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 »
Search Results Found For: "KORE POWER"
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 »
South Korean plan turns ordinary 220V outlets into charging stations
Ironically, South Korea, home to some of the world’s leading producers of Li-ion batteries including LG Chem and Samsung, still has a comparatively tiny EV market. Total plug-in sales in 2014 were 850, far below a tenth of 1% of total vehicle sales. Neighboring Japan has around 110,000 plug-in vehicles on the road, compared to around 1,800… Read more »
LG Chem Power CEO: We’re the Li-ion leader for PEVs because of material science
Q&A with LG Chem Power’s CEO: Dr. Prabhakar Patil on how the company became a Li-ion battery front-runner, the economics of building batteries, and why it spends little energy on what comes after lithium. Among Tier 1 automotive suppliers of lithium-ion cells, LG Chem is off to a clear lead, based on the number of announced… Read more »