Month: August 2019

26th March 2020 | Silverstone

SK Innovation secures ‘green loan’ to invest more in battery biz

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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16th August 2019 0

In charge: the battery technologies leading the way in mining

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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15th August 2019 0

Hyundai new solar car roof could save you 800-miles in recharging costs each year

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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14th August 2019 0

Samsung enters marine battery market

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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13th August 2019 0

Europe is beating the US in the battery race—with China’s help

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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2nd August 2019 0

As electric vehicle production ramps up worldwide, a supply crunch for battery materials is looming

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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1st August 2019 0