Doosan Enerbility is participating in Saudi Arabia's largest combined cycle power plant project.The company announced on March 11 that it has signed a contract with SEPCO-3 to supply equipment for the Taiba 1 Integrated Cycle Power Plant and Qasim 1 Combined Cycle Power Plant in Saudi Arabia. With t
Kia announced on March 10 that its flagship electric vehicle, the EV9, has been named as the 2024 U.K. Car of the Year.The U.K. Car of the Year is selected each year by a 30-member judging panel of locally based automotive journalists who vote on vehicles launched in the last 12 months. Participatin
LG Energy Solution announced on March 10 that it is collaborating with Qualcomm to develop advanced Battery Management System (BMS) diagnostic solutions for next-generation electric vehicles. Through this partnership, LG Energy Solution plans to develop a more sophisticated BMS solution by integrati
LG Group Chairman Koo Kwang-mo was ranked 10th on the list of influential people in the global automotive industry by a leading U.S. automotive publication this year. Motor Trend, a leading U.S. automotive publication, announced its Global Automotive Industry Power List on March 5 (local time).Koo t
The Export-Import Bank of Korea (Korea Eximbank) announced on March 7 that it has inked a memorandum of understanding (MOU) with the United States Department of Energy (DOE) for cooperation in the fields of supply chain and eco-friendly energy.Yoon Hee-sung, the president of the Korea Eximbank, sign
The Korean government will launch the Top 10 Promising Markets Trade Mission, which will lead strategic market exploration to help the country achieve US$700 billion, the largest ever, in exports this year,.The Ministry of Trade, Industry and Energy (MOTIE) announced on Mar. 5 that it will send the
The Ministry of Trade, Industry and Energy announced this year it will invest a total of 1.141 trillion won in research and development (R&D) for materials and components technology, focusing on creating a significant lead in advanced industries, stabilizing supply chains, and achieving carbon neutr
The battery industry is set to unveil a bunch of new technologies at Interbattery 2024, Korea’s largest secondary battery industry show.LG Energy Solution will take the wraps off its cell to pack (CTP) product at InterBattery 2024 which will run from Feb. 6 to 8 at COEX in Seoul.Cell-to-pack technol
The Optionally Piloted Personal Air Vehicle (OPPAV) recently developed by the Korea Aerospace Research Institute (KARI) has logged a top speed of 240 kilometers per hour. The model is a single-seat Korean urban air mobility (UAM) aircraft.On Feb. 28, the OPPAV was busy taking flight tests at the Nat
The Hyundai IONIQ 6 was ranked most fuel efficient among 2024 models selling in the U.S. market.The IONIQ 6 Long Range Rear Wheel Drive model with 18-inch wheels was honored as the most fuel-efficient vehicle with a combined fuel efficiency of 140 MPGe, according to Fuel Economy, a fuel-saving infor
Nawah Energy, a joint venture between Korea Electric Power Corporation (KEPCO) and the Emirates Nuclear Energy Corporation (ENEC), announced that the Unit 4 reactor of the Barakah Nuclear Energy Plant in the UAE successfully reached its first criticality on March 1.Following the acquisition of the o
SK on, a battery subsidiary of SK Innovation, a leading global battery manufacturer, announced today it will showcase battery cells highlighting advanced fast-charging solutions along with various products demonstrating its latest R&D achievements at the upcoming battery exhibition in Seoul.The Adva
Hyundai Motor Company’s IONIQ 5 N is among the Top Three in the World finalists for the 2024 World Performance Car.The World Car Awards announced the Top Three in the World finalists for this year’s competition at a ceremony during the Geneva International Motor Show. The World Car Awards is an annu
The Korean government has set the goal of seeing Korean green companies achieve 100 trillion won in overseas exports by 2027. To this end, it plans to proactively discover demand for overseas environmental businesses. In particular, it aims to build a sustainable foundation for an overseas expansion
The Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) announced on Feb. 23 that they held an online briefing on the 2024 Secondary Battery U.S. Investment Strategy to help Korean companies break into the U.S. secondary battery market.The event was
The U.S. government has decided to support SK siltron with investment funding in the form of a loan to expand its production in the United States. SK siltron CSS currently operates a factory in Bay City, Michigan.The Loan Programs Office (LPO) under the U.S. Department of Energy announced on Feb. 22
Hyundai Engineering & Construction (Hyundai E&C) has been selected as the preferred negotiating partner for a major nuclear power plant project in Bulgaria, marking its return to the overseas market after 15 years.The company announced on Feb. 23 that it has solely passed the pre-qualification asses
KG Mobility (KGM) announced on Feb. 22 that it posted sales of 116,699 units and 3.78 trillion won (US$2.84 billion), operating income of 5 billion won and net profit of 1.2 billion won based on an unconsolidated basis in 2023.KGM said the results were driven by productivity improvements and cost re
HL Group’s HL Mando has officially launched a joint venture with China’s automotive parts company, Tianrun Industry Technology, related to the manufacturing of electric steering for commercial vehicles. The joint venture, Tianrun Mando, will have a total capital investment of 100 million renminbi, w
LG Energy Solution has embarked on establishing a solid supply chain for the expansion of its lithium iron phosphate (LFP) battery business.On Feb. 22, LG Energy Solution announced a long-term supply contract for LFP cathode materials used in electric vehicles (EVs) and Energy Storage Systems (ESS)