The semiconductor battle between the United States and China is escalating. The U.S. has imposed sanctions on semiconductor exports to China, citing threats to national security, to which China responded by blocking exports of key semiconductor minerals. The U.S. is now considering restricting even
China’s auto exports in the first half of the year topped the world for the first time ever by beating Japan. This is attributed to expanding sales of new energy-powered vehicles such as electric cars in the Russian market from which U.S., Japanese and European automakers have been withdrawing since
The total amount of battery energy in electric vehicles registered in 80 countries around the world in the first half of this year was 304.3 gigawatt hours (GWh), up 50.1 percent year on year, according to SNE Research on Aug. 3. The electric vehicles included battery electric vehicles (BEVs), plug-
South Korean battery enterprises are ramping up their efforts to expand into the rapidly growing energy storage system (ESS) battery market, which is experiencing a growth trajectory on par with the electric vehicle sector. Notably, LG Energy Solution, which was once a front-runner in the ESS market
India has blocked Chinese automakers from investing in India. This is expected to give Hyundai Motor Group of Korea reflective benefits as the Korean automaker is expanding its investments in India.According to foreign media outlets including the Economic Times of India, Chinese electric vehicle mak
CATL, China's largest battery manufacturer, is witnessing explosive growth, with its revenue for the first half of the year nearing that of the entire South Korean battery industry.According to industry sources on July 30, CATL reported sales of 189.246 billion yuan (US$26.6068 billion) and an o
Korea and China are set to compete in the battery industry in Southeast Asia with high growth potential. Korean companies are investing heavily in Indonesia, Thailand, Malaysia, and Vietnam, the four largest electric vehicle markets in Southeast Asia. China, which has been blocked from entering Nort
“Made in China” is making its mark in the Korean market, not only with solar power components but also in a variety of future-oriented products such as electric buses, drones, and robots.According to data submitted to Han Moo-kyung, a lawmaker of the People Power Party, by the Korea Energy Agency on
Global battery companies are closely watching Europe’s growing energy storage system (ESS) market. As demand for renewable energy generation has surged due to the Russia-Ukraine war, demand for ESSs to store electric power has also grown considerably.Korean companies such as LG Energy Solution have
The Chinese battery industry, which had been focused on attacking the European electric vehicle battery market led by Korea, is extending its reach to the energy storage system (ESS) market. They are partnering with their country’s strong solar power value chain to challenge the European household s
Renault Korea, KG Mobility (formerly SsangYong Motors), and GM Korea, three major domestic mid-tier automobile manufacturers, have begun preparations to enter the electric vehicle market. They are preparing for the launch of electric car models and the expansion of some production facilities. Howeve
As a race to preempt the next-generation electric vehicle battery market extends beyond the battery industry to the automotive industry, companies are accelerating their moves to secure super-gap technologies.According to sources in the battery industry on June 19, major Korean battery manufacturers
Some media outlets reported that the U.S. government has approved Gotion High Tech to build a cathode and anode plant to supply lithium iron phosphate (LFP) batteries in the United States. Gotion is one of China’s top four battery makers.On June 14, Fox News reported that the Committee on Foreign In
Global automotive companies are speeding up the process of battery internalization. Batteries account for about 30-40% of the cost of electric vehicles (EVs), making them a key component. If they are successfully developed in-house, significant price competitiveness can be achieved.According to indu
While the usage of batteries by electric vehicles registered in the global market has increased year on year this year, the three major Korean battery makers has posted decreases in their market shares.According to SNE Research, a market research firm specializing in energy, the total usage of batte
Chinese electric vehicle batteries have begun invading Korea. With the Tesla Model Y and BYD’s electric truck T4K, Chinese batteries are making a foray into the Korean market. KG Mobility and Hyundai Motor are also expected to load Chinese batteries into their upcoming electric vehicles this year.Ac
China’s SEMCORP, the world’s No. 1 maker of separators, is set to open a plant in Europe soon. It is expected to expand its market share in Europe through a price war and heat up competition with Korean and Japanese separator makers in the European market.SEMCORP is expected to complete its plant in
As competition intensifies in the electric vehicle (EV) market, a “supply chain war” over key battery minerals is heating up. Not only battery cell and material companies that directly need minerals, but also automakers and energy companies have jumped into the mineral acquisition battle.General Mot
The three major Korean battery companies accounted for 49.0 percent of the global electric vehicle battery market, excluding China, in the first quarter. The total usage of their batteries amounted to about 64.2 GWh, a year-on-year growth of 45.3 percent.The three Korean battery makers ranked high i
SK ecoplant, together with its subsidiary TES-AMM specializing in recycling waste batteries, will build a waste battery recycling facility in China, the world's largest producer of electric vehicle batteries, to expand its business base in China.SK ecoplant recently announced that it has signed