The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In 2022, India produced 860mn tons of coal (+13% y-y), making it the second-largest consumer of coal after China. The produced coal is mainly used for domestic demand, with more than 75% used for
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Europe’s energy crisis woes should lessen on reduced electricity demand stemming from both abnormally high winter temperatures and improved wind conditions. Even if the remainder of the winter se
Hanwha Q CELLS will expand its solar module plant in the United States.On Jan. 10, the Atlanta Journal Constitution (AJC), a local media outlet in the U.S. state Georgia, reported that Hanwha Q CELLS is planning to build the largest solar module plant in the United States by expanding its plant in G
Hyundai Motor Group’s electric vehicle (EV) sales volume in the United States is predicted to decrease with regard to the Inflation Reduction Act. According to experts, the volume in Europe is also likely to decrease, with Chinese EV manufacturers increasing their market share in Europe.Reuters rece
LG Chem announced on Jan. 10 that its electrostatic coating plastic material (product name: LUCON TX5007) is used for the front fenders of Mitsubishi Motors’ three types of sports SUVs -- the Outlander, the Delica D:5 and the RVR.A front fender is an exterior part on the side of a car. It covers the
The Fair Trade Commission (FCT) announced on Jan. 10 that it has approved the acquisition of Iljin Materials by Lotte Battery Materials USA, a wholly owned subsidiary of Lotte Chemical.Lotte Battery Materials USA is a holding company established by Lotte Chemical in June 2022 to promote the battery
The three Korean battery companies are reconsidering their capacity expansion plans.SK On, a battery subsidiary of SK Innovation, temporarily halted a plan to build an electric vehicle (EV) battery plant in Ankara, Turkey by jointly investing 3 trillion won with Ford of the United States and Koç Hol
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, will develop fuel cells for ships and power generation and secure eco-friendly hydrogen production technology, in partnership with Europe’s largest research center and a fuel cell parts manufacturer.KSOE
SK Group announced on Jan. 8 that about 30,000 people visited its pavilion at the CES 2023 exhibition hall in Las Vegas for four days from Jan. 5 to 8 (local time).Starting with 7,500 people on Jan. 5, the opening day of the exhibition, 9,500 people visited the SK Group pavilion on Jan. 6. On Jan. 7
Korea Hydro & Nuclear Power (KHNP) and the Ministry of Energy and Mineral Development of Uganda are discussing South Korea’s participation in Uganda’s nuclear power plant construction project.The US$9 billion project is to build two 1,000 MW reactors. The IAEA approved the project in May last year a
Amid a slump in the memory semiconductor industry, Japan’s Kioxia Holdings Corp. and Western Digital Corp. of the United States have reportedly revived merger negotiations. Yet, industry insiders believe that the proposed merger stands a slim chance.Bloomberg News reported on Dec. 4 (local time) tha
The South Korean government announced on Jan. 8 that hydrogen produced in Malaysia and the UAE would be imported in 2027 and later for the purpose of power generation and export after conversion into ammonia.The hydroelectric power generation-based hydrogen in Malaysia is scheduled to be supplied by
SK Innovation announced on Jan. 8 that the company's key executives held their first strategy meeting in 2023 on the sidelines of CES 2023 in Las Vegas on Jan. 6 (local time).Vice Chairman Kim Joon and key executives of SK Innovation confirmed that the company is creating meaningful achievements
LS Group announced on Jan. 8 that group chairman Koo Ja-eun attended CES 2023 in Las Vegas of the United States with executives and employees from the group's major affiliates for two days on Dec. 6 and 7.Koo was accompanied by Myung Roh-hyun, CEO of LS Corp., Koo Bon-kyu, CEO of LS Cable & Syst
The author is an analyst of Shinhan Securities. He can be reached at yjjung86@shinhan.com. -- Ed. 4Q22 OP to come in at KRW300.3bn (+297% YoY, -42% QoQ)We now expect LG Energy Solution to post 4Q22 sales in line with market expectations at KRW8.2tr (+84% YoY, +7% QoQ), but believe operating profit w
When SK On received a request from a global automaker in 2018 to make an electric vehicle (EV) battery that can be fast charged within 18 minutes, the South Korean battery manufacturer did not hesitate to say “yes.”It was the beginning of SF Battery (Super Fast Battery) which claimed the Best of Inn
Battery cooperation between LG Energy Solution and Toyota Motor has emerged as a hot issue in the world battery industry. LG Energy Solution is reportedly leaning towards supplying batteries to Toyota instead of establishing a battery joint venture. It is highly likely to supply pouch type batteries
At CES 2023 this week, SK Inc. hosted a food truck for visitors that offered sustainable food including Korean-style shaved ice dessert, "bingsu" – made with animal-free milk from the California-based Perfect Day. The food, located outside the exhibit hall of the Las Vegas Convention Center, also in
Hyundai Motor Group announced on Jan. 4 that its U.S. subsidiary Supernal will develop advanced future aviation solutions in cooperation with Microsoft, which has technologies for autonomous flight simulations.The two sides will promote cooperation in a wide range of fields, including cloud converge
Samsung Heavy Industries announced on Jan. 4 that it has completed the concept design of a compact molten salt reactor (CMSR) power barge, a floating facility for offshore nuclear power plants, and obtained a certification from the American Bureau of Shipping (ABS). This power generation facility us