SEOUL : South Korea’s LG Energy Solution said on Wednesday quarterly profit more than doubled, as the battery maker benefited from subsidies from the U.S. Inflation Reduction Act and solid U.S. sales of electric vehicles. Its shares jumped as its earnings met forecasts. The company, which supplies Tesla Inc, General Motors Co and others, said […]
LG gets $6.1 bn worth order for EV parts in 1st half of 2022 – EQ Mag Pro
LG’s vehicle solutions business is estimated to have an accumulated order backlog of 65 trillion won by the end of the year, up 8 per cent from a year ago, reports said. SEOUL: LG Electronics said on Tuesday it has secured 8 trillion won ($6.1 billion) worth of new orders for electric vehicle (EV) parts […]
Kia Launches 1st All-Electric EV Sedan, Starts From $40K
Kia, South Korea’s second-biggest carmaker, on Monday launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year. Seoul : Kia, South Korea’s second-biggest carmaker, on Monday launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year. The EV6 is Kia’s first […]
Hyundai Motor Sets Up High-Speed EV Charging Station in Downtown Seoul
SEOUL : Hyundai Motor Group announced the launch of the Euljiro Center One E-Pit, a high-speed electric vehicle (EV) charging station, at Euljiro, central Seoul on Monday. The 24-hour charging station, open throughout the whole year, was built by Hyundai Motor Co. and Mirae Asset Global Investments, and is the first of its kind to […]
Samsung Lagging on Renewable Energy Pledge: Greenpeace
The firm needs to broaden and deepen its commitment if it is going to have a genuine impact in the fight against climate change. Seoul: Smartphone and chip giant Samsung Electronics’ fulfilment of a headline-grabbing pledge to switch to renewable energy in the US, China and Europe accounts for less than 20 percent of its […]
Research Body Develops Seawater Cell-Based Hydrogen Production Device
SEOUL : South Korea’s state-run research body has developed a device capable of producing hydrogen by utilizing seawater cells, along with a hydrogen gas compressor based on an ionic liquid piston instead of a metal piston. Ionic compression technology is a high-performance solution that is easy to operate. The Korea Institute of Ocean Science and […]
Orsted Selects POSCO as Partner for Wind Farm and Green Hydrogen Projects
SEOUL : Orsted, a Danish power company involved in major offshore wind power projects in the world, selected POSCO as a crucial business partner for green hydrogen and offshore wind power businesses. The Danish company has promised to shape a competitive supply chain with local companies for a major offshore wind power complex to be […]
Kakao to Launch New Tailor-Made Charging Service for Electric Vehicles
SEOUL — The urban mobility service wing of South Korea’s web service giant Kakao has partnered with a state power company to launch an electric vehicle charging service that would guide drivers to the nearest and cheapest EV charging station and help them pay with a digital payment system. South Korea with some 820,000 clean […]
Samsung’s ‘Solar Cell Remote Control’ Becomes Icon of its ESG Management
SEOUL : Samsung Electronics Co’s ‘solar cell TV remote control’ is gaining attention as public awareness towards environmental protection is on the rise. It is becoming an iconic figure that symbolizes the company’s environmental, social and corporate governance (ESG) management. The solar-charging remote control doesn’t require any battery, since it can be recharged not only […]
S. Korea to Accelerate Hydrogen Technologies
SEOUL : South Korea’s science ministry said Thursday it will spend 25.3 billion won (US$22.6 million) over six years to acquire core hydrogen-related technologies as the country seeks to boost its hydrogen industry. The ministry said it will commit 3.3 billion won this year and aims to develop promising hydrogen production and storage technologies, which […]