and discharging, it becomes lithium sulfide, also known as lithium polysulfide. Due to the high solubility, lithium polysulfide can be lost during repeated charging and discharging. A conventional strategy to mitigate such problems is to immobilize lithium polysulfide (LiPSs
24 August 2022
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Hanwha Aerospace secures $165 million contract to supply electromechanical actuators for Vertical's eVTOL vehicle
SEOUL -- Hanwha Aerospace, an aircraft parts maker affiliated with South Korea's Hanwha Group, has secured a 10-year contract worth about $165 million from Britain's electric aviation company Vertical Aerospace to supply high-performance electromechanical actuators for an electric vertical takeoff and landing (eVTOL) vehicle. An electromechanical actuator that converts electricity to mechanical force is a core component for personal air vehicles. Vertical's eVTOL model,
23 August 2022
