SK Innovation has raised an 800 billion won ($657 million) “green loan” from banks in the United States, Europe and China in an effort to invest more in plants manufacturing batteries for electric vehicles (EVs) and lithium-ion battery separators (LiBS), the energy and chemical arm of SK Group said Thursday. A green loan is the…
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Once a novelty, electric vehicle technology has now filtered down to mining vehicles. Jack Unwin examines the leading mining battery vehicles and their benefits. Advanced battery technology, such as solutions developed by Volvo, has the potential to curb mining emissions. Credit: Volvo It is fair to say that electric vehicles (EV) have undergone a revolution…
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HYUNDAI Motor is launching its first car with a solar roof charging system which could increase the range of cars over time. Hyundai has revealed its first solar roof charging system which will provide additional power, increase range and offer better fuel economy. It will debut on the new Sonata Hybrid and will support the…
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South Korean shipbuilder Samsung Heavy Industries (SHI) and Samsung SDI, a Samsung Group division manufacturing batteries and other electrical equipment have jointly developed a marine lithium-ion battery system. Earlier this week SHI announced it had received a type approval certificate from DNV-GL making it the first South Korean producer of the marine lithium-ion battery system,…
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The biggest reason we hear so much about electric cars is because of the falling costs of batteries. Lithium-ion batteries today cost less than one-fifth as they did in 2010. Within the next five years, some experts estimate that the total cost of owning an electric car—that is, upfront cost plus lifetime fuel cost—will be…
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As car manufacturers ramp up production of electric cars, metals used to make the vehicles’ batteries may face a supply crunch by the mid-2020s, according to a Wood Mackenzie report released Wednesday. Lithium, cobalt, and nickel supplies are expected to be worst hit. As car manufacturers ramp up production of electric cars, the metals used…
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Stretchable conductors that stay conducting even when stretched by as much as 300% in any direction could find use in a new generation of deformable and wearable electronic devices. The conductors are made by sequential layering of polymers and gold nanoparticles in a design that is the first of its kind according to the researchers…
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The business with the most installed solar capacity in the U.S. is Apple, according to a new report from the Solar Energy Industries Association (SEIA). Released Thursday, the Solar Means Business Report for 2018 looked at both off and on-site solar installations at businesses in the U.S. Apple, with 393 megawatts (MW) of installed capacity,…
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The government unveiled an £80m investment to help develop the next generation of electric vehicles – and which could also help develop new hybrid aircraft. The investment – through the modern Industrial Strategy – will help ensure the UK is able to supply products both in the UK and abroad, to help cut carbon emissions…
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LG Chem will try to quintuple its electric vehicle battery business by 2024, the company’s CEO said on July 9. CEO Shin Hak-cheol said the company is targeting 59 trillion won ($49.9 billion) in sales by 2024, with 31 trillion won coming from its battery business. Last year, the company’s battery sector accounted for only…
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