LG Energy Solution has signed a memorandum of understanding (MoU) with US-based mining company Compass Minerals for battery-grade lithium materials. According to Korean news outlets, this was LGES's first agreement with an American lithium supplier.
Renesas, a Japan-based advanced semiconductor solutions provider, will partner with Tata Group's subsidiaries on EVs, semiconductors, and telecom networks, highlighting the ever-deepening partnerships between the two companies.
The European Council negotiated two legislative proposals that tackle the energy aspects of the EU's climate transition under the 'Fit for 55' package: the renewable energies directive and the energy efficiency directive. The agreements pave the way for the Council to start negotiations with the European Parliament.
Kia reportedly will adopt battery cells from China-based CATL for its new generation of Niro electric vehicle (EV), which industry sources said could be a starting point for Chinese battery makers to foray into South Korea's car manufacturing market.
Taiwan-based battery module suppliers still hold a solid market share despite being challenged by Chinese large module makers in IT industry, thanks to their expertise in detection of multiple parallel-connected modules and in flexible production.
While major car manufacturers in India are looking for EV expansion, Maruti Suzuki, the top passenger vehicle brand in India, believes that EVs will not be mainstream in the foreseeable future and will focus on hybrid and compressed natural gas (CNG) models instead.
Ministry of Economic Affairs (MOEA) has drafted an amendment to the regulation on cogeneration in a bid to boost replacement of coal with natural gas used in cogeneration in line with Taiwan's goal of attaining net-zero carbon emission in 2050, according to MOEA.
Foxconn chairman Young Liu has met up with Indonesian president Joko Widodo to discuss its investment projects in Indonesia, including making EV battery and building smart city infrastructures, according to multiple media sources and Foxconn's official statement.
Tech startups are reportedly laying off workers as global economic uncertainties loom. Meanwhile Malaysia is seeking more investment to upgrade its semiconductor prodution and Thailand has seen car production fall sharply this year due to persistent chip crunch.
Ability Opto-Electronics Technology (AOET), in a bid to diversify its product lines, has been developing precision optical lenses for devices other than notebooks, including automotive cameras, smart surveillance systems, drones and facial/iris recognition modules, according to company chairman and president Victor Gao.
Sustainability reporting is constantly evolving. The foundations of environmental, social, and governance (ESG) are grounded on Socially Responsible Investing (SRI) and built up to the highly anticipated International Sustainable Standards Board's approach.
Lens module makers Largan Precision and Genius Electronic Optical (GSEO), viewing that global demand for smartphones has slowed down, has been developing lens modules for other applications, mainly automotive cameras and VR/AR devices.