SK INNOVATION’S SUBSIDIARY SKIET RECEIVED $73.1 BILLION AS IPO

Highlights –

• SK Innovation’s subsidiary SKIET received $73.1 billion as IPO.
• SKIET has set the IPO price at US$94.60 per share.
• SKIET supplies battery separators to major EV makers, including Tesla and Volkswagen.
• It ...

S. KOREA’S 3 EV BATTERY MAKERS SAW GLOBAL MARKET SHARES FALL

Highlights –

• S. Korea’s 3 EV battery makers saw global market shares fall.
• LG Energy Solution Ltd. global market share slipped to 19.2 percent.
• SK Innovation Co. global market share fell to 5 percent.
• Samsung SDI Co.&...

Fossil-fuel powered vehicle sales to be banned from 2030: Sweden

Swedish government is serious in regards to banning the sales of combustible engine vehicles from 2030. It commissioned an inquiry to analyze how the country can replace fossil fuels and place a ban on fossil-fuel powered vehicles in an efficient manner.

The Scandinavian country’s...

Hyundai punching its way to top EV market

The Korean auto industry is everywhere in the news in the recent time as the top carmaker Hyundai has been making some bold decisions and bold deals to dominate the global auto market which it has been aiming for a long time and the crisis of the auto sector in the world has just provided the Kor...

Will the EV market thrive in the US?

As the world moves toward clean and sustainable electric transportation, the need for lithium to produce lithium-ion batteries is also rising. And the United States is currently very short on lithium as the nation mostly imports its lithium from China who produces 51 percent of the lithium it nee...