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 »
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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 »
UCAP Power acquires ultracapacitor-related assets from Maxwell Technologies
UCAP Power, a San Diego-based developer of ultracapacitor-based power solutions, has purchased the Korean-based ultracapacitor business of Maxwell Technologies, along with other related assets, including the Maxwell brand. Maxwell Technologies is probably best known for being acquired by Tesla in 2019, which many believed had less to do with its pioneering work with supercapacitors (aka… Read more »
ABB to supply electric power systems for ten Lisbon ferries
Electronics giant ABB has secured a contract with Spanish shipbuilder Astilleros Gondán to supply an electric power solution for urban passenger ferries that will operate on Lisbon’s Tagus river. The ten new ferries will be operated by the public ferry company Transtejo on three key routes linking Lisbon to Cacilhas, Seixal and Montijo on the… Read more »
LG Chem launches carbon nanotube plant in Korea
LG Chem has launched what it says is the largest carbon nanotube (CNT) plant in Korea. The company is targeting the growing market for CNT, often used as a cathode material for EV batteries. CNT has the same level of electrical and thermal conductivity as copper and diamond, and 100 times the strength of steel. … Read more »
South Korea to officially adopt CCS fast charging standard
The war is winding down. After years of conflict between the CHAdeMO and CCS DC fast charging standards, it’s beginning to look as if CCS is destined to be the ultimate victor, at least outside of Japan. Business Korea (via Green Car Reports) reports that the South Korean Agency for Technology and Standards plans to… Read more »
POSCO begins lithium production in Korea
Korea-based steel-maker POSCO has begun commercial production of lithium in South Korea for the first time. In February, POSCO completed a lithium extraction plant with an annual capacity of 2,500 tons. Speaking at the opening ceremony, Jong-joo Kim, the Director of the Korean Ministry of Trade, Industry and Energy, noted that Korea, a major battery… Read more »
Korean battery-maker SK Innovation doubles production capacity
SK Innovation, a unit of SK Group, is a small fish in a sea of Asian battery suppliers like Panasonic, Samsung and LG, but its automotive customer base is growing, and it is rapidly ramping up production. Since the Korean firm opened its battery plant in Seosan in 2012, it has been enlarging its production… Read more »
UQM Technologies grows from pioneer to power player in vehicle electrification
With its integrated electric propulsion systems spreading across the globe in all conceivable vehicle types, UQM Technologies could be called the biggest little company in the EV industry. Over the past few years, the company seems to have entered its prime, as in one of those TV commercials where a deep, authoritative voice tell us… Read more »