The South Korean government plans to invest KRW2.2 trillion (US$1.66 billion) in the next five years to strengthen the competitiveness of cutting-edge industries such as semiconductors, rechargeable batteries, and biotechnology. The final goal is to promote "Global Clusters in Advanced Industries," bringing together companies, universities, research institutions, and others to create a world-class innovation technology ecosystem in the country. Meanwhile, it will also relax restrictions on corporate venture capital (CVC) investments and expand cash subsidies for foreign investors entering the industry clusters.
Ford said on September 25 that it had halted construction of its battery plant in Michigan amid the ongoing strikes initiated by the United Auto Workers (UAW). The carmaker had planned to license technology from China-based CATL to produce batteries in the US.
LG Chem announced on September 24 that it will enter the LFP cathode material market with China-based partner Huayou Group. The pair aims to build a plant and produce the material in Morocco to supply North America.
Energy conservation has become an important trend to achieve the goal of net zero emissions in 2050, and companies are all actively measuring their energy consumption. A power meter is the most basic measurement tool, but the power meter currently used by industries is too costly. The AI power sensor developed by the Green Energy & Environment Research Laboratories (GEL), Industrial Technology Research Institute is the size of your thumb, and can be integrated with micro energy management system (μEMS), cloud energy management, or industrial control system for visualized energy analysis. This will significantly reduce the cost and time of implementation, and provides a solution for rapidly revealing the power consumption of factories and office buildings.
Cisco recently unveiled its next-generation environmental sustainability strategy, the "Plan for Possible." Mary de Wysock, chief sustainability officer at Cisco, introduced three key priorities of the strategy:
The global push for offshore wind power development has gained momentum, with countries worldwide ramping up their investments in the industry. Notably, the Asia-Pacific region has emerged as a prime market for growth. Taiwan, guided by supportive government policies, has witnessed renewed interest from foreign offshore wind developers like Orsted Wind Power TW Holding A/S, NP Hai Long Holdings B.V., and Yunneng Wind Power, reaffirming their commitment to project development and construction within Taiwan.
The Japanese and Canadian governments signed an EV battery supply-chain agreement. Simultaneously, Panasonic's battery arm, Panasonic Energy, announced that it will work with Canada-based graphite producer Nouveau Monde Graphite (NMG) to make anode materials for EV batteries.
France announced new eligibility for its EV subsidy program that will likely rule out China-made vehicles. The move came after the European Commission's launch of an investigation. Chinese EV leaders asked Europe to be open and form a multilateral trade system.
In two exclusive reports by Reuters, which cited multiple sources, India is reportedly talking with Tesla for the latter's Powerwall business to be set up in India, including manufacturing. Meanwhile, India-based JSW has reportedly begun talking with LG Energy Solutions (LGES) about producing EV batteries in India.
Toyota unveiled its production lines of full-solid-state and LFP batteries in September. According to Japan-based Sankei, Motor Fan and Toyota, the carmaker is developing full-solid-state batteries at the Teiho plant in Teihocho, Japan.
As offshore wind power advances into phase 3.1, coastal wind farm sites are gradually reaching saturation, underscoring the growing importance of precise site selection. Industry experts stress that site choice should not only encompass environmental assessments but also factors such as wind potential, wind speeds, and grid connectivity. Given the limited available land, the capacity and site selection for phase 3.2 wind farms are poised to become the central focus of the market.