The DOE’s Loan Programs Office has announced a conditional commitment for an $850-million loan to finance construction of KOREPlex, a new production facility that US battery manufacturer KORE Power plans to build in Buckeye, Arizona. Final issue of the loan is several steps away, and is dependent on certain milestones being reached. The plant, part… Read more »
Search Results Found For: "KORE POWER"
KORE Power chooses Siemens to provide infrastructure tech for Arizona battery plant
US battery cell developer KORE Power has selected manufacturing conglomerate Siemens to support the KOREPlex, KORE’s planned 12 GWh lithium-ion battery cell production facility in the Phoenix area. Siemens Smart Infrastructure technology and capital from Siemens Financial Services will, says KORE, help accelerate construction of its Buckeye, Arizona, facility to meet the growing demand for… Read more »
KORE Power to build 12 GWh battery cell plant in Arizona
KORE Power, a developer of battery cell technology for the energy storage and EV industries, plans to build a lithium-ion battery manufacturing facility in Maricopa County, Arizona. The company claims this will be the first battery plant to be wholly owned by a US company. It will certainly be the first announced in recent years… Read more »
POSCO International’s drive motor core to power millions of Hyundai-Kia EVs
South Korean manufacturer POSCO International has secured an order for several million drive motor cores to be fitted on Hyundai-Kia’s Seltos class EVs and produced locally in Europe from 2025 to 2034. The order supports POSCO’s plans to build a production plant in Brzeg, Poland, which will become the center of its European drive motor… Read more »
2023 Hyundai Ioniq 6: Korean Model 3 clone, or something else altogether?
Battery-electric sedans are a rare breed— that makes Hyundai’s striking Ioniq 6 a strong new entry. Quick, name all the battery-electric sedans for sale in the US—that aren’t Teslas. By our count, there’s only been one: the pricey, luxury Lucid Air. Now, there’s another: the 2023 Hyundai Ioniq 6 is on sale at your local… Read more »
Kindred and KORE cooperate on battery modules for vintage vehicles
Kindred Motorworks, a San Francisco Bay Area producer of modernized vintage vehicles, has partnered with Idaho-based KORE Power, a developer of battery cell technology, to supply battery modules for the electrified models in the Kindred lineup. The first two Kindred vehicles that will use KORE’s technology are its VW Bus and its 3100 pickup truck,… EV Batteries, Kindred Motorworks, KORE Power
Korean researchers suggest quantum charging could shorten EV charging times
In a new study, researchers from South Korea’s Institute for Basic Science (IBS) explore quantum physics as a possible mechanism to increase the charging rate of batteries. The concept of a quantum battery was first proposed in a paper, “Extractable work from ensembles of quantum batteries,” that was published in 2012. It was theorized that… Read more »
SES Korea to focus on Li-metal battery supply chain and automotive A-samples
High-performance Li-metal EV battery developer and manufacturer SES AI (formerly known as SolidEnergy Systems) has incorporated a subsidiary called SES Korea. The business plans to build a pre-production facility in South Korea to expand its battery supply chain and work on its A-sample joint development agreements with automakers. SES Korea expects to have about 50… Read more »
Charging stations in South Korea to store energy with redox flow batteries
VFlowTech, a Singapore-based firm that manufactures modular vanadium redox flow batteries, will join Seoul National University of Science & Technology (SeoulTech) and systems integrator CompanyWE to install EV charging infrastructure at gas stations in South Korea. The pilot charging sites will incorporate an energy storage system using VFlowTech’s 150 kW modular PowerCube flow batteries. The… Read more »
LG Electronics and Magna announce powertrain joint venture
LG Electronics and Magna International have established a joint venture to manufacture e-motors, inverters and on-board chargers. The new company, LG Magna e-Powertrain, will be headquartered in Incheon, South Korea, and is expected to have more than 1,000 employees in the US, South Korea and China. Powertrain development will be based on Magna’s electric powertrain… Read more »