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Aug 18
SK On makes battery material investment in Canada, expanding battery production on home turf
South Korea-based battery manufacturer SK On is accelerating expansion. The company will invest in a new battery material plant in Quebec, Canada, with Ford. It also plans to build another battery manufacturing facility in South Korea.
Chinese battery maker Contemporary Amperex Technology Co. Limited (CATL) launched its Shenxing 4C superfast-charging lithium iron phosphate (LFP) battery on August 16, which will help it take on BYD, its main competitor in the electric vehicle (EV) LFP battery market.
Rising levels of China's power battery inventories are becoming increasingly obvious, which is putting pressure on China's electric vehicle (EV) supply chain, according to sources.
Applications such as electric vehicles and energy storage have gradually seen material demands. However, whether the two applications can be operated safely and effectively depends on the battery. Many industry leaders in Taiwan have been investing in those fields or cross-domain developments for many years. Among them, Taiwan startup XING Mobility has not only written a new chapter for battery cooling technology but also successfully found a new breakthrough for Taiwan manufacturers in the international market competition.
Taiwan's offshore wind power sector has embarked on its third phase. The earlier progression through the first and second phases has led to a upsurge in demand for subsequent services in wind farm operation and maintenance(O&M). Projections indicate that the annual economic prospects in offshore wind power O&M could reach up to NT$30 billion. To foster the localization of the offshore wind power supply chain, Taiwan Power Company (Taipower) and other key industry stakeholders have sequentially established O&M hubs in Taiwan.
Chinese automaker Nio will be able to mass produce its in-house developed autonomous driving (AD) processors within one to two years, according to company hardware Vice President Bai Jian.
The worldwide push for carbon reduction has taken center stage, compelling the transportation sector to explore alternative renewable energy options. However, achieving carbon reduction within aviation poses notable challenges.
BYD just reached the five million vehicle production milestone. Chairman and president Wang Chuanfu said at an event that Chinese automakers should work together to show the world the country's car expertise. He did not convince his competitors. Some even said they will have a fight before collaborating on anything.
In response to the national low-carbon policy and corporate priorities, Unimicron, a IC substrate manufacturer, recently inaugurated the "large-scale stationary hydrogen fuel cells" within the Zhongli industrial zone. This strategic move is designed to foster energy supply diversification and self-sufficiency, facilitating the company's transition towards sustainable energy practices.
In mid-2023, Denso aligned with Japan's governmental hydrogen energy policy and Toyota's hydrogen energy pursuits, unveiling three novel accomplishments in environmental technology. These breakthroughs will undergo practical testing from May to September, with Denso planning to make them available for external purchase between 2023 and 2025. This offers a valuable reference for enterprises focused on curbing carbon emissions.
Lithium battery cells made in China account for more than 50% of the global energy storage system and EV market share. Suppliers from other countries will encounter tremendous challenges when entering the Chinese market. They are also worried that they will lose their domestic markets to China-based competitors.
After trying to attract Tesla's investment for a long time, Indonesia seems to have made some progress. Senior minister Luhut Pandjaitan said the EV giant is considering investing in lithium battery materials in the country and will announce the plan in the following months.